PayPal hires Walmart exec as chief technology officer in AI push

FILE PHOTO: A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - PayPal has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence as its new chief technology officer, the company told Reuters on Thursday.

Venkatesan will oversee technology across the payments giant, including AI and machine learning, information security and product engineering, the company said.