John Collison predicts that AI applications like ChatGPT will become new aggregation points for commerce, benefiting smaller merchants by enabling product discovery based on merit rather than a brand'...

John Collison argues that thanks to platforms like Shopify, small businesses now often have superior e-commerce experiences, including faster and higher-converting websites, compared to very large, es...

JPMorgan Chase is launching JPMD, its own tokenized dollar.

In early 2024, Coinbase became the first cryptocurrency company to be added to the S&P 500 index.

Jamie Dimon, CEO of JPMorgan Chase, previously called Bitcoin a "fraud" and "worse than tulip bulbs."

The Genius Act, a piece of legislation focused on stablecoins, has been passed into law in the United States.

The FAA has implemented new "Mosaic" rules, announced by Sean Duffy, which simplify the certification process for new aircraft and are expected to increase innovation in the light aviation sector.

Stripe acquired the company Metronome to enhance its capabilities in usage-based billing for the AI economy.

John Collison predicts that businesses supporting agentic commerce sooner will outperform those that don't, similar to how third-party sellers on Amazon with Prime are chosen more often.

Stripe has seen significant adoption of AI tools in software engineering, with many bugs now being fixed automatically without an engineer opening a code editor.

Stripe is building infrastructure to support stablecoins for agentic commerce, which could allow AI agents to pay for services on a per-use basis without requiring users to sign up for each service.

Stripe categorizes agentic commerce into two main areas: consumer-facing, such as buying through ChatGPT or Claude, and B2B/developer-led, where an agent like Claude Code purchases resources.

Stripe is working with Google, Microsoft, Meta, and OpenAI on an "agent-to-commerce suite" to create the programmatic infrastructure for AI-driven commerce.

A key challenge in enabling agentic commerce is unwinding historical website bot protections and creating a secure system, like a "TSA Pre for bots," to allow approved agents to transact.

A core debate at the frontier of AI is whether to make websites and tools more easily consumable by AI, or if AIs will simply become proficient enough at unstructured computer use to navigate the exis...

Current large language models are described as "horrible at numbers" and can produce nicely formatted but numerically incorrect financial analyses.

Agentic commerce is expected to make microtransactions viable for the first time because AI agents can handle the mental load of deciding on small, frequent purchases that is too high for humans.

The dominant economic model in the AI economy is usage-based billing, where users pay per token or per usage, because there are marginal costs for each AI operation.

John Collison predicts that AI will lead to greater economic dynamism, resulting in the formation of more, and smaller, firms as the barrier to creating competing products is lowered.

New business creation on Stripe grew 71% year-over-year in Q1, an increase attributed to the "intelligence explosion" from AI enabling more entrepreneurship.