GoKawiil
Tech News
A banking industry group representing major U.S. banks released a report expressing concern about agentic commerce, where AI agents make purchases on behalf of consumers. The report warns that this emerging shopping method could lead to increased scams, fraud, and payment disputes.
Ron Johnson, who built Apple's retail store network starting in 2000, says he doesn't believe AI shopping agents will fundamentally change how people buy products. He argues that for significant purchases like laptops, consumers still want to physically handle items rather than let an AI complete the transaction, even as companies like Google and OpenAI push tools that let agents research, compare, and buy on a shopper's behalf.
Amazon began showing an error message to Meta's AI assistant Muse over the weekend, stating that unauthorized AI agents violate its Conditions of Use. As a result, Muse can no longer complete purchases on Amazon, forcing users to shop elsewhere.
Google has rolled out new infrastructure aimed at supporting agentic commerce, where AI agents complete purchases on behalf of users. A payments infrastructure veteran notes that the underlying payment systems for this technology remain unresolved, echoing a recurring pattern where new commerce tech launches on rails not built for it.
Mastercard has launched a program that issues virtual payment cards specifically to AI agents so they can complete purchases on behalf of consumers. The initiative pushes 'agentic commerce'—where software autonomously browses, selects and buys items—further into the mainstream payments ecosystem.
Tailwind Labs, creator of the widely used Tailwind CSS framework, announced it is joining Shopify. The framework, installed over 110 million times weekly and used by companies like OpenAI, X, Cloudflare and Reddit, will now be developed within Shopify's product ecosystem rather than as a standalone business.