The internet is made for shopping. For years, the main inputs for e-commerce transactions involved targeted ads, algorithmic recommendations, SEO, and lots of mindless scrolling. But agentic commerce might represent a sea change for e-commerce: With the rise of AI agents doing shopping on behalf of consumers, how are retailers going to adapt? John Collison, co-founder of the financial services and payment processing company Stripe, has first hand experience with all the ways e-commerce has changed in the last decade, and he thinks agentic commerce is going to completely transform the online shopping experience. We speak to Collison today about how AI has already changed the way consumers make purchasing decisions, why key word search is a "ridiculous" way to find things to buy, what it means when brands will have to appeal to AI agents as opposed to human buyers, and if AI agents can truly mimic human taste. Chapters: 00:00:00 - AI’s Impact on Web Traffic and Advertising Revenue 00:01:19 - Introduction and Domain Registration Frustrations 00:03:13 - Agentic Commerce Introduction 00:05:36 - Defining Agentic Commerce 00:06:43 - Friction Reduction vs. Fundamental Change 00:10:01 - Gradations of AI Commerce 00:13:09 - Optimizing for Agents vs. Humans 00:15:45 - Future of Advertising 00:17:52 - Machine Readability and Product Catalogs 00:20:26 - Technical Implementation Details 00:21:28 - B2B Applications and Website Design 00:25:06 - Impact on Pricing 00:27:17 - Micro-transactions and Internet Monetization 00:30:43 - Traffic vs. AI Platform Access 00:31:59 - API Restrictions and Data Access 00:33:23 - Stablecoins and Transaction Costs 00:35:50 - Liability and Risk Management 00:37:53 - Corporate AI Strategy 00:42:31 - Vision for the Internet's Future Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Watch more Odd Lots episodes: https://www.youtube.com/playlist?list=PLe4PRejZgr0OJbRzA6nWybYiThLJd_ouz Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots: https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV Get the Odd Lots newsletter: https://www.bloomberg.com/account/newsletters/oddlots And for all things Odd Lots, visit https://www.bloomberg.com/oddlots #Investing #Markets #Finance #Bloomberg #Podcast #OddLots Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg