WSJ: “The Federal Reserve will face the problem of an AI purchasing agent talking to an AI credit agent with the only constraint on them being the underlying code dictating their behavior and the instructions users give them. Further, these two agents may conduct transactions using a form of currency that is lightly regulated and doesn’t move through the traditional banking system. Since these interactions would take place in the shadow banking sector, the Fed won’t see first movements in where the money supply is expanding or contracting, one of the main things central bankers need to observe to do their job correctly and guide the economy. And as AIs make financial decisions, how can anyone be certain that they will respond to Fed policy in the same way as our historical data tells us humans respond to Fed policy?”
BVP: “We believe that the coming decade is poised for an even bigger growth spurt, leading to a trillion-dollar digital opportunity. This era of entrepreneurship is almost five times the value creation that happened in the last decade. And given that more than 60% of India’s economy is consumer-led, we expect a large share of this value to accrue to consumer startups. India is about to witness its digital economy take off like a rocket, with a triple engine of commerce, content, and consumer discernment fueled by AI. There has never been a better time to be a consumer entrepreneur in India; in this report, we dive into this new era’s growth engines, AI’s impact so far, and the key metrics entrepreneurs should prioritize.”
FT: “The first wave of AI co-pilots and assistants did little to change working life. The hope has now shifted to agents — tools capable of automating individual tasks, or even entire work processes. According to McKinsey, agents promise to create serious business value by automating complex and important operations. But the consultants also warn this will require a rethink of entire business processes. Persuading its customers to move beyond the many GenAI pilot projects that litter the corporate world will be a heavy lift for the tech industry. That does not mean that, in the longer run, generative AI has no chance of bringing about the kind of transformation in working life that its boosters claim. But, for now, the chasm between capital spending and revenue has shown little sign of narrowing.”
SaaStr: “Be AI-first, grow >25% at scale, get into the top tier, or become irrelevant.”
