Nevermined

We’ve been immersed in AI, decentralization and commerce for the past 7 years. And what’s become blatantly clear to us is that we need a new tech stack for AI-commerce.   AI isn’t just revolutionary tech. It’s the emergence of a new type of consumer. Trillions of AIs, GPTs & agents will transact and change commerce forever. How exactly? Hard to predict. But one things is certain... AI-COMMERCE ≠ E-COMMERCE. ⏩ AI-Commerce = fast. AIs will transact at unimaginable speeds & volumes. 🤝 AI-Commerce = p2p. AIs will connect & ‘do business’ with other agents. 🧠 AI-Commerce = smart. AIs will use complex business & legal logic. Now, how will we handle such a bazaar of bartering AIs that use complex logic to execute micropayments? Not with the current e-commerce payment rails. 🙄Those are starting to feel like cart and horse, while AI-commerce requires a rocketship.  (Self-flying, obv). Nothing new though, we’ve been here before. In the 90s, internet users were relying on a pre-commerce internet to buy and sell goods. Cash-on-delivery, anyone? 💸 But then PayPal came along and provided the infrastructure for internet native commerce. And just like PayPal’s 1st step was fixing a real problem (eBay), we see an issue amongst AI builders right now: AI payments are HARD! Using AI apps has a variable cost, depending on model, prompt complexity,… But Stripe doesn’t provide a system of accounting for this. This means AI builders risk having to foot the bill for over-usage. Alternatively, they risk losing users because they charge too much.  In short, the legacy infra of e-commerce is blocking builders from turning their efforts into a business. 🚫 We need the PayPal of AI-commerce. To fix that, we’re about to release a Point of Sale system, where AI builders can create credit-based payment plans for their apps and get paid based on what gets used.  🙌 We’re starting to invite people for feedback. But we also invite people to join the conversation. Because this seemingly mundane problem is symptomatic for the gap we need to bridge. Ultimately, AIs won’t have bank accounts, but will need to transact. And we believe we’re taking the first step towards a new Payment infrastructure for AI commerce. Read the full post by our CEO Donald Gossen here:  https://lnkd.in/e2NAW8xn