Cathie Wood, the CEO of ARK Invest, has urged investors to pay attention to how AI agents spend money and which payment networks they utilize, as reported by CoinDesk.
During her speech at the Robinhood summit, she reminded the audience that she previously advised them to track developers to gauge technological trends.
Now, she believes that AI agents, which not only respond to queries but also act on behalf of users and can make payments, should be the focal point.
If millions of these agents start autonomously selecting software, services, and networks, their actions could provide another way to track demand trends. However, Wood emphasized that these agents will also require a payment method.
Reducing Risks
Joseph Shalom, co-CEO of SharpLink and former head of digital assets at BlackRock, advocated for an open infrastructure for financial agents. He expressed concerns over a model where such services are controlled by a few banks or tech platforms.
Shalom outlined a basic scenario: a user permits an agent to spend up to $500 on hotel bookings but retains the right to revoke access and review the agent's transaction history at any time.
He emphasized that users should be able to transfer agents between providers along with their identification, financial data, and access rights. Open blockchains like Ethereum would be suitable for this purpose.
“A world filled with smart agents means nothing if a handful of companies decide where your money can be invested,” Shalom stated.
It’s worth noting that in September, Robinhood launched Robinhood Agents—AI agents integrated into their app designed for market analysis, strategy development, and trade execution.
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