@a16zcrypto @RibbitCapital Really good x402 resource from @jinglingcookiescookies (🍪,🍪) | 饼妹 (@jinglingcookies):Everything you need to learn about x402With this thread, you can find> What is agentic commerce?> What is x402?> x402's traction> Agentic commerce landscape🧵 ...

Why don't we start with your word of the day. It's boom. What's booming.>> So, this is in contrast to bubble. We are not in an AI bubble in our opinion and we think that this narrative can be dismantled by both the demand supply and balances that we're currently seeing as well as the ROI on accelerated compute. So, I mean bubbles are you characterized by overbuild, over supply, too much investment, uh inflated multiples.We're not seeing any of those things right now. In fact, we're in an acute supply constr ...

Core Viewpoint - Walmart Inc. is poised to reach a trillion-dollar valuation following its partnership with OpenAI, which has significantly boosted its stock price [1][4]. Group 1: Partnership Details - The partnership with OpenAI allows Walmart customers to browse and purchase products directly through ChatGPT, although fresh foods will not be included in this offering [2]. - The collaboration is seen as a major advancement in the adoption of agentic commerce, positioning Walmart ahead of competitors who have been slower to adapt to AI technologies [4]. Group 2: Stock Performance - Following the announcement, Walmart shares surged by 5%, marking the largest one-day gain since April, and bringing the company's market capitalization to over $854 billion [3]. - Walmart's stock has experienced significant growth, with an increase of more than 11% in 2023 and a nearly 72% rise in the previous year, the largest annual gain since 1998 [6]. Group 3: Analyst Insights - Analysts view the OpenAI partnership as a unique opportunity for Walmart, enhancing its reputation for technological innovation in the retail sector [5]. - Despite economic uncertainties, analysts maintain a bullish outlook on Walmart shares, suggesting they remain a strong investment in the consumer space [6].

Core Insights - Walmart's partnership with OpenAI has led to a significant increase in its stock price, rising 5% and achieving its largest one-day gain since April, reaching a record high [1] - The collaboration is expected to enhance Walmart's market valuation, potentially reaching $1 trillion, as noted by Mizuho analyst David Bellinger [2] - Walmart's current market capitalization stands at $854 billion, with only 11 stocks valued over $1 trillion, highlighting the competitive landscape [3] Partnership Details - The partnership aims to create AI-first shopping experiences, allowing customers to complete purchases directly within ChatGPT using Instant Checkout [3][4] - Doug McMillon, Walmart's CEO, emphasized the shift from traditional eCommerce experiences to a more personalized and contextual AI-driven approach [4] - OpenAI's Instant Checkout feature is designed to streamline the shopping process, enabling seamless transitions from chat to checkout for consumers [4] Market Position - Walmart has been gaining market share by catering to value-seeking shoppers, contributing to its stock performance and overall growth [3] - The company is recognized for being proactive in adopting AI technologies, contrasting with competitors who have been slower to adapt [2]

Core Insights - Walmart has partnered with OpenAI to enhance the e-commerce experience, allowing shoppers to make purchases directly through the ChatGPT app, marking a significant shift in online shopping dynamics [1][9] - The partnership expands Walmart's previous internal use of OpenAI's tools, indicating a strategic move towards integrating AI into customer-facing operations [1][3] Company Developments - Walmart is developing its own AI tools, such as the AI assistant Sparky, to perform similar functions as OpenAI's products, emphasizing a focus on customer convenience [2][3] - The CEO of Walmart US, John Furner, stated that the priority is to simplify the shopping process for customers, regardless of the technology used [2][3] Industry Trends - Analysts view Walmart's partnership with OpenAI as a significant advancement in the adoption of "agentic commerce," where AI agents facilitate product searches and purchases for consumers [4][9] - The concept of agentic shopping is gaining traction, with ChatGPT's daily handling of 50 million shopping-related queries indicating a growing acceptance of AI in retail [13] Competitive Landscape - Walmart's proactive approach contrasts with Amazon's more cautious strategy, as Amazon restricts access to its product listings while focusing on its internal AI tool, Rufus [11][12] - The holiday season will serve as a critical test for Walmart to determine if AI-assisted shopping can effectively drive sales [13]

Core Insights - Walmart has partnered with OpenAI to create AI-first shopping experiences, allowing customers to complete purchases directly within ChatGPT using Instant Checkout [1][5] - This partnership reflects a broader industry shift towards conversational and predictive commerce, enhancing Walmart's use of AI across its retail operations [2][6] Company Developments - Walmart's integration of AI aims to transform eCommerce from traditional search-based experiences to a more personalized, multimedia, and contextual shopping experience [3][4] - The company is already applying AI in various areas, such as reducing fashion production timelines by up to 18 weeks and improving customer-care resolution times by up to 40% [4] Industry Trends - The collaboration exemplifies the transition of AI-driven systems from experimentation to mainstream deployment, focusing on dynamic interactions that blend human-like assistance with retail scale [7] - OpenAI's Instant Checkout feature allows users to buy products directly within ChatGPT, functioning as a "digital personal shopper" [5][6]

Core Insights - Walmart Inc. has announced a collaboration with OpenAI to enable shoppers to purchase directly through ChatGPT, introducing a new Instant Checkout feature aimed at enhancing the shopping experience [1][3] - This partnership is positioned as a step towards "agentic commerce," where AI anticipates and acts on customer needs [2] Group 1: AI Integration in Shopping - The new Instant Checkout feature will allow shoppers to build carts, check out instantly, and receive proactive recommendations within ChatGPT [4] - Walmart's CEO Doug McMillon highlighted that the traditional eCommerce experience is evolving beyond simple search bars and item lists [3] Group 2: Broader AI Strategy - Walmart is already utilizing AI tools in various areas, including customer service, supply chain management, and internal operations, with the development of chatbots for different stakeholders [5] - The company plans to enhance AI literacy among employees through OpenAI Certifications and ChatGPT Enterprise [4]

Core Insights - Affirm Holdings, Inc. (AFRM) is enhancing its partnership with Google by supporting the Agent Payments Protocol (AP2), which is designed to facilitate secure, agent-led transactions across various platforms [1][8] - The integration of AP2 allows AFRM to embed its payment options into a new era of digital payments, emphasizing responsible lending and consumer trust through real-time assessments and interest-free installment plans [2][3] Company Developments - AFRM's platform already integrates with Google Pay and Chrome's autofill feature, which positions the company to connect with new consumers and merchants [2] - The collaboration with Google and the integration of AP2 signifies AFRM's intent to diversify beyond Buy Now, Pay Later (BNPL) services and establish itself as a tech-savvy financial partner [3][4] - Total transactions for AFRM surged 51.8% year over year in the fourth quarter of fiscal 2025, indicating strong growth and potential for increased transaction volumes [4][8] Competitive Landscape - Competitors such as PayPal and Visa are also advancing in the fintech space, with PayPal launching its Agent Toolkit and Visa developing its Intelligent Commerce initiative, both focusing on AI integration [5][6] - PayPal's total payment volume increased by 6% year over year in the second quarter of 2025, while Visa's processed transactions rose by 10% year over year in the third quarter of fiscal 2025 [5][6] Financial Performance - In the year-to-date period, AFRM's shares gained 25.7%, outperforming the industry's rise of 20.9% [7] - The Zacks Consensus Estimate for AFRM's fiscal 2026 earnings implies a remarkable 460% growth from the previous year, with revenue growth projected at 23.8% year over year [9] - Current earnings estimates indicate significant year-over-year growth, with the most recent consensus for fiscal 2026 earnings at $0.84 and $1.45 for the following year [10]

Something's definitely brewing at PayPal Holdings Inc (NASDAQ:PYPL)—and this time, it's not just fintech talk. After a five-day, 11% rally that's pushed shares near $76, traders are revisiting a theory that refuses to die: PayPal could be the hidden payments engine in OpenAI's coming wave of AI-driven shopping experiences.The catalyst? A new surge of product rollouts and bullish analyst calls just as chatter reignites around PayPal's role in powering agentic commerce—the idea that AI tools like ChatGPT will ...

Core Insights - Affirm supports Google's Agent Payments Protocol (AP2), which aims to facilitate agent-led payments across various platforms [1][2] - The collaboration is expected to enhance the integration of Buy Now, Pay Later (BNPL) services into agentic commerce, providing consumers with more flexibility and control [2][3] Company Developments - Affirm's partnership with Google has been ongoing for years, focusing on delivering secure and innovative payment experiences [5] - The integration of Affirm with Google Pay and Chrome's autofill feature is part of this collaboration [5] Industry Trends - Google introduced AP2 to address key issues in agent-led payments, including authorization, authenticity, and accountability [4] - Other major players in the industry, such as Mastercard and Visa, are also developing solutions for agentic commerce, indicating a broader trend towards this payment model [7]