编译：Haozhen、Ivy 当 agent 开始学会"消费"，支付世界也迎来了重构的时刻。 作为互联网支付重要基础设施，Stripe 当前最新估值高达 1060 亿美元，它每年需要处理约占全球 GDP 1.3% 的 交易量 ，也因此，在 AI 时代，Stripe 成为包括 ChatGPT 在内的几乎所有 AI-native 玩家的支付 首选。 今年 9 月，OpenAI 与 Stripe 联合推出了 Agentic Commerce Protocol（ACP），一个面向 agent 经济系统 的开放商业标准，明确规定了商家应如何向 agent 展示商品、品牌形象与定价策略等，标志着 agent 不 再只是信息中介，而将成为具备购买与支付能力的经济参与者，这更是从根本上重新定义了"谁在参与 经济活动"这个命题。 为了更深入理解 Stripe 在这场浪潮中的战略布局，我们整理了 Emily Glassberg Sands 的最新访谈。作为 Stripe 的 Head of Data & AI，Emily 在访谈中分享了 ACP 的本质，Stripe 是如何通过 AI 提升市场效率和 内部工作效率、推动全球 GD ...

Core Insights - Shopify Inc. is expected to report steady growth in its upcoming earnings, driven by robust e-commerce spending and a new partnership with OpenAI that enhances value [1][2]. E-commerce and OpenAI Partnership - The integration with ChatGPT allows users to access Shopify merchants directly, which could increase traffic and sales [2][3]. - This collaboration provides Shopify access to over 800 million weekly active users, potentially expanding its merchant reach [3]. Financial Performance Expectations - Analysts forecast a 27% growth in gross merchandise volume (GMV) and a 33% growth in gross payments volume (GPV) for Shopify, supported by back-to-school spending and retail activity [4]. - Projections include a revenue of $2.75 billion and adjusted EPS of $0.37 for the third quarter [7]. Analyst Insights - Analyst Reginald L. Smith maintains an Overweight rating on Shopify with a price target of $179, citing stable e-commerce fundamentals and the OpenAI partnership as catalysts for growth [2][5]. - Smith anticipates investor interest in updates regarding Shopify's Agentic Commerce Protocol and the OpenAI integration, as well as insights on marketing expenses and holiday spending trends [5]. Market Position and Stock Performance - Despite strong fundamentals, Shopify's stock is described as "priced for perfection" after a 41% increase since August, significantly outperforming the S&P 500 [6]. - At the time of publication, Shopify shares were trading at $172.25, nearing its 52-week high of $182.19 [7].

Key Highlights of Agentic Commerce Protocol (ACP) in DeFAI - Virtual launched Agentic Commerce Protocol (ACP), a coordination layer for AI agents, facilitating transactions and communication across clusters for complex tasks [1] - ACP aims to be the SWIFT for AI agents, enabling interoperability and coordinated workflows [1][2] - Virtual supports dedicated ACP clusters, including the Autonomous Hedge Fund, featuring agents like @AIxVC_Axelrod [1] DeFAI Agents and Applications - Three ACP-integrated DeFAI agents are highlighted: @Mamo_agent (savings), @GigabrainGG (market analytics), and Virgen Capital (AI-native VC cluster) [2][3] - @Mamo_agent optimizes yield on $USDC (6.5% APY) and $cbBTC (<1%) [2] - Virgen Capital, by @VaderResearch, targets pre-TGE tokens and distributes returns to $VADER stakers [3] DeFAI Market Trends and Challenges - Two categories of DeFAI agents are emerging: onchain assistants and signal/yield agents [4] - Structuring blockchain data for agents to extract signal remains a challenge [4] - DeFi agents are expected to become the default interface for navigating onchain, simplifying access [5] Future Implications - DeFAI agents are seen as a natural evolution, smoothing out DeFi's interface friction [5] - ACP facilitates the transition of agents from isolated tools to coordinated systems, potentially leading to a unified onchain OS [5]