President Trump meeting with AI industry leaders yesterday, with the president and company executives appearing to be on the same page when it comes to self-regulation, with leaders such as anthropic and open AI CEOs calling for a slowdown to security due to security concerns, the white House is brushing aside that sentiment in order to maintain its lead in the AI race over China.
But this race may come down to a gentle artificial intelligence. A recent report highlighting that China's government is backing its companies as they put agent payments in the hands of 100 million users. While China has established a national rules for AI agents, the U.S. has caught up in a heated debate over the country over safety as well as data centers.
And joining us live at the New York Stock Exchange to weigh in on this report is Frank Sinton is the co-founder and CEO of Adgentek. Well, great to have you here. Thank you so much for joining us.
Thanks for having me I appreciate it.
Well, first and foremost, the key question is we call it artificial intelligence superintelligence. Where do we stand here in the US. And do you think the doomsday scenario that a lot of people are talking about regarding national security? Do you think that weighs on competition here in the US?
What kind of superintelligence or artificial intelligence either way. And I think that obviously, you know, the doomsday scenario is, um, you know, I think a lot of the attention has been brought to that over the last couple of weeks, but I think it's misdirected. I think we really need to be talking about innovation and where we go forward, and how do we lead with innovation and what Mary has always been great at to small businesses, uh, building building products for, you know, the consumer, for enterprise, etc..
So whereas of course, there has to be safety and companies really be responsible for, um, for creating safe AI. Uh, overall, from a government perspective, we really should be focused on helping facilitator our companies and helping them lead not just in the US but internationally.
So when it comes to what's happening on the ground outside of the US and in particular in China, where do they stand in comparison to the US?
Yeah. So let's talk about agenda commerce just for a minute. So this is the next big phase where agents, autonomous agents, are actually to be able to understand our preferences and go out and shop and buy or actually do transactions on our behalf. Right. So whether it be booking the next hotel or buying, you know, my next beauty products.
Like these agents are going to know a lot about what we want. And you know, we'll be able to direct them, of course, but they're going to actually be able to transact. Uh, the area that China really has been focusing on is, is that area an agent of commerce. So they've really been, um, you know, with Alipay, uh, you know, being broadly based across, you know, hundreds of millions of users, they've been able to really push like the standards around Magento Commerce, at least within China.
So that's really, I think, where I see an area that, that we could perhaps be looking at in the US and how can we help our companies really lead in this area. And of course, we have, you know, visa, Mastercard, PayPal, stripe. We're doing a great job. And these companies are actually starting to set standards in a gentle commerce.
But what we need to not be doing is, uh, you know, writing laws to, to stop them, for example. You know, I'm the CEO of Argentina, which is doing a genetic advertising. Of course, as we know, advertising powers much of the free internet. Yeah. Um, it's really important to be able to, to allow these agents to understand more about the user, what their preferences are, to be able to act on our behalf, what they call the hand off.
Sure. Um, there's legislation now that's trying to stop agents from being able to get information about me personally. Right. So that's going to really stop us in our tracks to be able to, you know, be a leader in this next wave of, uh, of what we call agents of commerce.
Yeah. And absolutely, here at fintech TV, we talk about the intersection of payments as well as what's happening with financial services companies, especially with digital asset payments as well. So that is something that we will be paying attention to. But of course, that fine line between security, safety guardrails as well as innovation, what do you think needs to happen?
Yeah, I think it's trust and identity are the main pieces right. Need to have trust to be able to transact. So you're given access to an agent, to to your money, to your wallet. You trust it. And the agent also needs to have your, you know, something about your identity. Um, and, uh, you know, when you're buying that the agent buys that product, you know, where the product is being shipped, for example.
Um, so I think those are the two layers that really need to be figured out. And there's of course, um, some standards, you know, that, that some of the companies are pushing forward there. Um, and I think, like, I think really it's that standards that need to be figured out. And we've seen this before. Um, you know, in the.com boom area that SSL went out over as the sort of standard of trust, um, from a security standpoint.
So I think we're seeing these things play out. We kind of need to let them play out. You know, it's all about the free markets and letting them play out. So I think that's the main area. I think, um, in terms of what we're doing from the legislative standpoint, we need to to let that play out in the open market.
And finally, Frank, before I let you go, when it comes to AI monetization, particularly with the ad models that are out there, give us your take on what your vision is, right?
So at the end of the day, these agents are also going to be influenced, and they can be influenced by advertising, just like a human, maybe. And there may be, you know, a special offer that a specific hotel might want to give an agent to say, hey, you can get 20% off, or they may want to, you know, say, we know your rewards member of our rewards program, or we can give you a special discount.
So these are the type of things from an advertising perspective, really what I call like the intersection of advertising and commerce and AI, right. These are all sort of converging at the end of the day and starting to be a bigger, bigger part of our lives. So we kind of need to let that play out a little bit.
And of course, you know, there needs to be some some guardrails around that. But at the end of the day, like if we let this happen converge, my hope is that these agents are really able to help us and assist us in our in our day to day lives.
Well, Frank, it was great having you here. Thank you so much for joining us today. And thank you so much for weighing in.
Thank you, I appreciate it.
Yes.
