Emily Glassberg Sands leads data and AI at Stripe, which processes roughly 2% of global GDP, giving her a bird’s-eye view into how AI is upending the internet economy.
Dan Shipper talked with Glassberg Sands for Every's AI & I about what the data on Stripe's network actually shows: AI companies are scaling three times faster than the top SaaS cohort of 2018, fraud has moved from the checkout to the full funnel, and agents have started buying things, although mostly low-stakes commodities like Halloween costumes.
The conversation covers the new fraud types unique to AI companies, the AI-on-AI arms race between bad actors and fraud detectors, where AI revenue growth is actually coming from, and how Stripe is rebuilding the payments infrastructure for a world where the buyer is an agent.
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Timestamps
00:00:45 Introduction
00:01:27 New rules for an agent-driven economy
00:03:57 Compute theft is the new payment fraud
00:10:00 How Stripe expanded fraud detection from checkout to the full customer lifecycle
00:19:48 Why AI companies are scaling way faster than top SaaS companies
00:23:27 Outcome-based billing is replacing seat-based pricing
00:29:57 Where AI spending is coming from
00:36:45 How the developer experience changes when agents are the builders
00:41:00 The agentic commerce spectrum, from assisted buying to autonomous purchasing
00:51:06 Meet Link, a consumer wallet for delegated agent purchases
Links to resources mentioned in the episode:
Emily Glassberg Sands on X: https://x.com/emilygsands
Stripe: https://stripe.com
Stripe Radar: https://stripe.com/radar
Stripe Link: https://link.com
Lovable: https://lovable.dev
