AI Agents Are Already Changing the Price of Goods

00:00:02 Speaker 1: Bloomberg Audio Studios. 00:00:04 Speaker 2: Podcasts. Radio. 00:00:06 Speaker 1: News. 00:00:18 Speaker 3: Hello and welcome to another episode of the All Thoughts Podcast. 00:00:21 Speaker 4: I'm Tracy Allaway. 00:00:22 Speaker 5: And I'm Joe Wiesenthal. 00:00:23 Speaker 4: Joe, have you tried Muse yet? 00:00:26 Speaker 5: Muse. Actually, I did use it. 00:00:29 Speaker 2: And I found it to be very impressive on day one. And it actually saved me several thousand dollars because it identified something in email that I had missed. But then I haven't used it since. And I've actually seen the stats. A bunch of people installed it and usage is tailed off. But it was like, whoa, this is very powerful. 00:00:48 Speaker 4: And what did it identify? 00:00:49 Speaker 2: It was dealing with something with my house or something. And someone sent me a long email. And it was so long that I didn't bother to read the last paragraph. And it turned out there were some important details. 00:00:59 Speaker 1: In that paragraph. 00:01:00 Speaker 3: Okay. 00:01:00 Speaker 4: So it read for you. 00:01:02 Speaker 5: Yeah, it read for me. 00:01:03 Speaker 4: All right. 00:01:04 Speaker 3: I thought you were going to say something about the actual wallet and shopping aspect. Because one of the things that's being pitched when it comes to Muse is this idea, well, now you have a personal shopper kind of at your fingertips. And so there's A democratization of shopping where you can tell the agent to go out and find deals for you and scan thousands of prices and come up with, I guess, the best opportunity for you. 00:01:29 Speaker 5: No, it's totally true. 00:01:30 Speaker 2: You know, obviously, look, we've had like price comparison engines before, whether it comes to like airlines, you know, booking.com, compare prices and so forth. But obviously, like this idea of like this complete end to endness, it may get to the point or they hope to get it to the point where it's like it orders the trip before you knew you wanted to take a trip or whatever. Like possibilities like that. I still think and this I think this will be very temporary. Like it doesn't quite work in the sense that for many things, if you buy them online through an agent, it does this weird thing where it like opens a browser. Then the mouse moves really slowly in there. I don't think that's like the future of commerce as a computer using a browser that was designed for humans. Nonetheless, the broad premise clearly is going to be a bigger and bigger deal in our lives. 00:02:20 Speaker 3: Now, the flip side of buyers having AI powered shopping solutions is that. The sellers also have them, right? And this has been going on for some time. We've talked on the show before about …