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John Collison notes AI is lowering transaction costs within and between companies
Stripe's John Collison has shared insights on how a Coasean framework can be applied to artificial intelligence developments. He observes that AI is driving a reduction in transaction costs inside businesses, improving shared context, systems of record, and incentives. Collison also points out that AI agents are expected to sharply lower inter-company transaction costs, potentially transforming business interactions.
Collison has previously commented on technology shifts affecting business operations. In a discussion with Evan Spiegel, he noted Snap's transition from smartphones to smart spectacles. He has also highlighted how Stripe's user network is used to strengthen fraud detection efforts.
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