Oct 19, 2026 · 44 min · 10 segments
Who decides what an AI agent may do? We examine banking restrictions and Amazon's dispute with Meta's Muse, then turn to enterprise economics and infrastructure lessons from AI Field Day 9. AMD…
Stephen FoskettGuest
Yvette SchmitterGuest
Guy CurrierGuest
Tom HollingsworthGuestMike VizardHostWell, let's just jump into this because we're all supposed to be living in this new AI-gentic economy, but a funny thing happened along the way.
A bunch of banks came out and said, no, you're not going to let people use their AI agents to do transactions.
And then it got a little weirder, too, because Amazon said they couldn't use the meta agent.
And there's a whole bunch of other websites out there that are saying the same thing.
So suddenly, what's going on here? But I thought we were all supposed to be living in this happy world where my agent is going to do all my shopping and there's going to be all these B2B transactions.
Well, well, well, the enchanting economy has plenty of horsepower, but it's stalling at the door.
Like if you've seen like over the past couple of weeks, months, every chip vendor at OCP, especially last week, built racks for millions of agents and the company's holding millions.
So read the fine print with the banks, folks, because the banks drew a very specific line.
JP Morgan, Citibank, Bank of America, and Schwab are all stopping outside agents from logging in with your credentials and moving in.
So Citi still lets customers grant limited read-only access to some of their banking providers.
Schwab's CEO said that the block 10, I think 10 to 20 unauthorized, they block 10 to 20 unauthorized agents a week.
And he asked the question, the whole industry still owes all of us an answer.
Who's liable? Like who? Like who? I mean, because if you look at the box, all the risk is on you.
So the one thing I want to really call out on this one is that If you look at the math, just deposits sits right behind it because Apollo Stortz and Slock puts roughly $1.6 trillion, with a T, in non-interest-bearing deposits at J.P. Morgan, Bank of America, and Wells Fargo within the reach of agents.
Well, let's just jump into this because we're all supposed to be living in this new AI-gentic economy, but a funny thing happened along the way.
A bunch of banks came out and said, no, you're not going to let people use their AI agents to do transactions.
And then it got a little weirder, too, because Amazon said they couldn't use the meta agent.
And there's a whole bunch of other websites out there that are saying the same thing.
So suddenly, what's going on here? But I thought we were all supposed to be living in this happy world where my agent is going to do all my shopping and there's going to be all these B2B transactions.
Well, well, well, the enchanting economy has plenty of horsepower, but it's stalling at the door.
Like if you've seen like over the past couple of weeks, months, every chip vendor at OCP, especially last week, built racks for millions of agents and the company's holding millions.
So read the fine print with the banks, folks, because the banks drew a very specific line.
JP Morgan, Citibank, Bank of America, and Schwab are all stopping outside agents from logging in with your credentials and moving in.
So Citi still lets customers grant limited read-only access to some of their banking providers.
Schwab's CEO said that the block 10, I think 10 to 20 unauthorized, they block 10 to 20 unauthorized agents a week.
And he asked the question, the whole industry still owes all of us an answer.
Who's liable? Like who? Like who? I mean, because if you look at the box, all the risk is on you.
So the one thing I want to really call out on this one is that If you look at the math, just deposits sits right behind it because Apollo Stortz and Slock puts roughly $1.6 trillion, with a T, in non-interest-bearing deposits at J.P. Morgan, Bank of America, and Wells Fargo within the reach of agents.
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