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Payments. AI. Commerce. Decoded. 236 articles and counting.

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Commerce · Jun 14, 2026 · 3 min read

AI agents change where shoppers start, not why they buy

The fear is that AI agents turn every product into a commodity and erase brands. The history of distribution says agents move discovery, not loyalty. The merchant who should worry is the one who only ever competed on being found.

Commerce · May 19, 2026 · 5 min read

Publicis Just Paid $2.2 Billion for the Data Layer Between Brands and AI Agents

Publicis is paying $2.2 billion for LiveRamp at a 29.8 percent premium, and the press release puts agentic commerce in the headline. This is the first ten-figure M&A move in agentic commerce, and it is not a network, a model, or a checkout. It is an identity graph. The deal lands two weeks after OpenAI handed checkout back to merchants and tells us where the value is actually accruing.

Commerce · Mar 8, 2026 · 9 min read

The Live-Service Graveyard: How an Industry Keeps Burning Billions and Burying Careers

Marathon is not the disease. It is the latest symptom of an industry addicted to a model that does not work.