AI Agent · Cathie Wood · CoinDesk
Cathie Wood confirms smart investors need to start watching where AI agents spend money
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Cathie Wood has spent years telling investors to “follow the developers” when trying to figure out where technology is headed next.
Key facts
- Chalom said open blockchains such as Ethereum ETH $2,692.10 could provide a common financial network that different agents, apps and companies can use
- A person might authorize an agent to spend up to $500 booking a hotel, for example, without giving it unlimited access to a bank account
- In a post last month, Joseph Chalom, co-CEO of SharpLink and the former head of digital assets at BlackRock, argued that the financial system used by AI agents should not end up controlled by several
- Cathie Wood has spent years telling investors to “follow the developers” when trying to figure out where technology is headed next
Summary
AI agents are moving beyond answering questions toward taking actions and spending money, raising new questions about what financial infrastructure they will use. Stablecoins and blockchains could become payment rails for agents buying data, computing power and other digital services, according to experts. The emerging battle is over whether agentic finance develops on open networks or becomes concentrated among several banks, payment providers and technology platforms. “We’re probably going to be talking more and more about ‘follow the agents,’” Wood said during a panel at Robinhood’s Summit in Houston on Wednesday.