Tearsheet

J.P. Morgan anticipates that success in agentic commerce will not come from the smartest AI agents, but from the institutions building the governance, permissioning, and trus...

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The ‘Letter from the Editor’ series features exclusive insight and opinion-driven analysis from Tearsheet editor Sara Khairi. The focus is on linking ideas, questioning assumptions, and tracking shifts across both mature and emerging trends in financial services.

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The financial services industry is obsessed with what AI agents can do. Can they search? Can they reason? Can they negotiate? Can they shop?

The answers are arriving faster than anyone expected. Agents can already browse websites, compare products, fill carts, and increasingly complete transactions. Every few weeks, a new demo appears showing an...

In the span of just twelve months, Anthropic has shifted from being one of several frontier AI labs to a gravitational center of the industry. The change is driven by a compounding sequence of capital inflows, enterprise adoption, and infrastructure-scale positioning that increasingly resembles platform formation rather than startup growth.

The clearest sign...