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Robert Peston

๐Ÿ‘ค Speaker
773 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Here with more is Lillian Rincon, Google VP of Consumer Shopping Product.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

This is interesting because we're going from the domain of agentic AI and we're trying to take it to how consumers already use search, marry them in the context of retail.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

How does it work and why is it important?

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Yeah, so agentic tech is, you know, relatively new and we're really focusing on bringing agentic AI for consumer problems that really matter to consumers.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

And so, for example, taking the tedious parts of shopping and having agentic AI, which is AI that does things on behalf of the user.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

So, for example, with price tracking, you know, we have the scenario of you see a product, maybe the price is too high.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

You can track the price and we will auto buy the product for you.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

On the other hand, for example, let's say you have a particular product.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Let's say Labubu is one of the products of the season and you want to find it near you.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Do you have any evidence or data that this technology change results in an actual purchase or increases the likelihood that the consumer goes through with it?

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

I mean, anecdotally, we do see that consumers are really loving this in the sense that both consumers and merchants, actually, especially for the agentic calling, because it's allowing consumers to have more confidence, let's say, that the product is actually in store.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

There are some that perhaps don't want others' agents coming and making purchases.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

They want that direct relationship.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

We've seen reports of Amazon doing a cease and desist on perplexity because of payments being made.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

How do you think you'll navigate the ecosystem in that way, Lillian?

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Yeah, it's a great question.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

You know, I think all of this agentic technology is very nascent.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

And again, at Google, we're really starting with what are those real problems that consumers have and always giving consumers control of the experience.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

Which is that a lot of times people will see a product, maybe it's too expensive.

Bloomberg Tech
AI Funding Frenzy Continues with Cursor, Thinking Machines

We let you track the price of the product.