AI May Accelerate Global Commerce by Reducing Transaction Uncertainty
An analysis compares AI with credit cards, which supported global commerce in a relatively mundane way by reducing the risk of transactions. The ability to dispute a payment gave buyers more confidence that they could recover their money if an order did not arrive.
AI could similarly help consumers judge whether a product fits their needs, is fairly priced, will arrive on time, and comes from a reliable seller. A sufficiently confident assessment could lead someone to make a purchase slightly sooner.
If this effect is repeated across many people, the analysis suggests it could gradually speed up the machinery of global commerce. The scale of the effect and its impact on total trade are not measured.
