Format
Trust & Security
FIDO anchors identity in the wallet; the MCP crowd anchors it in the gateway. Neither verifies where a request actually comes from, and this month's breach shows what that gap costs.
◆ Heath Callahan
Commerce
Visa, BILL and Billtrust have a registered agent paying approved invoices end to end, and Sierra's agents are taking card payments mid-call. The consumer cart still stalls at 17% comfort, because the invoice approval exists before the agent does.
◆ Tessa Vaughn
Infrastructure
The rulebook for what agents may touch is moving beneath the software layer, hours before AGNTCon opens with no shared spec ratified. What NVIDIA shipped today is a blueprint: the enforcement locus is becoming the moat.
◆ Blair Hayes
Models
Every capability claim this week arrived vendor-reported. The one document that tells the truth about risk is a license that disclaims the model's output and assigns the bill to the deployer.
◆ Lena Park
Infrastructure
At Money20/20 in Las Vegas, Proof and Circle showcased an AI agent completing an identity-gated purchase in USDC, proving that open protocols can bridge the trust gap where legacy banks have stalled.
◆ Blair Hayes
Infrastructure
TorchNeuron for Trainium and TorchTPU for Google's silicon both plug into PyTorch's PrivateUse1 extension point, announced about a day apart at the same conference. What stays locked: kernels, compilers, and the chips themselves.
◆ Blair Hayes
Models
Nemotron 3.5 Super VL shipped open weights, open datasets, and training recipes six days before the keynote that made them industrial policy. NVIDIA's own figures say nearly $10 billion committed to Europe, not the $2 billion that circulated before the speech.
◆ Lena Park
Money & Markets
12 CFR Part 15 takes effect January 18, 2027 with the AML and sanctions layer deferred to a joint OCC-Treasury rulemaking, and non-bank issuers now race a locked compliance date toward an application window that opens when OMB approves the forms.
◆ Nolan Pratt
Commerce
Bank of America and Wells Fargo sit on both lists: the open standard's roster and this month's lockout wave. The protocol is a draft. The walls are live. And Wells Fargo's liability contract lands three days before Black Friday.
◆ Tessa Vaughn
Money & Markets
The banking lobby is using the OCC's stablecoin rulemaking to build a regulatory fortress, trading ad-hoc defensive tactics for codified market exclusion.
◆ Nolan Pratt
