eBay CEO Jamie Iannone boasted to Wall Street that he is using generative AI to save on the number of customer support agents that are needed to respond to issues between buyers and sellers.
Speaking at the Morgan Stanley Technology, Media & Telecom Conference on Monday, Iannone said eBay is using generative AI (artificial intelligence), and it can fundamentally change how eBay works as a business.
"eBay gives a lot of customer support between buyers and sellers. That customer agent sometimes had to read like a 12-paragraph email where somebody explained it. We would hire someone to read that. Now, we have AI read that email, write the initial response, fundamentally changing the pace of how we work, and the pace of innovation."
While Wall Street analysts and investors generally express approval when ecommerce companies lower costs (and raise fees), buyers and sellers tend not to be as enthusiastic about such moves.
The week before the Morgan Stanley presentation, eBay's CEO had talked more generally about how eBay was using AI during its 4th quarter-2023 earnings call on February 27th, revealing that eBay receives over a million self-service queries a week and stating, "in a customer service perspective, AI is incredibly helpful there."
"In our customer support centers, we've been using AI to really change the level of engagement we have with customers and the productivity," he had said.
Generative AI is in its early stages, but Iannone said he believes with eBay's vast decades' worth of data, AI is already proving useful.
From a seller's perspective, have you noticed any difference in the customer service experience, for better or for worse?