A Trillion Dollars in Transactions: What Criteo Sees That You Don't

Running an Australian eCommerce or Shopify store? Your customers have started shopping inside ChatGPT, and shoppers arriving from AI answer engines convert around 1.5x better than any other source.

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Online shopping has become… boring? A recent Criteo study found 77% of Australians describe online shopping as unexciting, and that's just the starting point for one of our most forward-looking conversations yet.

Ryan sits down with Matt Hurle from Criteo to unpack the findings of their latest report and what they mean for anyone running an eCommerce business in Australia. Matt brings 20 years in advertising, 15 in digital and 10 in martech, from cold-calling rural businesses out of the Yellow Pages to sitting at the front edge of AI-powered retail media.

The big theme: the path to purchase is no longer linear. Consumers are bouncing between publishers, retailer sites, social platforms and AI answer engines like ChatGPT, and increasingly starting their entire shopping journey inside those answer engines, at the very first spark of an idea. Criteo was the first technology company integrated with OpenAI via API and has already run 2,000+ campaigns in that environment. Early signal? Shoppers arriving from ChatGPT convert about 1.5x more efficiently than any other source.

We also get into the eternal marketer's tension Ryan sums up perfectly: "The thing I love about digital marketing is you can track every dollar. The thing I hate about digital marketing is you can track every dollar." Attribution, brand vs. performance, the resurgence of SEO (or GEO/AIO, whatever we're calling it this week), influencer strategy, and why customer support and honest reviews now beat polished influencer content for building real trust.

Key Takeaways

• The funnel is dead — long live discovery. Consumers now begin shopping journeys inside AI answer engines, far earlier than the traditional mid-to-lower funnel signals marketers relied on. Brands need to show up higher up the discovery journey.
• Commerce data is the new gold standard. Moving away from demographics and guesswork toward real commerce signals — what people add to cart, actually buy, and browse before and after. Criteo observes 1T+ in annual eCommerce transactions across 730M+ daily active shoppers.
• Show up across surfaces, not just your own. Criteo's independence means it serves ads on whichever "surface" (open web, ChatGPT, Meta, TikTok, Pinterest, X) is most likely to convert — not a walled-garden's owned inventory.
• ChatGPT shoppers convert ~1.5x better. They've researched and validated inside the answer engine, so trust is high by the time they land.
• SEO/GEO/AIO matters more than ever. As search shifts from keywords to full-sentence, conversational queries, rich product data and verifiable messaging determine whether you appear in AI answers — or get left out of the consideration set entirely.
• Trust beats polish. Verified reviews and genuine customer support now outweigh paid influencer content. 200 five-star reviews can be less trusted than a 4.7 average. Reply to bad reviews honestly. (Ryan's Nero merino example and Matt's Artisan chopping-board recall story both make the point.)
• Match the influencer to the job to be done. Celebrities drive reach and exposure; micro-influencers drive engaged, community-level trust and conversion. Different jobs, different tiers.
• AI answer engines stay out of sensitive categories. OpenAI keeps advertising away from health-related matters, directing people back to their GPs.