Shopify's blowout earnings show AI tools are paying off
From TLDR by Wealthsimple · subscribed via aiste.ulozaite@gmail.com · original ↗ · unsubscribe
While other tech giants struggle to justify their AI spending, Shopify is seeing major benefits. The company’s stock surged by 25% on Wednesday after it beat Q2 revenue-growth expectations (its fifth consecutive quarter of 30%+ growth), partly thanks to its AI tools — like one that helps merchants swiftly build their online storefronts. Its strong revenue from payment processing also strengthened its case to investors that it controls the plumbing of the e-commerce economy.
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