Shopify reports $581 million Q1 loss as AI drives over half of its coding

ctvnews.ca

Shopify reported a US$581 million Q1 loss, while emphasizing its deep integration of AI into operations. Over half of Shopify's coding is now AI-driven, allowing engineers to focus on higher-level tasks. This AI integration has enabled the company to launch numerous products and features without increasing headcount. The company has previously conducted layoffs as it pivots towards AI, with AI tools also being offered to merchants. Shopify's Q1 revenue increased year-over-year despite the net loss.


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