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Nicolas Bustamante
@nicbstme
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CEO @Fintoolx (Equity Research Copilot) | prev. founder @Doctrine (acquired). Value investing & BJJ πΊπΈ
San Francisco
Joined January 2022
Soon fixed.
Federal employee retirements are processed using paper, by hand, in an old limestone mine in Pennsylvania. 700+ mine workers operate 230 feet underground to process ~10,000 applications per month, which are stored in manila envelopes and cardboard boxes. The retirement process takes multiple months.
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Shopify's AI and LLM Product Highlights: 1. AI-Powered Tools for Merchants: - Shopify has integrated AI into several merchant-facing tools, such as Sidekick, Media Editor, Shopify Inbox, and Semantic Search. These tools aim to make merchants more successful by streamlining operations and enhancing productivity.2. AI Partnerships: - Shopify has partnered with @perplexity_ai to power search results across its product catalog and with OpenAI to leverage APIs for internal operations.3. Internal AI Utilization: - AI is being used internally to improve developer efficiency and enhance customer support. For example, AI handles low-complexity support tasks like domain configuration and password issues, allowing support teams to focus on higher-quality interactions.4. Shopify's Vision for AI: - Shopify is positioning itself as a leader in the AI-driven commerce era, emphasizing the transformative potential of AI in its platform. The company plans to deepen investments in AI tools like Sidekick to help merchants scale faster and improve decision-making.5. AI-Powered Search Integration: - Shopify launched its first AI-powered search integration with Perplexity, enabling new ways for buyers to find merchants.6. Shop Pay and AI: - The Shop Pay commerce component, which leverages AI, has seen significant adoption among enterprise brands. In 2024, GMV from this component surged nearly 20x, with brands like Crocs and GameStop adopting it.7. Shop App Enhancements: - The Shop App, which integrates AI for personalized shopping experiences, has seen its GMV grow 6x in the past two years. Recent updates include a personalized shopping feed and cart syncing, which allows users to complete abandoned checkouts through the app.Key Takeaway: Shopify is heavily investing in AI and LLM technologies to enhance both merchant and buyer experiences, positioning itself as a leader in AI-driven commerce. Info from @fintoolx
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RT @wintermoat: I will die on the hill that $goog's first super bowl ad here is one of the best TV ads of all time. Was slightly worried Opβ¦
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@TechFundies @fintoolx I see. I prefer the one-shot right answer in 1sec with source from filings. But maybe I'm too paranoid!
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