Shopify, a global e-commerce giant, recently revealed new features at its semi-annual Editions showcase, enhancing its platform with AI capabilities and expanded financing services. These updates include a revolving, interest-accumulating borrowing facility, complementing existing loans and cash advances.
Shopify Plus plan merchants will benefit from semantic search, which goes beyond keywords to understand search intent. Additionally, AI tools will enable store owners to effortlessly edit product photo backgrounds. Shopify’s focus on AI and merchant financing is evident, as its Capital service sees increased lending, offering easier access than traditional banks.
CEO Tobi Lütke emphasizes Shopify’s strength in integrating AI, already evident in their product-description and email writing tools.
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