Keep pulling the thread on Tobi Lütke.
Shopify is currently worth nearly $200 billion and generates about $10 billion a year in revenue.
Shopify requires its employees to reflexively use AI as a first pass for their work.
Other than President Harley Finkelstein, every executive at Shopify is a more recent hire, replacing the team from the pre-2021 period.
The gross merchandise volume (GMV) processed on the Shopify platform is approximately $400 billion annually.
Shopify's checkout is one of the top three busiest e-commerce checkouts in the world.
Shopify went public in 2015 with a valuation of less than $1.5 billion.
Shopify's revenue multiple increased from approximately 20x before COVID-19 to 70x during the pandemic.
Shopify CEO Tobi Lütke maintains a personal folder of prompts, which he calls his "Toby eval," to systematically test and judge the capabilities of every new AI model.
A Shopify customer selling rugs tripled their European sales by using AI tools to change product image backgrounds from Malibu beach houses to Parisian apartments.
OpenAI's GPT-3.5 model, which is now significantly inferior to models that can run locally on a phone, passed the Turing test with flying colors.
Plaid's financial network is used by one in every two Americans through apps like Robinhood, Venmo, and Chime.
The fundamental skill for using AI effectively is 'context engineering,' which is the ability to state a problem with enough context to be plausibly solvable without additional information.