News Summary

Shopify CEO Tobi Lütke has announced a new company policy that emphasizes the use of artificial intelligence (AI) before considering new hires or resource allocation. In a memo shared with employees and later publicly, Lütke stated that AI usage is now a baseline expectation for everyone at Shopify. Employees must demonstrate that AI cannot perform their tasks before requesting additional headcount or resources. The policy aims to integrate AI into the prototyping phase of projects and includes AI usage in performance reviews. This move aligns with Lütke’s optimism about AI’s potential to enhance productivity, as evidenced by Shopify’s acquisition of AI-powered retailer search startup Vantage Discovery. Following the announcement, Shopify’s stock showed signs of recovery after a recent market downturn.