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The Zhitong Finance App learned that Canadian e-commerce platform Shopify (SHOP.US) announced better-than-expected second-quarter revenue and third-quarter performance guidelines, indicating that the company's investment in artificial intelligence (AI) is attracting more merchants to use its e-commerce service system, which is expected to ease investors' previous concerns about emerging AI tools increasing competition in the small business market — these AI tools are already putting pressure on Shopify's stock price.
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The Zhitong Finance App learned that Canadian e-commerce platform Shopify (SHOP.US) announced better-than-expected second-quarter revenue and third-quarter performance guidelines, indicating that the company's investment in artificial intelligence (AI) is attracting more merchants to use its e-commerce service system, which is expected to ease investors' previous concerns about emerging AI tools increasing competition in the small business market — these AI tools are already putting pressure on Shopify's stock price.
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