So, Canada Has AI Stocks, Eh?

Shopify is using AI in several different areas of its business. For example, it uses generative AI to help vendors write compelling product descriptions. All the user has to enter is a simple, factual description of what their product does or is. Shopify then uses ChatGPT-like language models to turn that basic factual description into a compelling product description.

Shopify seems to be doing well with its AI-powered tools. Its revenue increased 23% last quarter, and its free cash flow was positive. Overall, this is one of Canada’s most exciting tech stocks.