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User Interface (UI) design serves as the critical link connecting users with digital products, culminating in seamless and delightful experiences. UI design is more than just entertaining visuals; it’s the magic wand that transforms digital interactions into seamless and pleasant experiences. Whether you’re a seasoned UI design expert or someone just beginning to explore this […]

The post Unveiling Inspiring UI Design Examples and Insights appeared first on Usability Geek

Shares of Shopify (NYSE: SHOP) are skyrocketing in early-morning trading after the company announced its Q3 2024 results, which beat expectations. As of the time of this writing, SHOP stock is up an impressive 23% to above $110 per share. 

However, Shopify’s stock isn’t on fire only because of its good Q3. There are some other reasons why Shopify is exciting investors this morning. Here’s what to know:

Shopify’s ‘outstanding’ results

Shopify would probably disagree with the statement that the company had a good Q3. As the company’s president, Harley Finkelstein, said in a press release, the results were “outstanding.”

Why was the quarter so outstanding? A big part of it was the company’s Q3 revenue, which came in at $2.16 billion. That represents a whopping 26% year-over-year growth rate from Q3 2023.

As Reuters notes, it even surpassed many analysts’ lofty expectations of $2.11 billion in revenue, leading to the ninth time in a row that the company has beat analyst expectations on sales.

Not only did Shopify beat analyst expectations again, but its 26% revenue growth for this quarter marked “our sixth consecutive quarter of greater than 25% revenue growth excluding logistics,” Shopify CFO Jeff Hoffmeister said.

In a slide deck, Shopify also announced that as of Q3 2024, the company had facilitated $1 trillion in global sales since the platform’s inception and that it now has a 10% share of the U.S. e-commerce market.

Okay, but why did Shopify have such a good Q3?

As also noted by Reuters, Shopify attracted more merchants to its online e-commerce platform this quarter. One of the attractions for the merchants seems to be a new artificial intelligence tool Shopify started rolling out in June called Sidekick.

Sidekick is an artificial intelligence assistant currently in early access for some merchants. Shopify says the AI bot “will act as your very own advisor, guiding you with tailored, skilled advice to make your business stronger.”

It does this by shouldering some of the mundane but necessary tasks that any businessperson needs to do to manage their business. Sidekick can help easily keep track of a merchant’s inventory, generate myriad reports that reveal new insights about your business, and even suggest ways to attract more customers to a storefront.

Sidekick is in addition to another AI tool Shopify offers, this one called Shopify Magic, which helps merchants create product images for their wares, write product descriptions, and even help them generate FAQs for their stores.

These AI tools are making it easier than ever for customers to manage their storefronts, and their availability is clearly a draw for some merchants.

The future looks promising, too

But Shopify’s stock isn’t only surging because the company had a terrific Q3. If anything, investors seem most excited about what the company has predicted will happen next.

Shopify’s current quarter, Q4, is arguably the most important of the year for the company and its merchants. This is the all-important holiday shopping quarter—and Shopify has anounced it has strong hopes for the period.

The key metric that Shopify has forecast is its revenue expectations for Q4, which the company says it expects will “grow at a mid-to-high-twenties percentage rate on a year-over-year basis.”

That’s music to investors’ ears, as it means Shopify expects it may do even better in Q4 than its just-completed outstanding Q3. That revenue growth estimate is also more than the 22.7% revenue growth many analysts were expecting, noted Reuters.

A resurgent stock

Shopify’s stock started 2024 with prices hovering in the high seventies before dropping to the low sixties over the summer. But since the beginning of the fall, SHOP shares have been on an upswing. Today’s 23% surge means SHOP shares are actually up over 38% year-to-date.

However, despite the resurgent stock, SHOP shares are nowhere near their all-time high of above $152 per share. Those highs were achieved in mid- to late-2021 when e-commerce was enjoying a pandemic boom as more people preferred online shopping over brick-and-mortar stores.

President-elect Donald Trump’s pick to lead the Environmental Protection Agency (EPA) plans to “pursue energy dominance” to “make the United States the artificial intelligence capital of the world,” he said in an interview with Fox News on Tuesday.

Looking forward to getting straight to work as part of President Trump's Cabinet to unleash US energy dominance, make America the AI capital of the world, bring American auto jobs back home, and so much more. pic.twitter.com/zGGLIRMrd6

— Lee Zeldin (@leezeldin) November 12, 2024

Trump announced Monday that he would nominate former New York Rep. Lee Zeldin to helm the nation’s top environmental agency, which regulates emissions, when he takes office in January. During Trump’s third presidential campaign, he spoke often of deregulating industries and ensuring environmental protections aren’t hampering businesses.

“[Zeldin] will ensure fair and swift deregulatory decisions that will be enacted in a way to unleash the power of American businesses, while at the same time maintaining the highest environmental standards,” Trump said on his social media platform, Truth Social, when announcing the appointment.

Trump’s last go-round in office had wide impacts on the environment. He picked a coal lobbyist to lead the EPA, rolled back more than 100 environmental protections, and exited the Paris climate accord.

It now appears that making sure AI and its energy-sucking data centers won’t be held back are top of mind for the incoming leader. Artificial intelligence is notorious for requiring massive compute to train systems. That, in turn, increases carbon emissions. Goldman Sachs Research estimated in May that data center power demand will grow 160% by 2030 as the AI revolution gathers steam and efficiency gains wane.

The Biden administration has also embraced artificial intelligence. The Department of Defense and Department of Homeland Security conducted AI pilots to address vulnerabilities in government networks, the Department of Justice and Department of Education worked to combat AI-generated image-based sexual abuse, and the administration issued a first-ever National Security Memorandum on AI “to ensure the United States leads the world’s development of safe, secure, and trustworthy AI.”

LG Electronics' latest CineBeam Q Portable Laser Projector punches above its weightless in an ever-growing infrastructure of moving image displays.

Audiophiles have a new DAC for on-the-go use, in the form of the new cassette-inspired Fiio KA15 – which is small enough to be a keyring.

I want these AI-Mushroom Sleeping bags to be a real thing. Please!

This is a funky boot. I like.

What precisely will come of the acquisition, no one outside Apple knows. At a minimum, Apple will be acquiring top engineering talent in the image editing space, but it's an opportunity for the imagination to run wild.

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Sharon Horgan's black comedy/drama "Bad Sisters" is back for a second season, but how does it compare to the first? Review.

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