Mentioned:
Shopify is embracing AI agents for e-commerce. Which is exactly why they’ve just struck a new deal with Meta Platforms.
What’s happening:
- Meta Platforms (NASDAQ: META) and Shopify (NASDAQ: SHOP) have formed a new partnership to allow Meta Platforms’ AI agent platform Muse buy from any Shopify store
Why it matters:
- This is the first major partnership that Shopify and Meta Platforms have done focused on leveraging AI agents
Going deeper:
- Muse finds products through the Shopify Catalog which is built on the Google-Shopify Universal Commerce Protocol and completes purchases with Shopify’s Shop Pay checkout wallet
- Muse has climbed to being the number one ranked free app in the United States on Apple’s App Store within two weeks of being launched and is available on iOS, Android, WhatsApp and the web to act as a personal AI agent
The intrigue:
- Meta Platforms has been continuing to pour capital into building out more data centre capacity to support their ambitions in artificial intelligence, including notably cutting a $14B USD deal with BlackRock (NYSE: BLK) to build a new data centre campus in El Paso, Texas
The fine print:
- No specific financial terms of the partnership between Meta Platforms and Shopify have been publicly disclosed
