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Shopify CEO Tobi Lütke says AI has added trillions in value

1 article1 sourcesince Nov 3Last article 1h ago · Nov 3, 8:00 PM ET

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Shopify CEO Tobi Lütke says the AI industry has already added probably trillions of dollars in new objective value to Earth.

He attributes that value to doing matrix multiplications and floating-point math much faster and in a particular way, a capability that existed for a long time before its potential was realized. The claim comes from a post by Alex Heath on X; no supporting data or methodology is reported.

Written by AI from the articles below · updated Nov 3, 8:28 PM ET

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Latest developmentNov 3, 8:00 PM ET

Shopify CEO Tobi Lütke says AI's value was hidden in floating-point math

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Nov 3

8:00 PM
Alex Heath@alexeheathX
Shopify CEO Tobi Lütke says AI's value was hidden in floating-point math
AIShopify CEO Tobi Lütke says the AI industry has already added probably trillions in new objective value to Earth. He argues that value came from doing matrix multiplications and floating-point math much faster and in a particular way, a capability that existed for a long time before its potential was realized.

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