Mikhail Parakhin has been appointed as the new Chief Technology Officer of Shopify, a global leader in e-commerce. Parakhin, a seasoned expert in artificial intelligence and machine learning, has previously served as the CTO of Yandex and headed Microsoft's AI advancements. Parakhin will now be responsible for the engineering and data organizations at Shopify, ensuring that the company remains at the vanguard of commerce innovation. Shopify CEO Tobi Lütke expressed his reverence for Parakhin's expertise, emphasizing that his leadership will expedite the company's endeavors to incorporate state-of-the-art AI and ML into its platform.
At Yandex, Parakhin has developed a variety of search engines and cloud services, in addition to creating products such as Microsoft's Copilot. After a leadership reshuffle in the AI division, Parakhin opted to pursue new opportunities and departed from Microsoft. The inclusion of Parakhin is perceived as a significant victory for Shopify's growth and its ongoing commitment to AI-driven innovation, as the company continues to expand, having exceeded $1 trillion in cumulative gross merchandise volume.
