Instacart CEO Fidji Simo is working to reshape the company into a provider of e-commerce technology for supermarkets, following a significant drop in market value from $39 billion to just over $10 billion as consumer habits shifted back to in-store shopping post-pandemic. She faces the challenge of gaining support from both staff and Wall Street skeptics regarding this new vision.
Wordware, a San Francisco startup, has raised $30 million to simplify AI development, allowing users to create AI agents using natural language instead of traditional coding. With enterprise clients like Instacart, the platform aims to democratize AI development, drawing parallels to Microsoft Excel's impact on data analytics. The company plans to expand its offerings by 2025, targeting individual users for personal workflow automation.
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