"Vibe-coding, also known as AI-assisted coding, is the latest obsession among both tech giants and startups. The concept is simple: developers use natural language to instruct AI tools to generate code. Over the past several months, AI coding platforms have attracted millions of users and generated billions of dollars in revenue."
"Lovable, which launched in 2023, reached $100 million in annual recurring revenue in July, just eight months after earning its first million dollars in revenue, making it one of the fastest-growing startups in history. The Swedish startup is now valued at $1.8 billion and has raised a total of over $222 million, according to PitchBook."
"Lovable CEO Anton Osika said vibe-coding helps creatives without technical skills test their ideas. He told Business Insider that "super creative brains are our most dedicated users.""
Vibe-coding enables users to instruct AI in natural language to generate working code, allowing people without engineering expertise to prototype and launch products. AI coding platforms have attracted millions of users and produced substantial revenue for the industry. Lovable launched in 2023 and reached $100 million in annual recurring revenue by July, eight months after its first million, achieving a $1.8 billion valuation and raising over $222 million. The company’s largest clients are corporate customers, including Klarna and other major tech firms. Nontechnical, highly creative users are among the most dedicated adopters of these tools.
Read at www.businessinsider.com
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