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Approximately 85% of IREN Limited's targeted $4 billion AI Cloud ARR is backed by signed multi-year contracts, materially improving revenue visibility. Customers now prepay roughly 45% of GPU ...
A.R. Rahman, the two-time Oscar-winning Indian composer behind “Slumdog Millionaire” and “127 Hours,” is launching ARR Immersive, an app bringing his decade of immersive storytelling work to Apple ...
Yipit estimates that Anthropic’s ARR has increased to $69 billion. It also noted that the pace of month-over-month ARR growth accelerated compared with May, with the average daily increase rising from ...
Last month, Scott Stevenson, co-founder and CEO of the legal AI startup Spellbook, took to X in an effort to expose what he called a “huge scam” among AI startups: inflation of the revenue figures ...
Specifically, Stevenson’s tweet concerned the misuse of a revenue metric common in the AI startup world. Annual recurring revenue, or ARR, is meant to show the annualized value of recurring ...
The co-founder of Cluely — an Andreessen Horowitz-backed startup with the motto, “Cheat on everything” — ignited a controversy earlier this month after confessing to lying to a reporter about his ...
You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Lovable, a Swedish vibe-coding startup valued at $6.6 billion, saw its torrid growth accelerate even ...
George Kurtz, CEO, highlighted that "AI is driving elevated demand for the Falcon platform and is a key accelerant for our business," emphasizing record net new ARR of $331 million for the quarter, a ...
Anthropic PBC is on track to generate annual revenue of almost $20 billion, a projection based on current performance, more than doubling its run rate from late last year — a sign of the AI company’s ...