Analyst: Profit Growth Rate "Unprecedented" AI Application Enterprises Are Rising to Become Giants
Analyst: Profit Growth at 'Unprecedented' Pace, AI Application Companies Surging into Giants
via cnBeta.COM Chinese Industry News Site - Telegram Channel
Telegraph
Analyst: Profit Growth at 'Unprecedented' Pace, AI Application Companies Surging into GiantsAnalyst: Profit Growth at 'Unprecedented' Pace, AI Application Companies Surging into Giants. AI application startups, according to people familiar with these companies, are generating tens of millions of dollars in revenue thanks to their soaring user numbers. Lorenzo Chiavarini, head of research at Dealroom.co, said, "Many of these startups have reached $200 million in annual recurring revenue in less than a few years, at an unprecedented pace." According to data from Dealroom.co and Flashpoint, in 2024, startups developing AI - powered applications have attracted $8.2 billion in funding, an increase of 110% from the previous year. This financing boom indicates that popular startups developing AI tools...
