AI tool generates half a billion dollars in revenue; meet Lovable

An artificial intelligence (AI) tool has been gaining prominence and has already surpassed the US$500 million mark in annualized revenue after almost three years of creation. THE Lovable is a European startup that invests in an area that ChatGPT, for example, never dared to step into: website development through prompts.

The projection is that the company’s revenue will reach the level of US$ 1 billion by August this year, according to TechCrunch.

More than 50 million projects have already been created through the platform and .

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AI tool generates half a billion dollars in revenue; meet Lovable

Users don’t need to be technical. In fact, the company offers the possibility of producing websites from scratch using specific commands.

According to the company, its clients are founders, designers and salespeople who create websites and virtual stores, as well as internal tools such as CRMs, inventory systems and HR platforms.

However, the company is still far from the achievements it achieved after three years of its creation.

Still, partners can consider themselves satisfied. That’s because co-founders Anton Osika, 35, and Fabian Hedin, 26, . Forbes estimates their net worth at US$1.6 billion (R$8.2 billion).

For Hedin, the highlight is even greater: he consolidates as one of the youngest people to build Europe’s own fortune. He is part of a list of just 12 “self-made” billionaires under the age of 30.

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