home All News open_in_new Full Article

Stripe CEO says AI startups are growing faster than SaaS ever did and calling them wrappers ‘misses the point’

In its annual letter released Thursday, payments giant Stripe declared that it was “seeing an AI boom” with its data revealing that artificial intelligence startups are growing more rapidly than traditional SaaS companies have historically. In a chart, Stripe showed that the top 100 AI companies (by revenue) were able to achieve $5 million in […] © 2024 TechCrunch. All rights reserved. For personal use only.



Stripe's annual letter highlights rapid growth of AI startups, with the top 100 AI companies achieving $5 million in annualized revenue in 24 months, compared to 37 months for top SaaS companies in 2018. Examples include Cursor, Lovable, and Bolt. Stripe co-founders argue against labeling these startups as "LLM wrappers," emphasizing the value of industry-specific AI tools.

today 2 h. ago attach_file Technology

attach_file Science
attach_file Politics
attach_file Technology
attach_file Technology
attach_file Politics
attach_file Events
attach_file Politics
attach_file Events
attach_file Politics
attach_file Technology
attach_file Events
attach_file Economics
attach_file Politics
attach_file Politics
attach_file Economics
attach_file Politics
attach_file Politics
attach_file Economics
attach_file Economics
attach_file Politics


ID: 3536584804
Add Watch Country

arrow_drop_down