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