The AI gold rush: Startups hitting milestones at warp speed

Welcome to the world of AI companies, where revenues grow faster than in the tale of magic beans! According to the latest analysis by Stripe, AI companies aren’t just growing—they’re skyrocketing. Here are a few facts:

1. AI startups need only 11 months to reach $1 million in revenue. Their “older brothers” from the SaaS world need 15 months for this.

2. Want $30 million? AI companies can do it in 20 months. SaaS startups would have to wait FIVE times longer!

3. More than half of AI startups’ revenue (56%) comes from abroad.

What does this mean for us, mere mortals?

Firstly, if you have an idea for an AI startup, now is the perfect time to implement it.

Secondly, we are witnessing the birth of a new economic reality. AI isn’t just changing the way business is done—it’s changing the very speed at which a business can become successful.

But there’s a flip side to this coin. Such rapid growth could lead to market overheating. Remember the dot-com bubble? What if we’re on the verge of an AI bubble?

And lastly: what will happen to traditional businesses? Will they be able to compete with companies that go from idea to multi-million dollar revenues in just a year?