Top AI companies are reaching millions in revenue within a year – significantly earlier in the lifecycle than comparable technology companies outside of the AI sector, according to an analysis by payment provider Stripe. Specifically, the top 100 revenue-generating AI companies on Stripe’s platform took a median of 11 months to reach $1 million in annual revenue, compared to 15 months for the previous generation of SaaS companies.
However, according to a Goldman Sachs report, concerns remain about the viability of AI companies, as they are “no longer capital-light businesses” and require significant investments in computing infrastructure.
Source: Financial Times