Spellbook CEO Scott Stevenson exposes inflated ARR practices among AI startups

Google's current AI spending is among the largest in the world, and comes at a time when the battle between OpenAI and Anthropic, the two largest AI startups in the world, inches closer towards a trillion-dollar IPO face-off.

Some AI startups are stretching traditional revenue metrics when talking about progress publicly. And their investors are fully aware.

While Anthropic and OpenAI pursue $1 trillion IPOs, India’s AI landscape remains stagnant. Local startups face challenges in developing foundational models, leading to continued reliance on US technology and limited advancements in the sector.

Founders are blurring ARR with future contract revenue to boost headline numbers, according to Spellbook CEO Scott Stevenson.

Google wants AI startups on its cloud and has showcased a long list of them at its annual conference.

The government capital program joins other sovereign AI financial initiatives around the world.

A lot of AI startups exist partly because the foundation models haven't expanded into their category yet. As many jokingly acknowledge, that won't last forever.

In a bid to minimize dependence on technology from other countries, the UK government is plowing resources into homegrown AI startups.