Lovable: $100M in 30 Days With Just 146 Employees
3-minute read.
In today's newsletter:
- Caught using smart glasses to cheat in court
- Babbel's spring sale: 60% off lifetime
- Lovable: $100M in 30 days with just 146 employees
- Investors fear Dubai won’t be the same after attacks
- One more thing: AI fraud just cost a company $25M, insurance might not cover it
Caught Using Smart Glasses to Cheat in Court
Laimonas Jakštys, a claimant in a London High Court case, was caught using smart glasses to get answers during testimony.
Lawyers noticed delays and odd audio, and when he removed them, a voice played from his phone, showing he was being fed answers in real time.
He blamed ChatGPT, but the judge called it not credible.
His testimony was thrown out, the case was decided against him, and it raised concerns about using wearable tech to cheat in court.
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Lovable: $100M in 30 Days With Just 146 Employees
Lovable, a Swedish AI startup, said it added about $100 million in revenue in one month with only around 146 employees.
It builds tools that let people create apps using text prompts and has reached about $400 million in annual recurring revenue.
This is unusual because most software companies need far more employees.
Lovable is doing it with a small team using AI and is now signing large companies like Klarna and HubSpot.
Investors Fear Dubai Won’t Be the Same After Attacks
Drone and missile attacks linked to Iran hit Dubai and other parts of the UAE, raising concern among investors.
A strike near Dubai Airport stopped flights, while other attacks hit oil sites in Fujairah and Abu Dhabi, causing damage, injuries, and at least one death.
Investors are concerned because Dubai has long been seen as a safe global hub.
The attacks disrupted travel and damaged infrastructure, shaking confidence in tourism, investment, and business.
One More Thing
AI Fraud Just Cost a Company $25M:
Insurance Might Not Cover It.
Read.
Disclaimer: This newsletter is for informational purposes only. Details may change or come from third-party sources; always do your own research and consult a qualified professional before making decisions.
