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Hello Techies,
Welcome to our Wednesday "Bit-Size Update" on how the week started in the AI Industry.
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Success is the child of audacity
Tip of the Day
Find your customers on Roku this Black Friday
As with any digital ad campaign, the important thing is to reach streaming audiences who will convert. To that end, Roku’s self-service Ads Manager stands ready with powerful segmentation and targeting options. After all, you know your customers, and we know our streaming audience.
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Once you’ve done this, then you can easily set up A/B tests to flight different creative variants and Black Friday offers. If you’re a Shopify brand, you can even run shoppable ads directly on-screen so viewers can purchase with just a click of their Roku remote.
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FEATURED PRODUCT
Qodo offers an AI-powered code generation and testing tool that helps developers better understand and write code and increase their codebase's test coverage.
Bit-Size AI Update
Lovable hits $200M Valuation
Swedish AI-coding startup Lovable just hit $200 million in annual recurring revenue, doubling its business in just four months. The milestone caps a remarkable year for the Stockholm-based company, which celebrated crossing $100 million ARR only in July.
What makes Lovable’s story particularly notable isn’t just the speed of growth. It’s CEO Anton Osika’s conviction that staying in Europe, rather than relocating to Silicon Valley, was key to the company’s success.
“It was tempting, but I really resisted that,” Osika said at the Slush conference in Helsinki. Despite consistent early advice to move stateside, he believed the company could build a global AI business from Sweden, and he’s been proven right.
Osika points to several advantages of the European base. The continent offers deep talent pools when you have a strong mission, and the slightly slower pace compared to Silicon Valley’s frenzy actually benefits product development. Rather than chasing every trend, Lovable has been able to focus.
The company also “flipped the script” by recruiting top talent from Silicon Valley companies like Notion and Gusto to work in-person in Stockholm, a reversal of the typical brain drain narrative.
Lovable’s open-source community has been another growth engine, with users actively contributing to product improvements and engaging in marathon Discord sessions to refine features.
The company raised over $225 million in venture funding since launching just a year ago, including a $200 million Series A in July that valued it at $1.8 billion. Accel led that round and has been a consistent supporter. Lovable’s rapid ascent comes amid explosive interest in AI-assisted coding tools. Competitor Cursor recently raised $2.3 billion at a $29.3 billion valuation, signaling that investors believe this category is just getting started. For European founders wondering whether they need to relocate to compete globally, Lovable offers a compelling counterexample: sometimes staying home is the smartest move you can make.
TOP PRODUCTS THIS WEEK
Chad - Automate your customer service with AI and self-served
Flora - Your intelligent
Tidio Copilot - Boost productivity without disrupting workflow
3PL Hub - Find a food-grade 3PL
Protexo - Instant Scam Detector
STOCK TRACKER
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