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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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Over the next year, Roku predicts that 100% of the streaming audience will see ads. For growth marketers in 2026, CTV will remain an important “safe space” as AI creates widespread disruption in the search and social channels. Plus, easier access to self-serve CTV ad buying tools and targeting options will lead to a surge in locally-targeted streaming campaigns.
Read our guide to find out why growth marketers should make sure CTV is part of their 2026 media mix.
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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.
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