Nathaniel Whittemore

Josh JDJ Kelly on Twitter wrote, I can work with Claude Code while out on a walk.

Speaking of agentic coding, Replit is projecting massive growth to reach a billion dollars in revenue by the end of next year.

Speaking with Business Insider, CEO Amjad Massad said that the AI coding startup has reached 240 million in ARR and expects that to quadruple next year.

The company's growth this year has been absolutely skyrocketing, gaining more than 10x from their 16 million in ARR at the end of 2024.

The company now has over 150,000 paying customers and over 40 million free users.

And while at this stage, all those free users mean that the consumer segment is unprofitable, Massad boasted that enterprise margins are close to 80%.

This follows the same profit model that other AI companies are currently pursuing.

The consumer segment is a loss leader due to large volumes of free users, but building familiarity with consumers means they demand access to the same tools at work.

Massad said that the surging revenue was largely due to adoption in mid-sized companies including Duolingo and Zillow.

He said, Replit is kind of replacing a lot of the no-code, low-code tools which never really work very well.

They get initial productivity boosts, but a lot of times that ended up actually slowing down a lot of companies.

Whatever the case, they are seeing enough growth that they are pushing forward their expectations.

This article came about after Business Insider saw a leaked investor memo that gave the billion-dollar projection for 2027.

Speaking of growth, after a spike in downloads this month, could Meta's AI app actually be gaining traction?

According to similar web data, Meta's standalone AI app now has over 300,000 downloads per day, up from around 100,000 in mid-September.

In addition, the app now has 2.7 million daily active users, up from 775,000 last month.

And while SimilarWeb said they hadn't seen any meaningful collation with either search or advertising volume, however, they noted that Meta could be promoting the platform on Facebook or Instagram, which aren't included in SimilarWeb's data.

The other possible explanation is that Meta's new vibes feed has been more of a success than people gave it credit for.

The AI generated image and video feed was released September 25th and decried by many as the introduction of infinite feeds of AI slop.

However, the spike in downloads and daily active users both do line up with the introduction of that feed.