Robert Peston

What is it that you are having to build within your business model?

So when someone asks Lavable to build them a new piece of software or just a presentation, a demonstration of something that they think the business should be doing, we are, of course, consuming compute to power the AI.

And that costs a significant amount.

But Lovable has healthy unit economics.

And now what we're looking to do is to just do everything we can to drive as much value for all of our customers.

And that's going to require us to invest in the new offices that we're opening and to take care and teach customers that are using Lovable how to get the most value out of the product.

Anton, when you hear the anxiety in the public markets, that companies are over-investing, that we're not seeing the AI rewards yet in the timeframe that we need to for the amount of money that's going on capital expenditure, what do you say to that?

So, when AI initiatives are being pushed into a company top-down, then I think there's often a risk that the expectation is wrong.

Someone hasn't used the tools themselves.

What we're seeing with Lovable is that it's all being adopted bottoms-up.

So people come to the lovable website, they build an application, publish it online or privately to their own company, and then they see value and then they start paying.

So I think there's a lot of different things happening in AI.

And if you're considering making buying decisions, you should yourself use the technology and understand yourself how it can affect your business outcomes or your personal life.

And at Lovable, we're seeing companies like Microsoft, Klarna, a large part of Fortune 100 companies adopting this new demo, don't memo, where anyone in the company builds software to take the company forward.

Demo, don't memo.

Wonderful to see it being born out of Sweden, expanding here in the United States.

Lovable CEO, Anton Asika, we thank you so much for your time today.

Now, another key story we're all digesting is Microsoft and Nvidia announcing investment in combined $15 billion into Anthropic.

In return, Anthropic will be committing to purchase $30 billion of computing capacity from Microsoft's Azure cloud service.

Mandeep Singh and Bloomberg Intelligence breaking down what is, again, a circular deal here.