AI Revenue Comes In Hot. But Can It Stick?

Like all metrics, revenue has always been a number that represented something deeper, a simple explanation for something far more granular.

I don’t know what your social media feed looks like these days, but mine is filled with March Madness, memes, and a relentless catalog of AI startups’ impressive (and rapidly attained) revenue figures. Here is a very incomplete selection of what I’m talking about here:

In less than three years, Midjourney’s annual recurring revenue (or ARR) soared from z…