Swedish AI startup Lovable valued at 130B SEK after rapid growth

Lovable, a Swedish AI startup, has grown from a workshop to a platform for businesses, attracting investors and reaching a valuation of 130 billion kronor. Founders Osika and Hedin claim sufficient funding and highlight revenue growth, while critics raise concerns about AI risks and revenue routing abroad. The valuation marks a significant milestone for the European AI sector, though sustainability of growth remains uncertain.