- Lovable is reportedly in talks to raise $300 million, doubling its valuation from $6.6 billion to $13.2 billion.
- The funding round is expected to be led by Menlo Ventures, which recently launched a $3 billion fund.
- The startup has achieved a $500 million annualized revenue run rate and serves a variety of users, including large enterprises.
Westpac pushes for smarter AI usage amid rising costs
Westpac is enhancing its oversight of AI costs, encouraging staff to adopt more economical models for simpler tasks.
