Lovable has rapidly achieved $100 million in annual recurring revenue just eight months after reaching its first $1 million, marking it as the fastest-growing startup globally. With over 10 million projects built and 100,000 new projects created daily on the platform, Lovable has introduced a major product update featuring Lovable Agent as the default setting. This update enhances the platform's ability to handle complex software development tasks by acting like a real developer, interpreting requests, exploring codebases, and integrating with external tools for actions beyond coding. Agent mode facilitates faster, more accurate project execution, reducing errors by 91% and allowing for real-world integration tasks such as web browsing and image generation. The pricing model is designed to be cost-effective, with credits required per task varying based on complexity, and users can switch back to a legacy mode if preferred. This evolution in software creation is aimed at encouraging users to tackle more ambitious project ideas without the need for detailed step-by-step guidance.