As of September 8, 2026, with the continuous expansion of the artificial intelligence industry, the issue of the credibility of its revenue growth data has become increasingly prominent. Business Insider reports that investors are showing growing skepticism towards the revenue figures claimed by companies in this field.
投资者对支撑 AI 繁荣的收入声明日益怀疑。VCs 指出，AI 初创公司虚报年度经常性收入（ARR）的情况令人不安，该指标被滥用导致合同订阅、未来交易及硬件销售界限模糊。Array Ventures 合伙人 Shruti Gandhi 称存在"ARR 通胀”且缺乏问责，Scale Venture Partners 合伙人 Alexander Niehenke 认为这反映了牛市末端的过度风险容忍度。尽管 Cluely CEO Roy Lee 曾承认误报 ARR，但此类情况多为个例；由于初创公司监管宽松，收入声明极少被验证。