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Lovable Achieves $6.6 Billion Valuation In Latest Funding Round, Cementing Its Dominance In Vibe Coding

Lovable’s Latest Milestone

Swedish vibe coding startup Lovable has secured a staggering $6.6 billion valuation in its most recent funding round, a development that reflects the company’s exponential growth and innovation in the tech sector. This new valuation more than triples the $1.8 billion achieved in July, marking a significant breakthrough within just months.

Strategic Investments And Trusted Backers

Leading the round is U.S.-based venture capital firm Accel, a long-time supporter of AI initiatives and emerging startups. Notably, U.S. investor Khosla Ventures has also participated, reinforcing the broad support from high-caliber backers. Previous rounds saw contributions from premier investors such as Creandum, Klarna founder Sebastian Siemiatkowski, ElevenLabs founder Mati Staniszewski, and Synthesia founder Victor Riparbelli, underscoring widespread confidence in Lovable’s vision.

Transformative Impact In Vibe Coding

Since its inception in 2023, Lovable has revolutionized the development landscape by enabling users to build apps and websites using text prompts, powered by advanced AI models from providers like OpenAI and Anthropic. This pioneering approach has fostered an ecosystem where over 100,000 projects are launched daily, effectively democratizing the process of software development.

Global Expansion And Rising Competitiveness

With headquarters in Stockholm, Lovable is extending its footprint into key markets by opening offices in Boston and San Francisco. This strategic expansion comes as the sector witnesses a surge in investor interest, mirrored by recent high-profile deals involving U.S. tech innovators like Anysphere, Replit, and Vercel, which have all achieved multi-billion-dollar valuations.

Looking Ahead

Positioned at the forefront of the AI-driven coding revolution, Lovable is set to redefine the technical development landscape. Its robust growth trajectory and strong investor backing highlight a future where innovative technologies continue to dismantle traditional barriers, paving the way for even greater advancements in the industry.

EU Mercosur Agreement Sparks Political Battle Over Cyprus Agriculture

A political battleground emerged in the Parliamentary Agriculture Committee’s latest session, as fierce debates broke out over the controversial trade deal between the European Union and Latin American nations under the Mercosur framework. Lawmakers voiced deep concerns regarding food safety and the prospects for local agriculture, particularly following the high-profile absence of the Minister of Trade.

Minister Absence And Parliamentary Integrity

Committee Chair Giannakis Gabriel expressed strong disapproval over the Minister’s no-show, noting that the extraordinary session was scheduled at midday at the Minister’s own request. “His absence undermines the authority of the parliament,” Mr. Gabriel declared. Given that the Minister is not abroad, it was expected that he would be present to clarify why Cyprus supported an agreement widely criticized as disadvantaging the agricultural sector.

Trade Deal Under Scrutiny

In his address, A.C.E.L General Secretary Stefanos Stefanos described the pact as a “dangerous agreement” imposed under the pressure of multinational conglomerates. He especially critiqued the contrasting sanitary standards whereby, while the EU bans our farmers from using certain pesticides and antibiotics, the Mercosur deal appears to allow imports produced with these very substances. His remarks underscored the possibility of double standards in safety measures and the potential long-term impacts on Cypriot agriculture.

Economic And Safety Concerns

Legislators questioned the basis of government studies that justified backing the agreement, even as Cyprus’ agricultural sustainability is increasingly threatened by water scarcity and soaring production costs. Representatives from various political factions pointed to insufficient controls over import volumes and tariff structures. For example, Christos Orphanidis (DIKO) demanded precise data on imports from Latin America, citing honey as a case in point, and pressed for clear explanations regarding the tariff regime.

Legal And Health Implications

Questions about legal authority were raised by Elias Myriantounos (EDEK), who inquired whether parliament can reject or amend the agreement should economic studies forecast negative outcomes. Environmental advocates, like Haralambos Theopemptou of the Movement of Ecologists, emphasized the need to safeguard traditional products such as halloumi, highlighting concerns over how rigorous food safety controls will be maintained. Meanwhile, Linos Papagiannis (ELAM) cautioned against unfair competition, drawing parallels with challenges posed by lower-standard goods from occupied territories.

Protecting Local Interests

The overarching message from lawmakers was clear: the future of Cyprus’ farming community and the well-being of its citizens should not be sacrificed at the altar of commercial trade. Agricultural organizations have voiced alarm over the importation of goods potentially contaminated with banned substances, the risk of market distortion by low-quality products, and the lack of localized impact studies. They argue that the agreement is biased in favor of select corporate interests, ultimately undermining consumer safety and the livelihood of European farmers.

As this debate continues to unfold, the outcome of these deliberations will be pivotal in determining not only trade policy but also the long-term economic and food security landscape of Cyprus.

Parliamentary Committee Session
Economic Impact Discussion

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