AI startups are redefining how they calculate revenue, with some using token consumption rather than actual subscriptions to claim annual recurring revenue. Emergent, a Bengaluru-based vibe-coding platform, reported hitting 100M USD ARR in just eight months, but critics question whether this metric accurately reflects stable, recurring income. The practice of projecting revenue based on recent token usage instead of committed contracts is being dubbed 'vibe revenue run rate'. #India #Tech #AI #Emergent https://www.medianama.com/2026/04/223-explained-emergent-100-million-arr-claim-ai-startups-revenue/