Business | Vibe valuing

AI valuations are verging on the unhinged

Unless superintelligence is just around the corner

Mira Murati speaks onstage
Thinking up a businessPhotograph: Getty Images
|SAN FRANCISCO|4 min read

Vibe coding, or the ability to spin up a piece of software using generative artificial intelligence (AI) rather than old-school programming skills, is all the rage in Silicon Valley. But it has a step-sibling. Call it vibe valuing. This is the ability of venture capitalists to conjure up vast valuations for AI startups with scant regard for old-school spreadsheet measures.

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This article appeared in the Business section of the print edition under the headline “Vibe valuations”

From the June 28th 2025 edition

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