Silicon Valley investors say annual recurring revenue, a popular metric with AI startups, is unreliable because it lacks SEC definitions and can be inflated (Annie Bang/Bloomberg)

Annie Bang / Bloomberg: Silicon Valley investors say annual recurring revenue, a popular metric with AI startups, is unreliable because it lacks SEC definitions and can be inflated - The co-founder of Cluely - an Andreessen Horowitz-backed startup with the motto, “Cheat on everything” - ignited a controversy earlier …