Core Insights - Speak has achieved a significant milestone by surpassing $100 million in Annual Recurring Revenue (ARR), making it the first known AI language learning product to reach this level [1][2] - Despite being far from industry giant Duolingo's $1 billion annual revenue, Speak's growth trajectory indicates strong market demand for AI-driven language learning solutions [2] Company Performance - Speak's downloads have exceeded 15 million, with a daily retention rate of approximately 40% [2] - Since entering the B2B market, Speak has acquired over 500 corporate clients, including notable companies like KPMG and Hyundai [2] - The majority of Speak's users, both B2C and B2B, are based in South Korea, where the service is primarily purchased for employees [2] Market Trends - The demand for AI language learning products has surged, with other products also experiencing rapid growth; for instance, another AI speaking practice product saw its ARR increase over 20 times in four months, from around $1 million to over $5 million [5][10] - New entrants like Supernova, an AI English learning product from India, are also emerging, targeting users in smaller cities with a focus on affordable and pressure-free English speaking practice [5][6] Product Features - Speak's core features include 24/7 AI tutors that allow users to practice speaking anytime without the pressure of human judgment [6] - The product supports multiple native languages, which lowers the learning barrier for beginners and enhances user comfort [6] - Personalization is emphasized across products, with tailored practice paths and instant feedback based on user proficiency and progress [10]