AI Helps Solo Founder Build Medvi, Eyeing $1.8 Billion in Annual Revenue

OpenAI CEO Sam Altman has predicted that generative AI will sharply reduce the staffing needed to launch a business, making it possible for one person to run a company valued at or generating $1 billion. Medvi has drawn attention as evidence that AI can already support core functions including product development, operations and B2B procurement.

Matthew Gallagher founded Medvi in two months with $20,000, using AI tools including OpenAI’s ChatGPT and Anthropic’s Claude. Recent reports say the company’s projected annual revenue could reach $1.8 billion, making it an important example of the “one-person billion-dollar company” moving from a tech-industry prediction to a real-world business outcome.