‘SaaSpocalypse’ Risk From AI Reaches Beyond Private Equity
Bloomberg's Paula Seligson said that specific subsets of the software industry are especially at risk from the 'SaaSpocalypse' — the selloff of companies based around 'software-as-a-service — as artificial intelligence replaces software functionality for things like data visualization. Seligson said that right now investors are trying to figure out the reality of the risk around the 'SaaSpocalypse' and which companies most vulnerable. (Source: Bloomberg)
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