Is the share market headed toward a ‘SaaS-pocalypse’ – and what would that mean?

Software companies are facing major disruption from AI and investors are pulling back, wiping off billions in value – but does it spell the end for software-as-a-service? Get our breaking news email , free app or daily news podcast After years of questioning whether artificial intelligence was creating a speculative market bubble, investors are now grappling with a new question: what if its hype is real?

The “SaaS-pocalypse”, a trending term to describe the recent and dramatic sell-off in global software-as-a-service (SaaS) shares, is based on the idea that AI becomes so advanced that software becomes redundant. Continue reading... Software companies are facing major disruption from AI and investors are pulling back, wiping off billions in value – but does it spell the end for software-as-a-service?

Get our breaking news email , free app or daily news podcast After years of questioning whether artificial intelligence was creating a speculative market bubble, investors are now grappling with a new question: what if its hype is real?

The “SaaS-pocalypse”, a trending term to describe the recent and dramatic sell-off in global software-as-a-service (SaaS) shares, is based on the idea that AI becomes so advanced that software becomes redundant. Continue reading...