TLDR Tech / Fintech
The SaaSpocalypse: the week AI killed software
A sudden selloff wiped roughly $285B from software stocks after Anthropic and OpenAI showed AI agents replacing entire SaaS workflows, shifting value from per-seat UIs to outcome-driven automation. The real inflection came from agents escaping chatboxes, longer autonomous task horizons, and enterprise-grade governance, unlocking measurable ROI at firms like Goldman Sachs and Norges Bank. The new moat is unique data and strong APIs, while commoditized dashboards face structural repricing as the “seat” model breaks down.
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