"You could tell because there's a whole bunch of software companies whose stock prices are under a lot of pressure because somehow AI is going to replace them. It is the most illogical thing in the world and time will prove itself."
"The venture capital bubble and then the stock market bubble funded a fundamentally flawed, unsustainable model for too long. AI is the pin that is popping this inflated balloon."
"There's this notion that the tool industry is in decline and will be replaced by AI,"
"AI may change "what we built and who builds it," but tales of software's demise are just "nonsense.""
Investor fears about AI-driven disruption have pressured software stocks following new industry-specific AI plug-ins. Nvidia presents software as a tool that enables AI and identifies ServiceNow, SAP, Cadence, and Synopsis as resilient examples. Zoho characterizes the SaaS market as long vulnerable to consolidation due to disproportionate spending on sales and marketing and inflated venture and market funding, calling AI the catalyst exposing those weaknesses and urging constant preparedness for failure. Experienced engineering leaders warn that AI can change what is built and who builds it but reject predictions of software's wholesale demise.
Read at Business Insider
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