"All of these companies are kind of as motivated and moving as quickly as any startup. They've got amazing customer relationships. You've got everyone trying to run at the same speed, and I think that's exciting."
"If you're kind of long AI, and long startups, then it might even make sense, maybe, as a contrarian opinion, to be long legacy software, too."
"AI agents only make my company's software more attractive. With AI and AI agents, the coordination and efficiency of our tools are significantly enhanced."
Legacy software companies are actively incorporating AI technologies, countering fears from a recent stock sell-off. OpenAI's COO, Brad Lightcap, emphasized that these companies are motivated and moving quickly, akin to startups. He noted their strong customer relationships and the rethinking of customer journeys to serve new markets with AI. Despite a significant decline in software stocks, Lightcap and others believe that the integration of AI will enhance the attractiveness of legacy software, suggesting a potential contrarian investment opportunity in this sector.
Read at www.businessinsider.com
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