The “SaaSpocalypse”: Something big (and scary) is happening in AI

Concerns about AI disruption have plagued the economy for years. But in recent weeks, the release of vastly improved software tools from AI companies has sparked a dramatic sell-off in technology stocks.

Investors who fear AI could make some companies obsolete are calling it the “SaaSpocalypse” as the selloff has hit software-as-a-service companies.

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