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BENGALURU: A sharp selloff in global software stocks over the past month has reignited a basic question for founders, investors and customers alike: what happens to the economics of software-as-a-service when AI makes building and maintaining software dramatically cheaper?Advances in GenAI, autonomous agents and AI-assisted coding are forcing a rethink of long-held assumptions about SaaS…
A sharp selloff in global stock markets wiped out about $285 billion in market value in a single day after Anthropic launched its new AI tool called the ‘SaaSpocalypse’. America’s biggest bank JPMorgan said the fall reflects a deeper shift in how investors view software companies, especially as concerns around artificial intelligence grow. In a…
US markets traded mixed on Wednesday as renewed selling in technology stocks — led by a sharp fall in Advanced Micro Devices — weighed on sentiment despite gains in several non-tech sectors, according to AP.Advanced Micro Devices plunged 15.7% even after reporting stronger quarterly profit than analysts expected and issuing revenue guidance for early 2026…
A swift market reaction, dubbed ‘SaaSpocalypse,’ saw software stocks plummet by $285 billion after Anthropic’s AI assistant, Claude Cowork, launched new plugins. The legal workflow automation plugin, in particular, triggered a selloff in legal tech and broader software sectors. Analysts now fear AI platforms are becoming direct competitors to existing software providers. Anthropic’s newly launched…
Recently, Madhu Gottumukkala, the Indian-origin acting director of the US Cybersecurity and Infrastructure Security Agency (CISA), came under fire after uploading sensitive government contracting documents into the AI model ChatGPT. The documents were marked “for official use only” and were not meant for public release. They were not classified, but the incident triggered internal security…
Zoho founder Sridhar Vembu has said that falling software stocks are creating a major opportunity for Indian IT services companies, as he questioned high valuations and business models of large global software firms. In a post shared on social media platform X, the Zoho founder said many software companies were “massively over-valued” and are now…
Workday CEO Carl Eschenbach has dismissed concerns that artificial intelligence (AI) will affect software business models. He called such fears overblown, despite his company cutting over 1,700 jobs last year as part of an AI-focused restructuring. In an interview with CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, Eschenbach said, “It’s an…
Microsoft is now having thousands of its software engineers test Anthropic’s Claude Code alongside its own GitHub Copilot. This move signals growing confidence in AI coding tools, with even non-technical staff encouraged to experiment. Nvidia’s CEO also recently urged engineers to embrace AI coding assistants, highlighting a significant industry shift. Microsoft is asking thousands of…
AI generated image for representation A Google principal engineer named Jaaana Dogan has almost gone ‘viral’ along with her post on how AI has transformed coding in the last one year. In a post on X, formerly Twitter, Dogan wrote, “I’m not joking and this isn’t funny. We have been trying to build distributed agent…
The first trailer of ‘Jana Nayagan’ was released on Saturday amid massive fan frenzy. Directed by H Vinoth, the high-octane trailer of the film starring actor-politician Vijay, had fans brimming with excitement, with the launch coming just days ahead of the film’s theatrical debut next weekend. Vijay launches ‘Jana Nayagan’ trailer The 2-minute-52-second trailer premiered…
