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Tata Consultancy Services CEO K Krithivasan has pushed back on the AI-fuelled panic sweeping through global software stocks, calling the notion that large language models will simply replace enterprise software “a far-fetched thing.” Speaking to Bloomberg, Krithivasan was direct. “Will the whole value chain be replaced by an LLM? That’s not going to happen,” he…
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 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…
