Is the share market headed toward a ‘SaaS-pocalypse’ – and what would that mean?

Software companies are facing major disruption from AI and investors are pulling back, wiping off billions in value – but does it spell the end for software-as-a-service?Get our breaking news email, free app or daily news podcastAfter years of questioning whether artificial intelligence was creating a speculative market bubble, investors are now grappling with a new question: what if its hype is real?The “SaaS-pocalypse”, a trending term to describe the recent and dramatic sell-off in global software-as-a-service (SaaS) shares, is based on the idea that AI becomes so advanced that software becomes redundant. Continue reading...