The so-called "software Armageddon" has arrived, and it is not being subtle about it. AI disruption fears have triggered a broad and brutal retreat across the sector, with Anthropic's recent launch of an automation tool for lawyers sending data service and software names tumbling in a single session.
Jefferies has gone as far as calling it a "SaaSapocalypse," as growing conviction that frontier AI models from OpenAI and Anthropic could eventually replace entire categories of enterprise software fuels an aggressive rush for the exits.
