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The Guardian - AU
The Guardian - AU
National
Jonathan Barrett Business editor

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

Morningstar Wisetech Xero
A phone showing artificial intelligence apps
Speculation about artificial intelligence causing a ‘Saas-pocalypse’ has led to a sell-off of shares in software companies. Photograph: Samuel Boivin/NurPhoto/Shutterstock

After 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.

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