Miguel Afonso Caetano"The point I’m making is fairly simple: the whole “AI SaaSpocalypse” story is a cover-up for a much, much larger problem. Reporters and investors who do not seem to be able to read or use software are conflating the slowing growth of SaaS companies with the growth of AI tools, when what they’re actually seeing is the collapse of the tech industry’s favourite business model, one that’s become the favourite chew-toy of the Venture Capital, Private Equity and Private Credit Industries.
You see, there are tens of thousands of SaaS companies in everything from car washes to vets to law firms to gyms to gardening companies to architectural firms."
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Soundtrack: The Dillinger Escape Plan — Black Bubblegum To understand the AI bubble, you need to understand the context in which it sits, and that larger context is the end of the hyper-growth era in software that I call the Rot-Com Bubble. Generative AI, at first, appeared to be the panacea
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