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Wall Street is convinced AI will kill SaaS. History and economics say something else

After one Anthropic product demo sent software stocks tumbling 8%, Fortune examines whether AI will truly end the era of business software as we know it.

To many investors, the logic is simple: AI models, such as Anthropic’s Claude, will eliminate the need for specialized business software. Companies will just ask AI to perform the tasks currently handled by other vendors’ software, or they will ask A… [9107 chars]

Source: Fortune | Published: 2026-03-25T08:00:00Z

Credit: Fortune

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