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Search results for SaaSpocalypse

AI & Enterprise

Big tech steps up push into physical AI

Big tech companies are moving faster into so-called physical AI that applies AI in the real world, including robots, cars and drones, as they seek to secure an early lead in a market seen as smaller than chatbots for now but with high potential. Nvidia, AWS, SoftBank, Anthropic and Xpeng are among those expanding initiatives. South Korean companies and institutions are also stepping up projects, funding and partnerships, even as concerns persist about data shortages and reliability.

AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.

AI & Enterprise

Salesforce CEO says \'SaaSpocalypse\' is nonsense, AI will not erode SaaS

Salesforce has pushed back against market fears of a \"SaaSpocalypse.\" CEO Marc Benioff said the view that AI will erode the software-as-a-service business lacks basis and that advanced models rely on CRM rather than replace it. Salesforce shares jumped more than 12 percent on strong quarterly results and guidance above expectations. Benioff said 9 of the top 10 AI companies use Salesforce and Slack, with their platform spending up 435 percent year on year.