The Hidden “S” in “SaaSpocalypse”

I like AI and have been working with the technology for over a decade. It’s been exciting, interesting, and inspiring — until recently.
As I write this in mid-February of 2026, software stocks are in freefall and social media is inundated with videos of AI company CEOs predicting the looming collapse of the software industry.
They tell us the story we’ve heard on loop for two years:
















