>>peteth+(OP)
> The fear is that these [AI] tools are allowing companies to create much of the software they need themselves.
AI-generated code still requires software engineers to build, test, debug, deploy, secure, monitor, be on-call, support, handle incidents, and so on. That's very expensive. It is much cheaper to pay a small monthly fee to a SaaS company.
>>latefo+G02
Other reason could be that investors think companies are going to lay off a lot of their staff and then that will decrease Saas revenue anyway.