Databricks CEO Reportedly Highlights Existential Risk to SaaS Days After IT Market Crash
Just a week after the software and IT services-led market crash, Databrick CEO has reportedly offered insights into how artificial intelligence (AI) can shape the industry. Last week’s stock sell-off occurred after Anthropic announced new built-in plug-ins for Claude Cowork, an AI-powered automation tool for enterprises. It was said that these plug-ins, which allowed the company’s AI agent to handle software-as-a-service (SaaS) operations without human intervention, created a panic of AI replacing enterprise products among retail investors.
