Mistral CEO: more than 50% of enterprise software could switch to AI
Mistral CEO Arthur Mensch said at the India AI Summit that over half of enterprise software could eventually be replaced by AI, as models become capable of handling tasks currently managed by SaaS products.
The statement comes amid the broader SaaSpocalypse, with software stocks having lost roughly $2T in market cap over the past year as investors reassess which companies are vulnerable to AI disruption.
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