The extinction or the adaptation: how AI will impact SaaS market

In early February, SaaS stocks lost almost $300 billion in market cap in a single day. For some firms, such as Thomson Reuters, the drop reached 16%, the largest decline in their long history.

This fall was triggered by a single AI product from Anthropic. The company released the Claude Cowork plugin, which replaced dozens of SaaS systems with a unified interface. Users could generate legal documents or receive customer analytics just using one prompt.

Already heavily engaged in the AI race, investors saw a new opportunity that had largely been overlooked before. Claude Cowork showed that AI could disrupt the comfortable world of SaaS.

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