This article discusses the shift in software valuation as AI-generated code commoditizes traditional software models. It argues that while many SaaS companies are losing value, a new context layer is emerging, which captures organizational knowledge and enhances software utility, ultimately driving new value in the industry.

This article discusses the sharp drop in investor confidence in SaaS companies, driven by concerns over retention rates and future terminal values. Current revenue multiples are at a decade low, reflecting skepticism about the sustainability of the SaaS business model amid rising competition and technological shifts.

This article discusses how AI agents are changing the role of legacy SaaS systems. It highlights the limitations of these systems in adapting to workflows that span multiple platforms and suggests that future value creation will come from AI instead of human users. The piece also touches on the valuation metrics for SaaS companies.