The SaaSpocalypse Is Here
Intuit has lost a third of its market cap since January. Adobe and IBM are bleeding too — IBM dropped $40B in a single day after Anthropic announced Claude can now read and translate COBOL code. The thesis: AI agents like Claude Cowork can now do bookkeeping, file taxes, and reconcile accounts without anyone touching a software product. Pay-per-seat SaaS may be over. The new model is "service-as-software" — you pay for outcomes, not tools. Conten
VentureBeat | [Link](https://venturebeat.com/infrastructure/intuit-is-betting-its-40-years-of-small-business-data-can-outlast-the)