Software bankruptcy filings on the way

And this could be big... in a bad way.

Most adults remember the period 2007-08. The great global financial crisis of those years arose because mortgages and mortgage derivatives were the horse that the whole of the developed world's economies rode upon. That horse was over-loaded and in due course it died.

What is the horse now? On some accounts, a certain sort of software firm, one in the business of selling "software as a service", or SaaS for short, has taken on that role. Equities in these companies, the "app" economy if you will, are the new mortgages. Loans to those companies are the new mortgage derivatives. It is all, again, an overburdened horse.

But what will general artificial intelligence (GAI) do to them? Could its very generality make most of the specific apps that are so important today seem obsolete and pointless? How much wealth will be destroyed if that is the case? Do we face a SaaSpocalypse?

The St Louis based law firm Thompson Coburn has said this: Zombies in the Cap Table and the So-Called SaaS Apocalypse | Thompson Coburn LLP - JDSupra

I leave you for today with that cheerful thought.

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