Zoho founder Sridhar Vembu says AI is shaking SaaS amid IT stocks slide triggered by Anthropic tool

The Saas(Software as a Service) industry worldwide is proceeding towards a consolidation due to the arrival of artificial intelligence. This also means the upending of long-standing business models according to Zoho founder Sridhar Vembu. Replying to a post on ‘X’ Sridhar Vembu that the financial markets are increasingly becoming bearish on the SaaS perspectives in this era AI-assisted coding.

Additionally the spread of AI-assisted coding phenomenon like Vibe coding have only added fuel to the fire. Sridhar Vembu argues that the sector’s core economics are increasingly becoming fragile even the before the complete maturity stage of AI.