Software will eat AI! HSBC argues AI can’t threaten enterprise software

At a time when tech stocks are falling globally amid heightened uncertainties surrounding the impact of artificial intelligence (AI) on software companies, global financial firm HSBC believes AI will not kill the software industry, but the latter will be the primary mechanism for the diffusion of AI across the world’s largest enterprises.

HSBC, in its report on February 24, emphasised that “software is how the world’s largest companies controllably leverage AI.”