Just read 2 bearish stories back to back on Bloomberg in depth tech newsletter this morning
First that Starbucks is dumping IBM and Oracle to use their own in house software tools
Second, Lyzr raising 20% of its valuation to build AI agents for enterprises (agentic AI will replace sales force like-tools)
Investing in software is scary as fuck right now. Not to mention Anthropic’s continued advances with their models.
What good news does anyone expect to turn this sector around? If at all