News Analysis: Yes, Software is Still Eating the World

▤ Summary

Enterprise software stocks tumbled as investors recalculated the value of seat-based SaaS after rapid releases of highly autonomous agents. The piece argues the traditional subscription/seat model ties growth to labor and becomes limited once AI can execute routine work, shifting scale from people to compute. It highlights the need for systems that ground models in enterprise context—a coordinating business graph or operating system that orchestrates actions across apps—and says trust, policy, explainability, and governance are essential for safe autonomy. The article predicts capital will migrate from tools that digitize human effort toward platforms that can autonomously run operations while keeping humans accountable.

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