1170: Why the ‘SaaS-pocalypse’ Changed the CFO Conversation | Michael Perica, CFO, Rimini Street
Michael Perica had been discussing the market implications of AI with investors for a number of years, but the market didn’t fully react—until one particular moment. In late January and early February, a wave of announcements around enterprise-focused AI models and workflow plugins triggered what has become widely known as the “SaaS-pocalypse.” In a single day, roughly $258 billion in SaaS market value disappeared, he tells us.
For Perica, the episode confirmed something he had already been sensing in conversations with investors and clients. The traditional path to enterprise…
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