Amid this whirlwind of upheaval and excitement, however, nothing has dominated recent market discourse quite like the sharp shift in sentiment away from the software sector — an episode that is currently still unfolding, and which has been widely dubbed the “SaaSpocalypse”.
While only a short time has elapsed since our last AI portfolio update, much has happened across the tech landscape.
Some developments have been expected, such as Big Tech’s rising capex spend, now projected to reach around US$650 billion this year. Other developments have been more ground-breaking, notably the Google-Yale AI model that is reported to have discovered a novel method for identifying cancer cells. Others yet have been downright strange: for example, the viral launch of Moltbook in January, an “AI-only” social network for AI agents that was soon exposed as consisting mostly of humans masquerading as AI agents.
