Amid software fears, Anthropic CEO says: ‘We’re not here to destroy anyone’

Anthropic CEO Dario Amodei has sought to reassure Wall Street investors, asserting that his frontier artificial intelligence (AI) lab has no intention of dismantling traditional enterprise software companies. Addressing long-standing investor concerns that generative AI tools will make traditional Software-as-a-Service (SaaS) business models obsolete, Amodei emphasised that the company views the expansion of AI as a mutually beneficial, collaborative evolution across the technology sector.“We're not interested in destroying anyone. We think of this as a very positive sum thing, right?," Amodei said, appearing alongside Salesforce Chief Executive Officer Marc Benioff on CNBC.What is 'SaaSpocalypse' and how Wall Street reacted to itWall Street anxieties peaked in late January following Anthropic’s unveiling of plugins for Claude Cowork, an announcement that sparked widespread sell-offs dubbed the “SaaSpocalypse” and erased roughly $1 trillion in market value across the software industry in a single week.However, established software providers have mounted a strong recovery.