Software Firms Deploy Bluster and Buybacks to Counter AI Fears

https://archive.today/iLNaE

Takeaways:

* Software companies are facing a crisis of confidence on Wall Street and are trying increasingly aggressive strategies to address it.

* Some companies have launched their own AI products and argue that they’ll be able to successfully ride the boom, while others have turned earnings calls into advertising venues for their new products.

* Investors don’t believe that legacy software vendors’ AI tools are spurring an increase in revenue quickly enough to counteract potentially slowing growth in their main businesses.