Markets

Marc Benioff goes on the offensive: ‘This is not the SaaSpocalypse’

Marc Benioff is going on the offensive about the so-called SaaSpocalypse.”This nonsense of this SaaSpocalypse, I think it’s time for it to stop,” the Salesforce CEO said during the company’s second-quarter earnings call on Wednesday.Benioff used the call to push back on fears that AI threatens traditional software companies.”Our seats…

The winners and losers of Meta’s  billion settlement

On Wednesday, Meta reached an agreement with attorneys general across states, Washington, DC, and US territories that had brought claims the design of the company’s apps had harmed children. The company will pay up to $18 billion in penalties and alter its apps to potentially limit the amount of time…

Stanley Druckenmiller’s AI writing has split Wall Street down the middle

When Stanley Druckenmiller speaks, markets listen. When the legendary trader uses AI to craft his message, investors can’t stop talking.Druckenmiller has said he used AI to help write his viral op-ed in the Wall Street Journal this week. In the piece, he criticized Scott Bessent, the US Treasury chief and…