Renowned venture capitalist Marc Andreessen once declared that software was eating the world. Could it also swallow the bull market rally that has been running for more than three years?
Technology companies have, of course, been at the heart of the rally that started in October 2022. But concerns about how artificial intelligence giants such as OpenAI and Anthropic might squeeze out traditional software players, analytics companies, financial services and consulting firms by replicating their core functions have been building for months.
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