Kevin Marchetti
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Private credit lenders say their big software bet faces an AI reckoning — but not a ‘SaaSpocalypse'
AI is forcing a reckoning for private credit's huge software bet, with prominent investors telling CNBC that the technology will forge winners and losers, rather than wipe it out in the so-called "SaaSpocalypse." Private credit specialists at firms, including Ares and Man Group, told CNBC that AI would force lenders to distinguish between software companies that could adapt and those that would disruption. When concerns around the "SaaSpocalypse," or software apocalypse, emerged earlier this...