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Fortune: Wall Street SaaSpocalypse Narrative Clashes With Economic History — Fed Data Shows 2.2 Hours/Week Saved, Not Industry Destruction
Fortune's March 25 analysis argues the SaaSpocalypse narrative — which wiped $285B from SaaS valuations after Anthropic's Claude Cowork legal demo — is repeating historical panic cycles from video cameras and desktop publishing. Federal Reserve Bank of St. Louis research shows generative AI users save 2.2 average work hours per week, with daily users saving 4+ hours. The article contends companies will continue outsourcing standardized functions to specialized SaaS vendors rather than building everything internally via vibe coding.
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