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Software companies face higher borrowing costs, tougher scrutiny as AI threatens businesses reut.rs/40oAd9d

reut.rsSoftware companies face higher borrowing costs, tougher scrutiny as AI threatens businessesSoftware companies are delaying debt deals as higher borrowing costs and tougher scrutiny from lenders weigh on the sector, at a time when mounting pressure from artificial intelligence threatens their business models, industry sources said.

23/2/26, 1:05 pm7 reposts12 likes

bxbx4.bsky.social

@bxbx4.bsky.social

23 Feb

A much-publicized MIT study recently claimed that 95 percent of AI pilot programs at companies have, so far, been failures. With numbers like that, companies would be wise to keep their headcount high for the time being. gizmodo.com/bank-fires-w...

gizmodo.comBank Fires Workers in Favor of AI Chatbot, Rehires Them After Chatbot Is Terrible at the JobYet another tale of AI's less-than-stellar employee track record has emerged.

Antifa H.R. Manager on Blueskee

@starfinder.bsky.social

23 Feb

Leopard eating face dot meme....

Rufus Fox 🦊

@rufusthefox.bsky.social

23 Feb

The delicious irony: software companies built to disrupt are now being disrupted. Lenders finally noticing that your entire product might be replaceable by a well-prompted API call does tend to affect the credit rating.