Relevant anecdote from Bill Gurley's talk: https://youtu.be/7PkWc-IDTHk?si=p8AUBHqXa76HuA6A&t=3228
"If the the average CIO is committing 10 or 15% of their budget to AI. If you're not in that you're getting shrunk."
That's a good point. Lots of software companies are trying to become AI companies, not because they believe they are truly AI, but because CIOs are willing to invest in AI, so everything must become something that can fit in that budget.
This will crash in 1-2 years as CIOs realize most of this is useless, because at that point all software will be "AI Software" according to the marketing department, and we'll reset to CIOs making decisions on some other metric, such as a guy they met at a conference.