Chamath Palihapitiya suggests that large enterprise software companies with deep customer relationships will eventually benefit from the shift toward AI.

“Those guys, I think, are positioned to crush because eventually, Jason, the next trade that has to happen is when the public markets become a little bit less breathless about AI and they ask one simple question. Okay, guys, you've spent $3 trillion in the last four years. What is the ROI”

Marc Benioff views the current market re-rating of enterprise software as a standard cyclical event rather than a sign of industry failure.

“There are cycles. You know I've been doing Salesforce for 27 years enterprise software for 40 and the market's rerated.”