SaaSpocalypse Has Already Begun

Anthropic released AI plugins for Claude Cowork on January 30, 2026, automating tasks in legal, sales, marketing, and data analysis. Within days, major software stocks crashed as investors realized foundation-model companies can build applications just as easily as the software companies built on top of them. The "SaaSpocalypse" exposed a fatal flaw: companies like Harvey AI and Legora thought they were Anthropic's customers, but they were actually renters who could be displaced overnight. The market panic revealed that SaaS companies may have no defensible competitive advantage against AI giants moving directly to end users, forcing executives to answer uncomfortable questions about long-term viability.