There’s been talk that AI is poised to replace SaaS applications. AI, he says, “is going to make [SaaS] more productive and useful for companies and for people.” In actuality, “we’re seeing companies buying more SaaS, now that AI is available, and getting more value out of it,” he says. The initial use of AI was through chat, Rabinowitz notes — using prompts with natural language to ask questions. In the short term, Rabinowitz says, AI will drive up cost as companies make greater use of it.