The Business Times
business-time-50
A SMART LOOK AT INVESTING
·
SUBSCRIBERS

Code is cheap. Trust is not

The durable edge in investing has always been in what is hard to see: trust, relationships, switching costs and institutional knowledge

Summarise
google-preferred-sourceAdd BT as a preferred source
阅读简体中文版 (beta)
    • Sales of software-as-a-service companies such as Salesforce have pulled back sharply, as a new breed of agentic AI is seen to encroach upon the territory of established platforms.
    • Sales of software-as-a-service companies such as Salesforce have pulled back sharply, as a new breed of agentic AI is seen to encroach upon the territory of established platforms. PHOTO: REUTERS

    Chin Hui Leong

    Published Tue, Feb 24, 2026 · 06:21 PM

    OPENAI chief executive Sam Altman says software-as-a-service (SaaS) is entering its “fast-fashion” phase – cheap, disposable and quickly assembled. The stock market seems to agree.

    Since the start of the year, investors have sold off SaaS companies en masse.

    Shares of ServiceNow and Salesforce, two of the most prominent companies in the sector, have pulled back sharply, and the price of Atlassian shares have halved since the start of the year.

    A smart look at investing

    TRENDING NOW

    The CSRC is leading the effort, along with the National Financial Regulatory Administration, which handles consumer protection and supervises banks.

    Why China is tightening controls on overseas stock trading

    CEO Kerry Mok says Sats has “a lot of growth opportunities”, including investments in AI and new geographies, as well as refreshing its assets.

    Sats may reward shareholders with special dividend if there’s spare cash

    US President Donald Trump with President Xi Jinping after a visit to Zhongnanhai Garden in Beijing, on May 15.

    Xi Jinping has just rewritten the rules of US-China rivalry

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More