OpenAI COO Advocates for Investing in Legacy Software as AI Promises Growth Opportunities for Salesforce (NYSE: CRM) and Microsoft

OpenAI’s COO, Brad Lightcap, argues that legacy software companies may surprisingly benefit from AI advancements, countering the current trend of software stock sell-offs. In a recent podcast, Lightcap suggested that those optimistic about AI and startups should also consider investing in legacy software, as these companies leverage established teams, customer relationships, and faster learning processes. His insights come amidst a pronounced decline in software stocks, referred to as the “software apocalypse,” triggered by investor concerns over competitors like Anthropic’s Claude model. Lightcap highlighted that global software penetration remains low, around 1%, and emphasized the transformative potential of AI in modernizing outdated systems, such as healthcare and infrastructure. This modernization is framed as a pivotal opportunity for growth. For more insights and updates, consider following Benzinga’s news.

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