The SaaS apocalypse was right but misguided: it won't come from users vibe-coding Salesforce away, it will come from OpenAI or Anthropic deciding to play in that model — an AI super-app that ingests software and does everything, leaving even an enterprise giant like Salesforce worth a fraction of what it is.
Cantz argues the 'vibe-code Salesforce out of existence' story was wrong. The real threat is OpenAI/Anthropic building super-apps that do everything agentically — if an AI lab says 'just give us somewhere to store the data and we'll do all the agentic stuff,' the value of a company like Salesforce collapses. The apocalypse takes 5-10 years to show up, not months. ✦ AI generated
Alex Cantz · The Compound · 2026-07-31 · original ↗
starts at this moment · 30:29
So this is my take here. The SAS apocalypse was right but misguided. The idea that you're going to vibe code Salesforce so Salesforce is going to go out of business. Ridiculous. Yeah. Right. And that blew over. But you know, can you end up using a sort of a Gentic CRM? Right. So all you would need is the database and then your AI assistant, you know, does all the functions of a CRM. I don't see why that wouldn't be. So the SAS apocalypse isn't coming from the guy from the user vibe coding his way into a CRM. The SAS apocalypse is coming from potentially if it was going to happen it would come from an open AI or anthropic saying we want to play in that model. Just we'll we'll do everything. We'll do all the agentic stuff. Just find a place to store the data and then if it does that what is Salesforce worth?
verbatim transcript · starts at 30:29
30:15So it's not just about code anymore. It's about an app that can do anything for you which effectively it ingests software. >> So they're becoming SAS companies >> to a degree. >> And so one of the biggest Go ahead. >> I'll just say this. So this is my take here. The SAS apocalypse was right but misguided. The idea that you're going to vibe code Salesforce so Salesforce is going to go
30:36out of business. >> Ridiculous. >> Yeah. >> Right. And that blew over. >> But you know, can you end up using a sort of a Gentic CRM? Right. So all you would need is the database and then your AI assistant, you know, does all the functions of a CRM. I don't see why that wouldn't be. So the SAS apocalypse isn't coming from the guy from the user vibe
31:00coding his way into a CRM. The SAS apocalypse is coming from potentially if it was going to happen it would come from an open AI or anthropic saying we want to play in that model. >> Just we'll we'll do everything. We'll do all the agentic stuff. Just find a place to store the data and then if it does that what is Salesforce worth? If you're an enterprise business that's currently
31:24paying Salesforce and somebody comes along and says, "Why are you paying them, let's say anthropic, we can do this, we could do this, we could do, you're just going to pay them. You're paying somebody, >> right?" >> Right. Because there has to be a layer to make it worth to your point product. There has to be a product that makes the power of this super intelligence actually express something that's useful
31:49to you as a business. So maybe it will replace one of the publicly traded SAS giants, but you're still spending money with someone. Correct. >> So now, so when you show me that revenue chart go from 0 to$80 billion like the money is coming from somewhere. So where does it where is it coming from? what where are these revenues coming from that they other where would that money otherwise have been spent? So
32:13I think for a lot of companies they're still trying to reckon like it there were no buckets for it, right? So >> it's margin compression. >> Yeah, I think so. I mean, but but okay, >> it's new spend >> for them. Like a lot of companies realized there was going to be some agentic capabilities. So when you go budget for, you know, the for the next year in 2026, you put some money there,