*Enterprise software has easily been the first casualty of the great cost decline of intelligence. SaaS itself is just crystalized information processing of workflows into code. The three moats of SaaS, switching costs of data (data is trapped), workflow lock-in (learning the UI), and integration complexity (how Slack works with Jira) have all been partially eroded at the margins. The 75% gross margin of SaaS looks like a huge opportunity, as agents migrate data between systems with lessened migration costs, Agents themselves do not rely on human oriented workflows, and MCP integrations make integration much easier. Every aspect of SaaS is cheapening, and the margins have become the first opportunity of AI.*
Claude Code is the Inflection Point 

Claude Code is the Inflection Point
What It Is, How We Use It, Industry Repercussions, Microsoft's Dilemma, Why Anthropic Is Winning
