Hamza Lemssouguer, the founder of Arini, remarked that the market's apprehensions about AI potentially wreaking havoc across industries have already resulted in higher borrowing costs for software firms, presenting a formidable challenge to the software sector, which is already burdened with substantial debt. The market has a tendency to respond preemptively, and at present, numerous companies are grappling with escalating capital expenses. This trend is poised to culminate in a wave of significant defaults, causing shocks and disruptions within the credit market.
