On August 15th, investment bank Lazard conducted a market survey, which revealed that investors in the secondary market for private equity fund shares are recalibrating their strategies for assessing potential software investment targets. Given the ongoing uncertainty surrounding the impact of AI on business models and valuations, these investors are inclined to redirect their funds towards alternative investment avenues. Lazard reported that a substantial 91% of respondents believe that the key for software companies to mitigate AI-related threats and prevent product obsolescence lies in possessing 'proprietary data advantages and network effects that are challenging for AI to replicate.' As of June this year, a mere 4% of respondents indicated that their investment strategies within the software industry have remained unaltered.