ServiceNow Inc. (NYSE:NOW) shares are trading higher Monday following fresh warnings from top AI executives about the risks of advancing AI capabilities.
- ServiceNow shares are consolidating. What’s ahead for NOW stock?
A Reversal of the SaaS-Pocalypse Fear
ServiceNow and other software names had previously come under pressure this year on fears that agentic AI would disrupt the traditional software business model — a dynamic dubbed the “SaaS-pocalypse” — as investors worried AI agents could cannibalize seat-based software spending. Those same AI safety concerns are now working in reverse for software stocks: as Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman call for a more cautious, deliberate pace of AI capability advancement, investors appear to be reading that as reduced near-term disruption risk to established enterprise software platforms like ServiceNow.
Amodei and Altman Call for a Slower Pace
On September 12, Amodei published an essay arguing that fully addressing AI risks requires not just investment in risk prevention but also “pacing” the rate of capabilities advancement so that safety measures can keep up. Altman voiced agreement, saying the question of pacing AI development has become a major internal discussion topic at OpenAI.
ServiceNow Shares Edge Higher
NOW Price Action: At the time of publication, ServiceNow shares are trading 4.17% higher at $138.05, according to data from Benzinga Pro.
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