Bending Spoons CEO says falling software valuations create acquisition opportunities
Overview
Bending Spoons CEO Luca Ferrari says falling valuations for software companies create buying opportunities as AI disrupts the industry, and that his firm benefits both from cheaper acquisition targets and from using AI to write code, improve products and scale its acquisition model.
Bloomberg reports the remarks, which are Ferrari's own view of the market rather than a disclosed deal. The company says AI now writes at least 90% of its code. No specific acquisitions, valuations, figures or timelines have been reported, so whether and how Bending Spoons will act on the view remains unknown.
Written by AI from the articles below · updated Oct 9, 7:21 AM ET
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The articles in this story. Times are ET.
- Bloomberg · TechnologyBending Spoons CEO Sees Acquisition Opportunity in Falling Software Valuations
AIBending Spoons CEO Luca Ferrari says falling software valuations are creating acquisition opportunities as AI reshapes the industry. He says the company benefits from cheaper targets and from using AI to write code, improve products and scale its acquisition model. Bending Spoons says AI now writes at least 90% of its code.
- Bloomberg · TechnologyBending Spoons CEO Sees Software Valuation Drop as Buying Opportunity
AIBending Spoons CEO Luca Ferrari said falling software company valuations create buying opportunities as the firm aims to benefit from AI disrupting the industry. The source does not provide further details on specific deals, figures, or timelines.
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