市场还担忧 AI 会加大定价压力并削弱企业护城河。软件企业原有的竞争优势可能被 AI 侵蚀，增长前景更加不确定，这让投资者难以判断合理估值，导致市场情绪偏向“卖出”。Piper Sandler 已经下调了 Adobe、Freshworks、Vertex 等公司的评级，分析师认为“席位压缩”和“氛围编码”趋势可能限制估值上限。
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"He carries the load of home and family life. It still probably raises an eyebrow when he's called into a meeting and he says it has to be between 10am and 3pm. They'll be shocked that a man has said that," says Begg.，更多细节参见91视频
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