Holden Spaht on AI as Software's Biggest Opportunity in 25 Years

In conversation with CNBC's David Faber and Seema Mody on Squawk on the Street, Holden Spaht shared his view that AI is the biggest opportunity for enterprise software in the firm's 25 years, arguing the model itself is becoming a utility while the real value lives in domain and context. He discussed the shift from systems of record to systems of action, software margins and a more active dealmaking pipeline.