What seems under pressure isn’t SaaS as a model. It’s narrow SaaS built around a single capability that AI can now reproduce cheaply.

If your product is basically a thin wrapper over a model, or differentiated mainly by features rather than workflow integration, the moat feels weaker now. AI compresses build time dramatically. That means more competitors, faster cloning, and lower switching costs.

But SaaS that is model-agnostic, deeply embedded into workflows, or acts as connective tissue between systems looks much more durable. Integration, distribution, and trust don’t commoditize as quickly as features do.

It feels less like SaaS collapsing and more like a sorting event. Thin wrappers get squeezed. Infrastructure layers and integrators get stronger.

Curious if others building right now are seeing the same shift, or if I’m over-indexing on AI-native workflows.