Software Companies Will Survive the AI Wave, Sequoia’s Lin Says

Software companies will make it through the current wave of artificial intelligence disruption, said Alfred Lin, a co-steward and partner at Sequoia Capital.

“Let’s not forget AI is a lot of software,” Lin said in a Bloomberg Television interview on Wednesday. “Legacy software companies of yesteryear like Oracle still exist today.”

Lin added that he believes AI ultimately will improve most companies. “The impacts of AI are real,” he said. “They’re going to allow us to do a lot more than we used to be able to do.”

Fears over AI disruption have wreaked havoc on software stocks over ...