投资者担心 AI 会颠覆传统软件商业模式,AI 原生公司能够提供更快、更便宜的解决方案,削弱了传统 SaaS 企业的竞争优势。同时,“氛围编程”(vibe-coding)技术让没有编程经验的用户也能搭建软件,降低了门槛,动摇了原本僵化的产品模式,使传统 SaaS 面临更大冲击。
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