Now, a wave of privately backed software firms are using AI to build brand new applications from the ground up, to re invent areas traditionally resistant to technology such as legal services and healthcare, according to Bank of America. We expect AI native startups to proliferate over the next several years and increasingly cannibalize the significantly larger $12.3 trillion US Services industry, writes the firm's software and services analyst, Alkesh Shah, in a December 13 report based...
