Business · Fortune Technology
Amid the 'SaaSpocalypse,' CIOs and CTOs take a harder line with their vendors
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Allegra Driscoll, the chief technology officer of Bread Financial, has a few ground rules when engaging with software vendors about generative AI capabilities.
Key facts
- The transaction value wasn’t disclosed, though the Wall Street Journal reports that the online talk show is profitable and generated around $5 million in revenue from advertising in 2025
- Anthropic, meanwhile, paid $400 million to buy biotech AI startup Coefficient Bio, aligning with the larger company’s increased focus to expand its life sciences offerings
- Almost all (96%) of the 500 senior corporate security leaders surveyed by consulting firm EY say that AI-enabled cybersecurity attacks are a “significant” threat to their organization
- Last week, Fortune and others reported that Anthropic accidentally leaked the source code for Claude Code, publicly exposing around 500,000 lines of code across 1,900 files
Summary
And the core focus of her conversations with vendors is also evolving. “The conversations are going a lot deeper into the architecture of the third-party solutions, where in the past, I’ve been more focused on the capacity, security, and data privacy,” says Driscoll. Nice’s chief information officer, Hadas Reisbaum, says she plans to leave her core systems in place for software that’s deeply embedded in the customer relations management software provider’s infrastructure. “I think the clock is ticking,” says Reisbaum, who anticipates that bigger pricing structure changes could occur within the next two to three quarters.