Max Wiethe

This episode originally aired on the MTS segment, Monetary Matters.

For the last two years, the dominant story in software has been that AI will wipe out SaaS companies, collapse seed-based pricing, and centralize everything around a handful of frontier model providers.

But when you look at actual business spending data, that story becomes much harder to defend.

Many of the fastest-growing AI companies are not model labs themselves, but the infrastructure, workflow, and application layers forming around them.

At the same time, businesses are increasingly using multiple models, becoming more cost-conscious, and experimenting with AI in ways that don't neatly fit the prevailing narrative around automation and labor replacement.

Jack Farley and Max Wheathey speak with Ara Karazian, lead economist at RAMP.

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