Standard & Poor's: AI disruption will not trigger a wave of downgrades in the software industry.

S&P Global has stated that the disruption caused by artificial intelligence to the software industry is unlikely to trigger a wave of credit rating downgrades, despite market concerns. "Many investors are comparing the pace of rating actions with those during the Covid-19 pandemic; however, the current environment is different from that of the pandemic," the rating agency said. "The current environment reflects structural technological evolution rather than a sudden macroeconomic shock."