Crypto’s latest bear cycle is a mere blip when compared with the existential threat AI now poses to traditional software services, says Ravi Tanuku, CEO of KRAKacquisition Corp.
KRAK, a Nasdaq-listed special purpose acquisition company, is ready to explore potential deals with crypto-native firms valued between $2 billion and $10 billion.
Crypto is a clear survivor amid the AI disruption hitting SaaS companies that traditionally formed a part of the IPO pipeline, CEO Ravi Tanuku said.