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在软件股中寻找“Agent转型”的幸存者。并非所有软件股都会被AI Agent颠覆，垂直行业SaaS（如Veeva的生命科学、Guidewire的保险）凭借其独特的数据壁垒和行业know-how，抗风险能力更强，可能比通用型CRM更安全。
It’s interesting to note that Khosla’s solution to make up for that lost revenue would affect the founder himself. Khosla, a famed Silicon Valley investor who was OpenAI’s first institutional backer, believes the best way to remove taxes at the lower end of the spectrum is to increase it at the other end—by taxing capital gains at the same tax brackets that apply to ordinary income. “Fundamentally, we ought to eliminate the notion of capital gains. All income is ordinary income. Everybody pays the same tax,” he said.