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Some software names hit by AI deserve a valuation cut

Thoma Bravo co-founder Orlando Bravo on Tuesday said that artificial intelligence will disrupt software companies faster, and some of the hits to valuation are “very warranted.” “There are many, many software companies in the public markets that will be disrupted from AI,” he told CNBC’s Leslie Picker at Thoma Bravo’s investor meeting in Miami. “Those…

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Senate begins debating Trump-backed SAVE America Act, but it’s unlikely to pass

WASHINGTON — Senate Republicans voted Tuesday to bring up the SAVE America Act to overhaul election laws nationwide, kicking off what’s expected to be a highly contentious debate on the floor. The vote was 51-48, with Sen. Lisa Murkowski, R-Alaska, joining unified Democrats in opposition. Sen. Thom Tillis, R-N.C., didn’t vote. Senate Majority Leader John…

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