'Scary as hell:' SafetyCulture, Canva lead post-Anthropic AI scramble

The chief executive of one of Australia's largest private software companies, SafetyCulture, says new artificial intelligence coding abilities have transformed the way it builds products, as one of the firm's biggest investors, Blackbird Ventures, conceded start-ups in its portfolio were scrambling to adapt to the AI era.

Luke Anear retook the reins as chief executive of SafetyCulture in February amid a global meltdown in software company valuations - known as the SaaSpocalypse - caused by investor fears that tools from AI giants such as Anthropic would let everyday people "vibe-code" their own apps.