Xero CEO on the SaaSpocolypse, AI integration and impact on the economy

The ASX200 closed slightly higher after a late-session rebound, with mining giants BHP and Rio Tinto hitting fresh records while Coles fell after a landmark ACCC court ruling over misleading discount pricing. Ricardo Gonçalves speaks with Betashares investment strategist Hugh Lam about the day’s market action and the forces driving investor sentiment. Plus, Xero CEO Sukhinder Singh Cassidy responds to concerns artificial intelligence could disrupt the software-as-a-service sector, outlining how the cloud accounting company plans to navigate the next phase of the AI revolution after reporting a sharp fall in profit.