Bending spoons CEO sees growth amid ai-driven market shifts

Luca Ferrari, CEO of Bending Spoons, highlighted the potential for growth amid the current AI-driven market shifts. He noted that falling software valuations are creating acquisition opportunities as the industry is being reshaped by artificial intelligence. Ferrari emphasized that the company is benefiting in two ways: through lower acquisition targets and by leveraging AI to enhance its development processes. Bending Spoons claims that AI now contributes to at least 90% of its coding tasks. In a recent interview with Tom Mackenzie on the 'Bloomberg Tech: Europe' podcast, Ferrari discussed how AI is not only improving product quality but also accelerating the company's ability to scale its acquisition strategy. This shift is part of a broader trend where AI is redefining traditional software development practices and creating new business models within the tech sector. The company's approach reflects a growing trend in the industry where AI is being integrated into core operations, enabling firms to reduce costs and increase efficiency. Ferrari's comments underscore the transformative impact of AI on the software development landscape, positioning Bending Spoons at the forefront of this evolution. As the market continues to adapt, companies like Bending Spoons are reaping the rewards of early adoption and strategic integration of AI technologies.