Okta CEO: AI is moving so quickly, companies must change 40% of what they are doing every year [Yahoo! Finance]
ServiceNow, Inc. (NOW)
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Source: Yahoo! Finance
This embedded content is not available in your region. Okta ( OKTA ) co-founder and CEO Todd McKinnon is serving up the cold, hard truth on adapting to the world of AI: Not adapting likely means extinction for companies. "In a normal time, when technology is maybe moving at a normal pace, you might think every year you want to change 20% of what you're doing. We've really amped that up. You need to change probably 40% or more of what you're doing. That could be a process. That could be how you think about markets and opportunities in the past and how you go after new things," McKinnon said on Yahoo Finance's Opening Bid (video above). Tech investors are grappling with what some on Wall Street are calling the “SaaS-pocalypse.” Loosely defined, this reflects the major pullback in the stock prices of software companies such as Salesforce ( CRM ) and ServiceNow ( NOW ) because of seemingly daily innovations out of model builders Anthropic ( ANTH.PVT ) and OpenAI ( OPAI.PVT ). The
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- 3/2/26 - Form 4
- NOW's page on the SEC website