‘Nary a blip’: Mike Cannon-Brookes says Atlassian is taming AI costs
Summary
Atlassian CEO Mike Cannon-Brookes has dismissed concerns that rising artificial intelligence costs will severely impact the company's profit margins, despite projecting a slight margin dip due to increased cloud and Rovo usage. While other tech firms struggle with expensive AI infrastructure bills, Atlassian reports surging revenue and a return to profitability, driven by strong customer adoption of its AI-powered products. Cannon-Brookes views artificial intelligence as a major long-term opportunity rather than a threat, noting that the company is effectively scaling its technology without compromising financial stability.
(Source:Forbes Australia)