Jim Cramer · Mythos · CNBC Technology
Palo Alto CEO confirms $1 trillion of cybersecurity infrastructure isn’t ready for AI
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Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world.
Key facts
- Palo Alto Networks CEO Nikesh Arora said Tuesday that AI is forcing companies to overhaul roughly $1 trillion of aging cybersecurity infrastructure built for a pre-AI world
- Shares of Palo Alto have surged 113% since April 7
- Nothing that was deployed seven or 10 years ago is prepared or ready to handle AI at machine speed," Arora told CNBC's Jim Cramer on " Mad Money
- Arora said Palo Alto has held conversations with roughly 2,000 companies about its Frontier AI Critical Defense Program, which uses advanced AI models to test customers' defenses, identify
Summary
"Nothing that was deployed seven or 10 years ago is prepared or ready to handle AI at machine speed," Arora told CNBC's Jim Cramer on " Mad Money. Palo Alto's earnings report on Tuesday suggests that urgency is already translating into business. Arora expects the opportunity to grow as AI allows attackers to find and exploit vulnerabilities faster than ever before, forcing companies to modernize security defenses that weren't designed for automated threats. "There's approximately $1 trillion of global cybersecurity debt that must be modernized to defend against automated threats because they operate instantaneously," Arora said on Palo Alto's earnings call.