Gerstner predicts software acceleration will begin in Q3-Q4 2024, proving AI is an accelerant rather than a threat.
“And when that happens, people will say, oh, no. Software's not dead. It in fact is an accelerant, but it's not gonna be equally good for all companies.”
Gerstner says Snowflake raised full-year guidance by more than Q1 beat due to AI accelerating core business growth.
“They took up their full year guide by more than their q one beat. And the massive beat really came from these two trends.”