CrowdStrike CEO on AI’s Impact on Cybersecurity Demand
CrowdStrike CEO George Kurtz discusses the threat environment, increasing corporate demand for cybersecurity, and his company's new AI 'Charlotte' and how it is integral to the growing business.
Shares of CrowdStrike (CRWD) are trading lower after the stock surged on Wednesday following the company’s strong full-year guidance, which cited higher demand for cybersecurity.
The uptick in demand comes as a slew of large companies, from MGM Resorts International (MGM) to UnitedHealth Group (UNH), have suffered a series of cyberattacks.
CrowdStrike Co-Founder & CEO George Kurtz joins Yahoo Finance to discuss the threat environment, increasing corporate demand for cybersecurity, and possible future mergers and acquisitions for the company.
Kurtz outlines his company’s new AI and how its integral to the growing business:
“AI has been a huge element of CrowdStrike’s success. When I started the company, people weren’t even talking about AI. It was machine learning and there’s a lot of techniques we use. And over the years we have added more capabilities in terms of identifying and finding things that have never been seen before.
Over the last, say, 18 months, we have created Charlotte AI, which is our generative AI product.
And really the goal for Charlotte is to take the collective wisdom of CrowdStrike, be able to distill it, to make it available to these stock analysts, folks who are using our technology. And more than a chatbot, it actually can drive workflow automation. This is really important in today’s environment.
