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Nvidia CEO Jensen Huang Says Agentic AI Will Require More Software Tools, Despite Sharp Stock Declines at Salesforce, SAP and Atlassian
Jensen Huang told attendees at Computex on Monday that agentic AI will increase demand for software tools rather than eliminate software companies.
Jun 1, 4:00 AM·1m read1 source
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Nvidia CEO Jensen Huang told a Computex audience in Taiwan on Monday that the rise of agentic AI creates an "incredible time" to be a software company. Huang opened his keynote by addressing concerns that agentic AI would drive software firms out of business. "A lot of people have said, 'Jensen, AI is coming.
Agentic AI is coming. Therefore, all of the software companies are going to go out of business,'" he said. " Agentic AI refers to systems that can complete tasks with minimal human intervention. Huang said the technology will require agents to use "more tools than ever," provided those tools are designed for machine consumption.
"This is actually an incredible time to be a software company, but the software has to be presented to the agent in a way that the agent can use it," he added. Business Insider reported that shares of Atlassian, Salesforce, and SAP have each fallen more than 20 percent since the start of the year amid investor concerns over AI-driven disruption.
Salesforce and Workday have also seen stock declines tied to what some analysts have labeled "Saaspocalypse" fears.
Anthropic CEO Dario Amodei and OpenAI CEO Sam Altman have also said software companies will need to adapt but are unlikely to become obsolete in the near term.
