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Palo Alto Networks CEO says there's a $1 trillion AI security gap

CEO Nikesh Arora says legacy security systems can't handle AI-speed attacks, calling it a long-term growth driver for the industry

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Palo Alto Networks $PANW beat fiscal fourth-quarter estimates on Tuesday and issued a strong outlook for its new fiscal year, with CEO Nikesh Arora arguing that roughly $1 trillion in aging cybersecurity infrastructure must be replaced to defend against AI-powered threats.

"There's approximately $1 trillion of global cybersecurity debt that must be modernized to defend against automated threats........

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