Nasdaq CEO Adena Friedman is convinced AI isn’t a death knell for software

Good morning. A recent sell-off in software stocks has fueled debate about whether AI could disrupt traditional software business models. But Adena Friedman, chair and CEO of Nasdaq, has a clear stance: AI isn’t the death knell for software but a catalyst.

“I don’t think any software business is going to sit still,” Friedman said during a fireside chat with David Rubenstein at an event hosted by the Economic Club of Washington, D.C., on March 11. “Any business that sits still in the world of AI will ultimately fail,” she said.