ServiceNow CEO dismisses AI threat as company raises forecasts and plans 5-for-1 stock split

ServiceNow CEO Bill McDermott dismissed fears that artificial intelligence poses an existential threat to his company's enterprise software business, labeling rival AI offerings as mere during the latest earnings call. Despite some sales deals being delayed by the ongoing war in the Middle East, the company raised its financial forecasts, signaling confidence in its core operations as reported by Business Insider.