Why do Nikesh Arora and Arvind Krishna expect consolidation in SaaS and enterprise software?

Nikesh Arora said customers should not have to stitch together 40 security products and expects huge disruption in SaaS as AI-first rivals rebuild packaged software. Arvind Krishna said the average enterprise uses 500 to 5,000 software vendors and may replace most with AI and five to ten main platforms within six months to six years. Krishna exempted systems that need extreme reliability, such as banking databases.

• Arora compared it to Fidelity Investments running 23 separate systems that became one CRM platform over 30 years.
• Arora said cyber valuations rose after the Mythos event and will rationalise over time.

▸In their words

“But if in the end you go down to, I need you to be reliable at 10 to the minus 15.” Arvind Krishna · at 39:04 — open in the transcript →

Source: our own transcription of the episode. The full conversation is on All-In with Chamath, Jason, Sacks & Friedberg (2026-10-21). Read the whole episode summary →

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