JERUSALEM :Check Point Software Technologies on Wednesday reported a higher-than-expected profit for the second quarter and said it was stepping up the use of artificial intelligence to protect against a growing number of AI-related cyber attacks.
It was forecast to earn $1.90 a share on revenue of $589 million, according to I/B/E/S data from Refinitiv. Chief Executive Gil Shwed said the company was boosting the amount of AI engines in its products while it has conducted so-called hackathon events on how to incorporate new generation generative AI technology.
"I'm trying to focus most of our energy about how AI can work in our favour and not against us," he said."AI has tons of potential and we should and we should leverage it and we should do more with AI ... It's part of the natural evolution of our market and I think it's a challenge and an opportunity for us."
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