Atlassian chief executive Mike Cannon-Brookes says artificial intelligence is the most exciting technology of his lifetime, and that it will help his company emerge stronger from a chastening period that has seen almost $40 billion wiped from its value in just the past four months.

In an interview, the billionaire said investors would eventually understand that the same principles which led software giants such as Microsoft to become the biggest companies in the world have not changed because of AI, while also opening up about the challenges of running Atlassian solo since the departure of co-founder and co-chief executive Scott Farquhar.

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