Todd McKinnon
Todd McKinnon is the co-founder, chairperson, and CEO of Okta, an identity and access management company he co-founded in 2009 with Frederic Kerrest. His public work focuses on identity security, enterprise SaaS, and securing AI agents and non-human identities.
AI Demand Is Real, but Productivity Gains Remain Unproven
Bloomberg’s Tech event in San Francisco framed the AI boom as a market caught between constrained infrastructure demand and valuations that leave little tolerance for misses. Executives from Databricks, Okta and Altimeter argued that the next bottlenecks are enterprise context, secure system access, power and capital allocation, while San Francisco Fed President Mary Daly said AI investment is widespread but has not yet produced broad, measurable productivity gains.
SaaS Faces a Sorting, Not an Apocalypse, From AI Agents
Okta CEO Todd McKinnon told Bloomberg that fears of a “SaaSpocalypse” are overstated because AI agents will force software companies to rebuild around identity, access and secure connectivity rather than make SaaS broadly obsolete. He argued that agents increase the need for governed links across enterprise applications and data, creating both risk and demand for products such as Okta for AI Agents. McKinnon said some vendors will fail to adapt, but framed the shift as a sorting process, not an extinction event for SaaS.