May 19, 2026 – 2.36pmEd Chung, the chief executive of TechnologyOne, says his peers in the software sector are struggling to adapt to the seismic changes being ushered in by artificial intelligence and risk badly damaging their businesses with mass job cuts.TechnologyOne, which develops software for universities and councils to run their core systems, has been among the most resilient technology stocks on the ASX amid a brutal sell-off in the sector over fears AI could hurt their future earnings.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles