Atlassian co-founder and chief executive Mike Cannon-Brookes sits down with Harry Stebbings to argue that the race in enterprise AI has shifted from raw model capability to proprietary company context. He explains why headless software is a losing bet, how model routing becomes a core capability as AI gets cheaper, and why he thinks most enterprises will stay wary of Chinese models. The conversation also covers what happens when OpenAI and Anthropic start competing directly with software incumbents.