"If you look at our associates, they're spending a lot less time doing models or comparables than before," Orlando Bravo, founder of Thoma Bravo, told CNBC.
Gates reportedly prepared for his testimony with the help of Jake Greenberg, who previously was the Oversight committee's chief investigations counsel.
U.S. cybersecurity giant CrowdStrike said China-based entities made over half of state-sponsored cyberattacks on tech firms for artificial intelligence assets.