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0.000381145978909937 0.000381145978909937 0.00114343793672963 -0.000127048659636706 0.00177868123491298 0.000508194638546462 0.000508194638546462 0.000508194638546462
Stock impact report

AI boom will produce victors and carnage, tech boss warns [Yahoo! Finance]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Chuck Robbins, chairman and chief executive of Cisco Systems, told the BBC the technology will be "bigger than the internet", but the current market is probably a bubble and some companies "won't make it". Cisco, one of the world's leading technology companies, is behind some of the critical IT infrastructure enabling day-to-day use of AI. Robbins said some jobs will be changed, or even "eliminated", by AI, particularly in areas like customer services where companies will need "fewer people", but urged workers to embrace, not fear, the technology. His comments follow a series of warnings over the recent surge in investment in AI, with some claiming the sector amounts to a bubble set to burst, rocking markets and bankrupting companies. The BBC has been told of similar concerns by leading figures in finance and tech. JPMorgan Chase boss Jamie Dimon said some of the money invested in AI would "probably be lost" , while Google parent company Alphabet's chief executive Sundar Pich Show less Read more
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