As global markets lurch back and forth, trying to assess the true impact of artificial intelligence, Chuck Robbins, the chief executive of global tech giant Cisco, says businesses should brace for significant job losses, even as he argues the sell-off in software stocks because of AI’s threat is overblown.
Few of the world’s business leaders are better placed to compare the current AI boom to the dotcom crash at the start of the century than Robbins. Cisco was the poster child for the initial internet boom and bust – the Nvidia of the Millennium era – and he has worked there the whole time, becoming CEO in 2015.
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