Cisco Chief Executive Chuck Robbins said the artificial-intelligence boom will ultimately eclipse the internet in impact but warned the current frenzy bears hallmarks of a bubble, with capital flowing to firms that won’t survive. Cisco, a key supplier of networking gear underpinning AI workloads and a partner to Nvidia, has logged roughly £1.3 billion in quarterly AI-related orders even as Robbins cautioned that “carnage” is likely before durable winners emerge. He said AI will reshape roles and eliminate some jobs—particularly in customer service—while boosting productivity for workers who learn to use it. Robbins flagged heightened cybersecurity risks as AI makes scams and attacks more convincing, adding that Cisco is leaning on quantum-era approaches to harden defenses. He said the U.S. and China lead in AI but gave the U.K. “good odds” to become a superpower if it embraces the technology. His remarks echo recent caution from JPMorgan’s Jamie Dimon and Alphabet’s Sundar Pichai, who have both warned of investor “irrationality” and potential losses amid the AI rush.
Cisco CEO Warns AI Surge Will Create Big Winners—and Plenty of Wreckage
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