Cisco chair and chief executive Chuck Robbins has warned that while artificial intelligence will become «bigger than the internet,» the current AI market likely resembles a bubble in which many companies will fail before clear winners emerge.
Speaking on the sidelines of the World Economic Forum in Davos, Robbins told the BBC that heavy investment will inevitably lead to losses for some firms, echoing the dotcom era. He said AI would transform industries, eliminate or reshape certain jobs, particularly in customer service, but urged workers and businesses to adapt rather than fear the technology.
His comments came amid...