US EditionSilicon Valley leader who navigated the internet's boom and bust sees another wild ride with AI
John Chambers warns that AI's rapid growth may cause job losses faster than replacements and predicts half of Fortune 500 companies could disappear, reflecting internet era volatility.
- John Chambers, former Cisco CEO who stepped down in 2015, recently discussed AI's promise and risks with The Associated Press.
- He compares the current AI boom to the 1990s internet bubble, noting both parallels and important differences in speed and impact.
- Chambers states AI moves five times faster than the internet age and will yield three times the outcomes, driving rapid job losses especially in entry-level roles.
- He warns of tremendous optimism signaling a future bubble, adds that 50% of Fortune 500 companies and many executives may disappear amid the disruption.
- Chambers views China as a serious competitor, not a partner, and calls this the most uncertain global era, urging urgent education reform to adapt to change.
13 Articles
13 Articles
Former Cisco CEO talks about AI’s parallels to the internet, job market shifts, and China
Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology as a whirlwind of investments and excitement about artificial intelligence has propelled the stock market to new highs. Chambers took a s…
My Mother Lode
insidepolitic.co.zaSilicon Valley leader who navigated the internet’s boom and bust sees another wild ride with AI
SAN FRANCISCO (AP) — Former Cisco Systems CEO John Chambers learned all about technology’s volatile highs and lows as a veteran of the internet’s early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology as a whirlwind of investments and excitement about artificial intelligence has propelled the stock market to new hig…
Silicon Valley leader who navigated the internet's boom and bust sees another wild ride with AI - The Morning Sun
SAN FRANCISCO (AP) — Former Cisco Systems CEO John Chambers learned all about technology's volatile highs and lows as a veteran of the internet's early boom days during the late 1990s and the ensuing meltdown that followed the mania. And now he is seeing potential signs of the cycle repeating with another transformative technology as a whirlwind of investments and excitement about artificial intelligence has propelled the stock market to new hig…
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