Cisco Systems chairman and chief executive Chuck Robbins has warned that while winners will emerge from the Artificial Intelligence (AI) boom, there will be "carnage along the way." He believes the technology will be "bigger than the internet," but the current market is likely a bubble, similar to what was seen with the dotcom boom.

• Robbins predicts some jobs will be changed or "eliminated" by AI, particularly in areas like customer services, urging workers to embrace the technology rather than fear it.
• He acknowledges that the current investment surge in AI likely constitutes a bubble, echoing concerns from figures like JPMorgan Chase boss Jamie Dimon and Google parent company Alphabet's chief executive Sundar Pichai.
• Cisco, a company that saw its value fall by 80% during the dotcom bust, is now a key partner in providing the essential infrastructure underpinning AI.