AI boom will produce victors and carnage, tech boss warns
JAN 28 - Winners will emerge from the Artificial Intelligence (AI) boom, but there will be "carnage along the way", the boss of a US tech giant has Kenya breaking news | Kenya news today |..
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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.
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UPS and Amazon Announce Layoffs as Tech CEO Warns of AI 'Carnage' - January 2026
UPS is set to cut up to 30,000 jobs this year as it reduces its reliance on unprofitable Amazon deliveries as part of a new strategy. In a separate event, Amazon accidentally sent an email confirming a new round of global layoffs to employees, revealing job cuts in the US, Canada, and Costa Rica. The draft email, titled "Project Dawn," was shared by mistake before an official announcement. Amid these industry shifts, Cisco Systems chief executive Chuck Robbins has warned that while the AI boom will be "bigger than the internet," there will be "carnage along the way," comparing the current market to the dotcom bubble.
