Former Cisco Systems CEO John Chambers, in late 1990s, the Early Boom days of the Internet and the variability of the technology, as a veteran of the early boom days of the melting, which followed the mania.
Now he sees potential signs in the repetitive period of exchanges and artificial intelligence in the repetitive period of repetitive transformative technology in the repetition of a transformative technology.
Cotton, a similar meteic walk in the first days of Cisco, with about $ 15 billion in 1995, network equipment suddenly had components to build the Internet. Feverish demand company The world’s most valuable company – $ 550 billion in March 2000 – before the investment bubble explosion. The accident led to more than 80% of Ciscon’s stock price that the rooms remind them of the worst of their career.
Before starting as CEO in 2015, CEO was withdrew to ensure a consistent financial growth to help build rooms as one of the most esteemed leaders, but the company’s stock price never approached the summit reached a quarterfth century ago.
Although Cisco Chairman Emeritus stays, the rooms have now admired the transformative powers of the EU once with the Internet revolution. This time only this time is recommended as a capitalist who invests in AI beginners instead of running a company itself. 76 Recently discussed the promise of the AI Boom with the Associated Press. The interview was edited for clarity.
Q: Is the current AI Mania recalls the internet boom of the 1990s?
A: Absolutely. There are many parallels, but there are some spectacular differences. AI moves five times from speed and will produce three times the results of the Internet age. A start of the internet will develop the product for two years, and then to market it in three years. Today, AI develops in one month and sometimes in a week and then bring it to the market in one or two quarters.
In the internet age, a really large scale was inherited. In this AI, there is a lot of great optimism that shows a bubble bubble for certain companies. Will there be a train accident? Yes, for those who cannot turn technology to a continuous competitive advantage, will you get income after all the money you pour?
Q: AI’s intention to eliminate many jobs?
A: He took place on the Internet. This time the problem is that if I am right to the AI, which moves five times from the speed of the Internet, we will destroy our work faster than we can replace them. Take it to replace them over time? Yes, but there will be a drought if we have to raise many people again.
Q: Does this bother you?
A: Great time!
Q: What should we do to be ready for this upgrade?
A: We need to change your education. It will disappear rapidly in the input-level work with both white and blue collar and blue collar. We create more productivity, but we must create more workplaces. If companies start earning more money, they will either increase the dividend or invest in new areas. Hopefully, most will invest in new areas to create new jobs.
You will see that successful companies are expanded and acted sharply, but 50% of 50% of Fortune 500 companies disappear, and 50% of Fortune 500 managers disappear. The EU will not be able to adapt to this new innovative economy, because unlike a 12-month period, they acted in the speed of five years.
Q: Do you think it is one of the most uncertain times you haven’t seen so far?
– This is not a global basis, in a vague time. I would argue that this is new normal. The speed of the market is moving now, most peos and business leaders do not know how to do with AI, especially.
– What is the Big Tech’s President Donald Trump on how it works with the second period in the office?
A: Let’s be real. The silicone valley moved right, there should be no doubt. They made it for economic reasons. And they did for their practicality, shareholders, but also arranged control. They were not able to grow and China was openly beaten.
Q: How much do you bother China?
C: I think that China intends to win in the US account. There is no rule in China, there is no intellectual property, there is no problem with the abuse of power. They intend to strike the past from the military, economic and in all manner. I don’t see them like a partner, I look at them as a serious opponent on all the fronts and one I trust. I think it intends to recognize people’s best interest in the United States and in the best interest in us. So go out for 10 years and it is most likely a result. But I think the next five years are really bumpy and dangerous. We should not have dreams that they intend to crush us.
-Michael Liedtke, AP Technology Writer