The AI conversation continues and the World Economic Forum in Davos, Switzerland was no exception. Cisco (CSCO) CEO Chuck Robbins joins Yahoo Finance Live to discuss the trajectory of AI and how it will impact the company.
Speaking to large language-based models in generative AI, Robbins believes that the companies that will stand out are those that are creating “value-based capabilities that help end-users take advantage of the data that they have.”
Robbins sees a wide range of possibilities for the incorporation of AI in networking equipment, “it’s still early, but I think there’s going to be a lot of opportunity.”
Known for being a company that makes acquisitions, Robbins notes that some company valuations are “insane,” but says the company has “gained incredible AI talent,” through recent acquisitions.
Looking ahead to the future, Robbins states that though the company has been building out its software business, it's hardware business is still important too saying “the internet needs us to be a really good hardware company."
The world of AI is constantly evolving, and Robbins states the company is ready to meet demands, “we’re now building a plan for how do we [Cisco] educate different aspects of the company of how they should be thinking about it.”
This interview is part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
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