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Marketplace Morning Report

Beware the AI boom, says Cisco boss

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 28 January 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

From the BBC World Service: One of the world’s leading technology bosses has warned there could be “carnage" if a bubble in AI share prices bursts. The chief executive of Cisco, Chuck Robbins, has told the BBC that while some companies won’t survive, artificial intelligence will be “bigger than the internet.” Plus, we take you to Saudi Arabia, where the construction of a huge skyscraper — 20 times the size of the Empire State Building — has been suspended.

Transcript

Click on a timestamp to play from that location

0:00.0

AI is having a gold rush, but an industry leader says not everyone will strike it rich.

0:06.7

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

0:10.8

I'm Stuart Clarkson. Good morning.

0:12.9

One of the world's leading technology bosses has warned that AI share prices are probably a bubble,

0:18.0

and there'll be carnage if it bursts.

0:20.2

The chief executive of Cisco, Chuck Robbins,

0:22.6

has told the BBC that while some companies won't survive, artificial intelligence will be bigger

0:27.6

than the internet. He's been speaking to the BBC's Faisal Islam.

0:31.2

Cisco is one of the world's leading technology companies behind some of the critical IT infrastructure

0:37.1

enabling the day-to-day use of

0:39.4

AI. It was hit when the original dot-com bubble burst in 2000, but survived and thrived after

0:45.2

losing 80% of its value. Now its boss, Chuck Robbins, confidant to President Trump, says

0:51.1

while AI technology is unstoppable, there may be some financial turbulence ahead.

0:56.0

Every major technology revolution that we see feels like hype to begin with.

1:00.4

And there's been a lot of discussion about, is this a bubble?

1:02.7

And the answer is probably yes.

1:04.1

There's carnage along the way, but it is going to be bigger than the internet.

1:08.6

Mr. Robin said some jobs were already being eliminated by AI, particularly in areas like

1:13.8

customer services, where he said companies would need fewer people.

1:17.5

There's some jobs that we already know are going to probably be changed and some that will

1:21.5

be eliminated by using AI.

1:23.9

Give us an example.

...

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