This chapter examines the concept of the sunk cost fallacy and the need for adaptability in the rapidly evolving tech landscape, focusing on the company Humaine and its innovative AI device. The discussion touches on the challenges faced by tech giants in embracing artificial intelligence, the implications of government regulation, and the potential societal impacts of AI over the next decade. Furthermore, it emphasizes the importance of skill development and personal growth in navigating the uncertainties brought about by technological advancements.
The Sunday Times’ tech correspondent brings on John Chambers, former chief executive of Cisco, to talk about artificial intelligence (4:30), why booms are necessary (8:00), coming to Silicon Valley (12:15), Cisco (14:15), buying 180 companies (19:00), the dotcom bust (23:00), how the old startups have grown up (29:15), whether founder shares are a good thing (31:00), still working at 75 (34:00), competition (35:40), why he has bet on the startup Humane (40:45), spending his own money (45:00), how AI will change everything (48:15), and his worst day (53:15).
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