​Cisco Prepares Second Round Of Layoffs Amid Increasing AI Skepticism; Report – Tyler Durden

Cisco Prepares Second Round Of Layoffs Amid Increasing AI Skepticism; Report The potential of generative AI to transform companies, industries, and societies has been widely touted around the clock by Wall Street analysts and MSM, resulting in what could be a trillion-dollar spending spree in capital investments by companies in the coming years. These investments will cover data centers, chips, AI infrastructure, and the power grid. However, given this context, as AI infrastructure is being built, one of America’s largest networking equipment firms building AI infrastructure could be on the verge of thousands of layoffs. This news doesn’t bode well for the AI bubble. …  — Continue at ZeroHedge News : Read More