John Chambers Makes the Case for AI, Calling It a Win for Society
Channel: Bloomberg Television
Uploaded:
Duration not recorded
Read a transcript preview of “John Chambers Makes the Case for AI, Calling It a Win for Society” from Bloomberg Television, uploaded on 2026-11-04.
Transcript preview
Language: English (original, creator captions)
[0:00] I wanna start off because you will always get these predictions every year, and one jumped
[0:04] out at me. You said at the start... For the... Coming coming into 2026, and I'm
[0:09] just gonna read verbatim. You said AI drives growth profits and productivity dramatically faster than the
[0:14] market anticipates. That actually might be an understatement given what we've seen so far this year.
[0:20] Were you surprised at the pace of growth and the pace of capital formation in the
[0:24] AI cycle?
[0:26] No. I was really not. I bet on literally nine years ago with 22 startups before
[0:33] people could even spell AI. Secondly, most of the projections that we made at the beginning
[0:39] of twenty six sounded very aggressive projections, but we overachiezed most all of them. You saw
[0:45] the GDP number, growth from the other day. Productivity numbers were probably going to be not
[0:52] at 2% like we saw during the Internet boom, Romaine. We're probably gonna be at three
[0:57] to 5% growth in productivity. Most companies are moving aggressively on this, and they're doing it
[1:03] not just to be more productive as a company, but also to create new jobs and
[1:07] new opportunities. So I think that speaks to the breadth and depth of the AI cycle,
[1:13] which will probably be five times the speed of the Internet and probably five times the
[1:17] results as well.
[1:18] Is there any concern that that pace of that cycle might slow given the outcome