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Oct 30, 2024

Cisco CEO calls 2025 'year of enterprise application' for AI

At Cisco's 2024 Partner Summit, the software company unveiled new products focused on modernizing AI infrastructure. Cisco (CSCO) CEO Chuck Robbins joins Yahoo Finance Executive Editor Brian Sozzi to

At Cisco's 2024 Partner Summit, the software company unveiled new products focused on modernizing AI infrastructure. Cisco (CSCO) CEO Chuck Robbins joins Yahoo Finance Executive Editor Brian Sozzi to discuss the company's AI strategy and his outlook on factors like the upcoming election and China tariffs.

Robbins emphasizes the summit's aim to kickstart "a rolling thunder of announcements around AI infrastructure." He notes that companies increasingly seek to update their AI infrastructure to support growing applications and technologies. Cisco is responding with new product launches like AI pods and UCS (unified computing system) platforms equipped with GPUs (graphics processing units), which Robbins calls "a necessary technology that our customers are really interested in."

"We saw customers actually taking funds that they had set aside for AI and making the determination that it's as important to update their infrastructure, their network infrastructure, their security infrastructure, in order to be ready for these AI applications," Robbins tells Yahoo Finance.

Looking ahead to 2025, Robbins describes it as "the year of the enterprise application." He believes the focus will shift from training models like ChatGPT to enterprises deploying custom use cases by combining these foundational models with their data. He says this will allow companies to engage with customers in new ways.

Regarding the upcoming presidential election, Robbins states that businesses desire "predictability," "consistency," and "less regulation," along with pro-growth tax and trade policies. He believes the next administration, regardless of which party is in the White House, should prioritize these "in addition to all the things that are really important for the country right now."

On the topic of trade tariffs on China,Robbins advocates for a "thoughtful" and "somewhat surgical" approach, further emphasizing the importance of enabling pro-growth trade policies.

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This post was written by Angel Smith