"This year is going to be tough," Chambers told MarketWatch. "However, I believe strongly that downturns are when the next generation of...
Venture capitalist John Chambers is an eternal optimist, but even he admits 2023 could be “tough” for tech.
While this could sideswipe a couple of Big Tech companies, leading them to a road of losing market leadership by the end of the decade, it could present an opportunity for startups in artificial intelligence and cybersecurity to become the next Microsoft Corp. MSFT or Alphabet Inc.’s GOOGL GOOG Google.
Cybersecurity, meanwhile, will remain a “top-three board agenda” for a decade as companies scramble to tamp down ransomware and global issues around China and Russia fester, he added.
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Davos 2023: Global recession seen likely in 2023 -WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
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Davos 2023: Global recession in 2023 seen as likely in WEF surveyTwo-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said on Monday as business and government leaders gathered for its annual meeting.
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