SoftBank CEO Masayoshi Son has high hopes for the burgeoning internet-of-things movement. “Each individual, on average, will have more than 1,000 devices that are connected to the internet by 2040,” he told the audience at SoftBank World yesterday. “There will be no devices that aren’t connected.”

In his first week as Cisco Systems' new CEO, Chuck Robbins has already made an impression, moving quickly on plans to create a leaner, faster-moving company out of the networking colossus. Cisco was born in the mid-1980s as a company that made routers, a piece of networking gear that proved to be an essential component of the Internet, which was just then taking off. By the tail end of the dot-com boom in 2000, Cisco briefly was the world's most valuable company with a stock market capitalization of more than $550 billion.