Cisco Launches $1B Global AI Investment Fund; Cisco Has Already Committed Nearly $200M Of The $1B Investment Fund To Date
Portfolio Pulse from Benzinga Newsdesk
Cisco has launched a $1B global AI investment fund to develop secure and reliable AI solutions. The company has already committed nearly $200M to startups like Cohere, Mistral AI, and Scale AI to enhance its AI ecosystem.
June 04, 2024 | 3:10 pm
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Cisco has launched a $1B global AI investment fund, committing nearly $200M to startups like Cohere, Mistral AI, and Scale AI. This move aims to enhance Cisco's AI ecosystem and secure its position in the AI market.
The $1B investment fund and the $200M already committed to AI startups indicate Cisco's strong focus on AI innovation. This strategic move is likely to enhance Cisco's AI capabilities and market position, positively impacting its stock price in the short term.
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