Cisco has announced the launch of a $1 billion fund aimed at investing in AI startups. The move, unveiled during the company’s event in Las Vegas, is part of Cisco’s strategy to strengthen its position in the AI sector. CEO Chuck Robbins highlighted the potential for co-development activities with startups to deliver innovative solutions in the rapidly evolving AI landscape. The firm has already started investing in established AI companies, with notable investments in Mistral AI, Scale AI, and Cohere. Additionally, Cisco is partnering with larger firms to introduce an AI cluster solution for data centers, allowing customers to focus on AI innovation rather than IT management. Cisco’s Chief Strategy Officer, Mark Patterson, emphasized the company’s commitment to supporting customers in the AI era and enhancing the broader AI ecosystem.
Cisco Launches $1 Billion AI Fund to Dominate Market at “Cisco Live” Event in Las Vegas
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