Cisco just launched a $1 billion investment fund for AI startups - and it's already backing Mistral, Cohere, and Scale AI
Briefly

from ITPro8 months ago
Cisco launches a fund to invest in AI companies, having already committed $200 million. It aims to complement its AI strategy by investing in firms like Cohere, Mistral AI, and Scale AI.
ITProhttps://www.itpro.com/technology/artificial-intelligence/cisco-just-launched-a-dollar1-billion-investment-fund-for-ai-startups-and-its-already-backing-mistral-cohere-and-scale-ai
The global AI market is projected to double to over $500 billion in the next three years. Cisco's move to invest in AI is aimed at enhancing its products and services to keep up with industry growth.
ITProhttps://www.itpro.com/technology/artificial-intelligence/cisco-just-launched-a-dollar1-billion-investment-fund-for-ai-startups-and-its-already-backing-mistral-cohere-and-scale-ai
Cisco has made over 20 AI-focused acquisitions and investments, focusing on generative AI and machine learning capabilities. The firm aims to integrate AI across its portfolio and stay ahead in the AI field.
ITProhttps://www.itpro.com/technology/artificial-intelligence/cisco-just-launched-a-dollar1-billion-investment-fund-for-ai-startups-and-its-already-backing-mistral-cohere-and-scale-ai
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#cisco #ai-investments #generative-ai #market-trends #collaborations
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