Cisco Systems, Inc. also known as Cisco is a multinational technology company that designs, manufactures, and sells networking hardware, software, and services. It was founded in 1984 and is headquartered in California, USA.
According to reports, Cisco has announced plans to invest $1 billion USD in an AI investment fund. This investment fund will be targeted at startup companies like Cohere, Mistral AI, and Scale AI that build offerings based on Cisco’s strategy and infrastructure.
The report further mentions that Cisco has already committed approximately $200 million USD of the fund as it aims to expand the development of reliable AI solutions.
