Cisco Overview
Cisco Systems, Inc. is an American multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
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New Cisco AI investment fund not just ‘another billion dollars,’ CEO says
Cisco Investments has launched a $1 billion AI investment fund to support the development of generative AI and large language models. The company has announced its backing of startups Cohere, Mistral AI and Scale AI, all valued in the billions. Cisco plans to collaborate and co-innovate with companies, rather than just providing monetary support. The company has already committed nearly $200 million of its new fund. The market for generative AI is expected to reach nearly $137 billion by 2030, up from $20.9 billion this year.
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growth-positive
New Cisco AI investment fund not just ‘another billion dollars,’ CEO says
Cisco Investments has launched a $1 billion AI investment fund to support the development of generative AI and large language models. The company has announced its backing of startups Cohere, Mistral AI and Scale AI, all valued in the billions. Cisco plans to collaborate and co-innovate with companies, rather than just providing monetary support. The company has already committed nearly $200 million of its new fund. The market for generative AI is expected to reach nearly $137 billion by 2030, up from $20.9 billion this year.
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· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:17.000000
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· ortalw@sncentral.org · Manual · 2024-06-06 13:46:18.000000
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· ortalw@sncentral.org · Manual · 2024-06-06 13:46:17.000000
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· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:17.000000
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· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:17.000000
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· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:17.000000
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· ortalw@sncentral.org · Manual · 2024-06-06 13:46:17.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-06-06 13:46:17.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-06-06 13:46:17.000000
Ortal Wein
· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:18.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-06-06 13:46:18.000000
Ortal Wein
· ortalw@sncentral.org · Automatic · 2024-06-06 13:46:18.000000
Ortal Wein
· ortalw@sncentral.org · Manual · 2024-06-06 13:46:17.000000
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Admin Info
| Confidence | 33/100 |
| Missing | product stage, sector, number of employees, tags, invite member, business model, tag line, homepage, video or image, funding rounds, markets, external profiles, not claimed |
| Creator | RPA |
| Creator email | sncentraltest@gmail.com |
| Last update | 2022-06-14T00:00:00.000Z |
| Created | 2019-05-11T00:00:00.000Z |
| Status detail | Active |