CSCO Sep 2024 40.000 put
- Bloomberg
Cisco to Invest $1 Billion in AI Startups as Industry Booms
(Bloomberg) -- Cisco Systems Inc. plans to invest $1 billion in startups that are working on what it calls “secure and reliable” artificial intelligence services, part of a push to be a bigger player in AI technology.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityModi’s Magic Is Fading Fast. Who’s Next for India?Short Sellers in Danger of Extinction After Crushing Stock GainsBlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSEBonds Rally as Trade
- Reuters
Cisco launches $1 billion AI fund and makes first investments
Cisco on Tuesday launched a $1 billion fund to invest in artificial intelligence startups, joining a list of big technology companies rushing to take stakes in small AI firms. The company, through its investment arm, is investing in Cohere, Mistral AI and Scale AI, among others, and has already committed nearly $200 million of the fund, it said. AI data startup Scale AI is valued at nearly $14 billion, while so-called foundation model developers Cohere and Mistral are both reportedly in talks with investors to raise funds at a valuation of $5 billion each.
- PR Newswire
Cisco Live 2024: Cisco Announces New AI-powered Innovations and Investments to Help Customers Unlock a More Connected and Secure Future
CISCO LIVE -- Cisco (NASDAQ: CSCO) kicks off Cisco LIVE 2024 with new AI-powered innovations and investments that deliver a clear message: AI isn't just the latest turning point in technology. It's an efficient, intelligent source of digital resilience that can connect and protect entire organizations and power growth, scale, and an inclusive future for all.
