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CSCO Mar 2025 65.000 call
- 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 MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsBonds Climb as Data Put November Fed Cut in Play: Markets WrapMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyIntel
- 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 Security Cloud Vision Comes to Life, Transforming Enterprise Defenses
CISCO LIVE US 2024 -- Cisco (NASDAQ: CSCO), the leader in enterprise networking and security, today announced new capabilities across the Cisco Security Cloud that extend its security architecture in the age of AI. With Cisco's unified, AI-driven, cross-domain security platform, customers will experience the balance of power tipping in favor of the defenders.
