NIKKEI 225
38,837.46 -85.54 (-0.22%) HANG SENG
18,444.11 +41.11 (+0.22%) CRUDE OIL
73.56 -0.66 (-0.89%) GOLD FUTURES
2,343.40 -25.90 (-1.09%) DOW
38,538.58 -32.45 (-0.08%) Bitcoin GBP
55,364.77 +1,355.60 (+2.51%)
CSCO Jun 2025 70.000 put
- 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.
- Bloomberg
Cisco to Invest $1 Billion in AI Startups to Capitalize on Boom
(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 GainsMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyTreasuries Gain as JOLTS Spurs Faster Fed-Cut Bets: Markets WrapInt
- 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.
