Big Data

Cisco just launched a $1 billion investment fund for AI startups — and it’s already backing Mistral, Cohere, and Scale AI

Cisco has set out why the networking giant should be seen as a key player in the age of generative AI, announcing a billion dollar investment fund and program to make it easier for enterprise customers to run their own AI.

At the Cisco Live event in Las Vegas, the firm launched the fund to invest in AI companies. Cisco said it has already committed nearly $200 million of the $1B investment fund so far, and said it is making “strategic investments” in AI companies including Cohere, Mistral AI, and Scale AI to complement its ongoing AI strategy.


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