Cisco Launches $1 Billion AI Fund, Invests in Cohere, Mistral AI, Scale AI

Jun 4, 2024, 03:17 PM

Cisco has announced the launch of a $1 billion investment fund aimed at startups developing 'secure and reliable' artificial intelligence (AI) services. The company disclosed its initial investments in Cohere, Mistral AI, and Scale AI. This move places Cisco among other major technology firms that are investing heavily in AI technologies. Additionally, Cisco is showcasing new AI features designed to secure data flows, further emphasizing its commitment to advancing intelligent networking and security. The announcement was made on Tuesday.