According to Odaily, Cisco's global corporate venture capital division initiated a $1 billion artificial intelligence investment fund on June 4. The fund aims to support the startup ecosystem and expand the development of artificial intelligence solutions. As part of the new AI fund, Cisco will make strategic investments in companies such as Cohere, Mistral AI, and Scale AI. To date, Cisco has allocated nearly $200 million from the $1 billion investment fund.
Cisco Launches $1 Billion AI Investment Fund
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