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Cisco Announces $1 Billion Fund to Drive AI Innovation Worldwide

Cisco Announces $1 Billion Fund to Drive AI Innovation Worldwide

US-based networking equipment manufacturer Cisco on Tuesday announced a $1 billion global investment fund to develop artificial intelligence networking, security and observability solutions. The company said it will invest in artificial intelligence (AI) specialists Cohere, Mistral AI and Scale AI to improve customer response capabilities, computing infrastructure, underlying models, model development and AI training. “For…

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