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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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US announces up to $3.5 billion in funding to increase domestic battery manufacturing

US announces up to $3.5 billion in funding to increase domestic battery manufacturing

The infrastructure law that President Joe Biden signed in 2021 will boost local manufacturing of batteries and battery materials by up to $3.5 billion, according to a U.S. Department of Energy announcement on Wednesday. The financing is intended to enhance domestic facilities for essential minerals, next-generation technologies, and lithium-based technologies, among other things, with the…

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