Cisco launches $1b global ai investment fund

News summary:  cisco is launching a $1b global investment fund to expand and develop secure, reliable and trustworthy ai solutions cisco is making strategic investments with world-class start-ups across software and infrastructure that build upon cisco's strategy to connect and protect the ai era cohere, mistral ai and scale ai among the initial genai startups joining the cisco investments portfolio to help build a broader ai ecosystem las vegas , june 4, 2024 /prnewswire/ -- cisco live -- cisco investments, the global corporate venture investment arm of cisco (nasdaq: csco), today launched a $1b ai investment fund to bolster the startup ecosystem and expand the development of secure and reliable ai solutions. as part of the new ai fund, cisco is making strategic investments in cohere, mistral ai and scale ai among others to advance customers' ai readiness and complement cisco's ai innovation strategy.
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