Cisco announced a $1 billion AI fund at Cisco Live, partnering with Nvidia for HyperFabric AI clusters and unveiling several security updates. The fund aims to support AI startups like Cohere, Mistral AI, and Scale AI. This move aligns Cisco with other tech giants investing in AI, but the U.S. faces stiff competition from China and other countries with substantially larger AI investments. Additional highlights from the event included the launch of Cisco Nexus HyperFabric AI and updates to their security suite.
Cisco Bets $1 Billion on AI Innovation at Cisco Live
Cisco placed a $1 billion bet on artificial intelligence (AI) on Tuesday.
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