Cisco invests $1 billion in AI


Cisco announced a $1 billion AI investment fund at its own trade show ‘Cisco Live 2024’. This is intended to accelerate the development of your own AI solutions and strengthen the startup ecosystem.

The topic of artificial intelligence also dominated announcements at Cisco’s big internal trade show in Las Vegas. At last year’s event, Cisco CEO Chuck Robbins joked that he wouldn’t be allowed on stage if he didn’t say “AI” at least seven times in his keynote (close professional reported).


This year, the manufacturer unveiled concrete investments and products with AI. Robbins announced a $1 billion AI investment fund, a new AI specialization for partners, and new AI-supported features for customers.


Cisco is uniquely positioned to revolutionize the way infrastructure and data connect and protect businesses of all sizes, the CEO emphasized: “We are confident that Cisco is the right strategic partner for our customers in this era of AI.”


Billion dollar AI investment fund

Cisco Live2024

Cisco has launched a $1 billion AI investment fund, designed to accelerate the development of your own AI solutions and strengthen the startup ecosystem.


In addition to French AI unicorn “Mistral AI”, “Cohere” and “Scale Al” will be the first GenAl startups added to Cisco Investments’ portfolio to support the development of a broader AI ecosystem.


Mistral AI develops new GenAI-Models for Enterprise. Headquartered in Toronto and San Francisco, Cohere provides security-focused Large Language Models (LLMs) and Retrieval-Augmented Generation (RAG) capabilities for AI-powered use of business-specific data.


The American company Scale Al offers a data-centric, end-to-end platform for training and validating AI applications.


In recent years, Cisco has also made more than two dozen AI-focused acquisitions and investments to leverage Cisco’s capabilities GenAI And Machine learning and promote the integration of AI into its portfolio.


  1. Cisco invests $1 billion in AI
  2. AI Specialization Training for Partners

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