SAN FRANCISCO (dpa-AFX) - Cisco Systems, Inc. (CSCO), Tuesday announced a $1
billion global investment fund to develop artificial intelligence-powered
solutions for networking, security, and observability.

Also, the company said it would make investments in AI companies Cohere, Mistral
AI, and Scale AI to enhance customer readiness, compute infrastructure,
foundational models, model development, and AI training.

Moreover, Cisco announced Cisco Nexus HyperFabric AI clusters in collaboration
with Nvidia (NVDA) to design and deploy AI infrastructure, Cisco Hypershield to
protect AMD Pensando DPUs and Intel IPUs, AppDynamics Log Observer Connect to
make faster decisions, and a new certification course to build AI-trained
workforce.

Currently, Cisco's stock is trading at $46.78, up 0.28 percent on the Nasdaq.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX