Cisco Systems Company

Cisco has launched a $1 billion artificial intelligence investment fund aimed at supporting the development of innovative AI technologies. Unlike other companies, Cisco emphasizes that this initiative goes beyond investing money and focuses on collaborating with companies to co-innovate. Cisco plans to become a provider and platform in the AI space, collaborating with startups to advance AI technology. Recently, Cisco announced partnerships with startups such as Cohere, Mistral AI and Scale AI to advance generative AI and big language modeling. These startups are constantly fundraising while...

Cisco has led a joint effort with Microsoft and eight other companies to form the AI-Enabled ICT Workforce Consortium, which plans to train more than 95 million people in the AI field over the next 10 years. The alliance, known as The AI-Enabled ICT Workforce Consortium, is led by Cisco, with eight companies including Accenture, Eightfold, Google, IBM, Indeed, Intel, Microsoft and SAP. In addition, the consortium employs a number of industry groups, including the American Federation of Labor and...