Cisco launches $1 billion global artificial intelligence investment fund

Cisco's global corporate venture capital department launched a $1 billion artificial intelligence investment fund on June 4th to support the startup ecosystem and expand the development of AI solutions. As part of the new AI fund, Cisco will make strategic investments in companies such as Cohere, Mistral AI, and Scale AI. So far, Cisco has allocated nearly $200 million from the $1 billion investment fund.