TECH - What's Going On With Cisco Systems Stock On Tuesday? | Benzinga
Cisco Systems Inc (NASDAQ:CSCO) shares are ticking higher today. Cisco Investments, the global venture arm of Cisco, has introduced a $1 billion AI investment fund to support startups and enhance the development of secure AI solutions.
As part of this initiative, Cisco is making strategic investments in companies like Cohere, Mistral AI, and Scale AI to advance customer readiness and complement Cisco’s AI innovation strategy.
Nearly $200 million of the fund has already been allocated, with further investments to follow.
AI is transforming industries at an unprecedented pace, affecting global business interactions and technological reliance.
Recent research from IDC (2023) suggests that the global AI market will double to over $500 billion within three years. Cisco has a significant opportunity ...