- Published on June 5, 2024
- In IT Services
“Oh, Another Billion Dollars,” Chuck Robbins Says Cisco’s AI Strategy is Different
Comparing it with the cloud boom, Robbins said, “I think AI is going to be that on steroids.”
Image by Nikhil Kumar
- By Mohit Pandey
Cisco Live 2024 is proving to be a phenomenal event in Las Vegas. Apart from boasting Elton John as the star performer, the company has announced a billion-dollar AI investment fund, which CEO Chuck Robbins claims is not just another fund.
“Everybody yawns when you hear about a billion dollars in AI these days — ‘Oh, another billion dollars’,” said Robbins. He emphasised that Cisco’s strategy was quite different from others who are currently pouring billions of dollars into the industry.
Cisco Investments has unveiled a $1 billion AI investment fund to bolster the startup ecosystem and further advancements with GenAI and LLMs. Additionally, the company revealed its financial support for Cohere, Mistral AI, and Scale AI, all of which have achieved billion-dollar valu
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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