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Sequoia & the Hewlett Foundation on VCs NOT raising funds, Cisco's $1B AI fund, and more! | E1973

This Week in Startups

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Investing in AI: A Billion-Dollar Bet on the Future

Cisco is making significant strides in the AI landscape by initiating a billion-dollar fund dedicated to investing in AI startups. This fund has made early commitments to companies such as Cohere, Mistral, and ScaleAI, with $200 million already deployed. Such strategic investments highlight the growing importance of AI in corporate environments and signal confidence in the technology's potential for future growth.

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