Cisco Investments, the global corporate venture investment arm of Cisco, has launched a $1 billion AI investment fund to support the development of innovative AI solutions. The fund aims to strengthen the startup ecosystem and improve customer readiness for AI. Cisco has already committed nearly $200 million to investments in companies such as Cohere, Mistral … Read more
Popular streamer Dior has reported that Microsoft is looking to make a massive $16 billion bid to purchase Steam, the largest PC gaming distribution platform. The streamer claims that Microsoft is valuing Valve, Steam’s parent company, at an overall evaluation of $80 billion, with the $16 billion offer being in cash. This potential acquisition could … Read more
Cisco’s recent announcement of a $1 billion fund dedicated to investing in AI startups reflects its commitment to strengthening its presence in the rapidly growing AI industry. CEO Chuck Robbins unveiled the fund at the “Cisco Live” event in Las Vegas, underscoring the company’s goal of fostering innovation and assisting companies in navigating the complex … Read more
A proposed class action lawsuit has been filed against Citrix Systems Inc.’s former chairman, Robert Calderoni, over the company’s $16.5 billion leveraged buyout by affiliates of Vista Equity Partners Management LLC and Elliott Investment Management LP. Calderoni, who was also Citrix’s interim CEO at the time of the transaction, is accused of deflating the company’s … Read more
Short positions in NVIDIA Corporation surged this week as the company surpassed Apple Inc to become the second most valuable company on Wall Street. Data from S3 Partners revealed that short positions in Nvidia reached $34.4 billion, making up about 1% of the company’s total market capitalization. This marked a significant increase compared to short … Read more
The global Cloud Analytics Market is expected to experience significant growth over the next few years, expanding from $35.7 billion in 2024 to $118.5 billion in 2029 at a CAGR of 27.1%. Cloud analytics involves utilizing business intelligence or data analysis within a cloud environment, eliminating the need for local data storage and computing infrastructure. … Read more
Cisco Investments, the corporate venture investment arm of Cisco, has announced the launch of a $1 billion AI investment fund to support the startup ecosystem and enhance the development of secure AI solutions. The fund has already allocated nearly $200 million to companies like Cohere, Mistral AI, and Scale AI, with a focus on improving … Read more
Cisco has announced the launch of a $1 billion fund dedicated to investing in startups and solutions focused on artificial intelligence (AI). The fund is part of Cisco’s efforts to advance technology and innovation in the AI space. The company is seeking to support promising AI startups and solutions that have the potential to make … Read more
Blue Diamond Growers, the leading U.S. brand for almonds and almond milk, is upgrading its wireless network infrastructure with a Wi-Fi 6E-enabled solution from HPE Aruba Networks. This upgrade will enhance connectivity for mobile and IoT devices at the cooperative’s three manufacturing facilities, which process about one billion pounds of almonds annually. The new network … Read more
According to data from S3 Partners reported by Reuters, short bets against Nvidia have reached a substantial $34 billion. This indicates that a large number of investors are wagering that the stock price of Nvidia will decrease in the near future. Short selling involves borrowing shares of a company to sell on the open market … Read more