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AI

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Cisco unveiled a $1B fund dedicated to investing in AI startups, marking a significant move to strengthen its presence in the AI industry. AI

Cisco has unveiled a $1 billion fund dedicated to investing in AI startups, marking a significant move to strengthen its presence in the AI industry. CEO Chuck Robbins made the announcement at the company’s “Cisco Live” event in Las Vegas, emphasizing that the investment, though modest by AI standards, aims to foster innovative solutions and assist businesses in navigating the AI landscape.

University of Bristol powered up Isambard-AI, the UK's fastest and most potent supercomputer, following a £225 million investment. AI

his week, the University of Bristol has powered up Isambard-AI, the UK’s fastest and most potent supercomputer, following a £225 million investment announced by the government last March. Built by Hewlett Packard Enterprise, Isambard-AI boasts over 5,000 NVIDIA superchips, enabling it to execute a staggering 200 quadrillion calculations per second. Officially named the AI Research Resource (AIRR), this supercomputer surpasses its predecessor by a factor of ten in computational power, aiming to support critical AI technology development.