Investment funds

The National Artificial Intelligence Industry Investment Fund Partnership (Limited Partnership) was established on January 17, with a capital contribution of RMB 60.06 billion, and its scope of business includes: engaging in equity investment, investment management, asset management and other activities with private equity funds. The enterprise is co-financed by National Integrated Circuit Industry Investment Fund III (referred to as "Big Fund III") and Guozhi Investment (Shanghai) Private Equity Fund Management Co. China Internet Network Information Center released the "Generative Artificial Intelligence Application Development Report [2024]", which shows that in 2024, China's government attaches great importance to the development of artificial intelligence-related fields...

Cisco has launched a $1 billion artificial intelligence investment fund aimed at supporting the development of innovative AI technologies. Unlike other companies, Cisco emphasizes that this initiative goes beyond investing money and focuses on collaborating with companies to co-innovate. Cisco plans to become a provider and platform in the AI space, collaborating with startups to advance AI technology. Recently, Cisco announced partnerships with startups such as Cohere, Mistral AI and Scale AI to advance generative AI and big language modeling. These startups are constantly fundraising while...