10 AI News Stories You Can’t Miss

6. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Hedge Fund Holders: 60

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational digital communications technology company, integrating AI-powered capabilities across its entire product and customer service portfolio.

On November 19, Cisco Systems, Inc. (NASDAQ:CSCO) announced findings from its second annual AI Readiness Index. Almost 80,000 organizations took part in the report, unveiling a significant gap between the urgency to deploy AI and their readiness to do so. Global AI readiness across enterprises has declined since last year, from 14% to 13%. The decline signifies how businesses are facing challenges adapting to AI’s rapid evolution.

“Eventually there will be only two kinds of companies: those that are AI companies, and those that are irrelevant. AI is making us rethink power requirements, compute needs, high-performance connectivity inside and between data centers, data requirements, security and more. Regardless of where they are on their AI journey, organizations need to be preparing existing data centers and cloud strategies for changing requirements, and have a plan for how to adopt AI, with agility and resilience, as strategies evolve.”

-Jeetu Patel, Chief Product Officer at Cisco.