10 AI Stocks Investors are Watching Closely

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

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO) is an American technology company that provides information technology and networking services. On January 15, the company announced Cisco AI Defense, an end-to-end solution designed to protect the development of and use of AI applications for enterprises. The advancement in AI technology brings with it numerous safety concerns and security threats. The introduction of Cisco AI Defense aims to address these challenges, helping businesses develop, deploy, and secure AI applications with confidence and ease.

“Business and technology leaders can’t afford to sacrifice safety for speed when embracing AI. In a dynamic landscape where competition is fierce, speed decides the winners. Fused into the fabric of the network, Cisco AI Defense combines the unique ability to detect and protect against threats when developing and accessing AI applications without tradeoffs”.

– Jeetu Patel, Executive Vice President and Chief Product Officer, Cisco.