15 AI News Investors Should Not Miss

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

Number of Hedge Fund Holders: 61

Cisco Systems, Inc. (NASDAQ:CSCO) is an American multinational digital communications technology conglomerate corporation that offers a wide array of technology innovations. The technology leader offers AI-native infrastructure and solutions. Currently, AI makes 2% of the company’s revenue, but analysts are positive about its AI opportunities as the company taps into a larger Ethernet market.

On October 23, Cisco Systems, Inc. (NASDAQ:CSCO) announced that it has unveiled new AI solutions for enhancing employee connection and collaboration. New innovations, including Cisco Spatial Meetings, Ceiling Microphone Pro, and new Cisco AI Assistant for Webex capabilities are aimed to transform work and workspaces. Designed to enable “Distance Zero”, an experience where attendees feel like they are in the same room even if they are not, manage smart workspaces, and advance employee productivity and engagement, Cisco’s AI solutions are helping to advance collaboration and empower employees with equitable and exceptional experiences.

“With AI baked into every part of Cisco’s product portfolio, we’re helping organizations futureproof their workspaces with solutions ready for the next generation of how and where people work. We’re providing our customers with intelligent, adaptable, and easy-to-manage technology that enhances experiences for their employees and customers.”

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