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Latest news

Cisco's $1 Billion AI Investment Fund: A Strategic Move for Future Growth

Cisco Systems, Inc. (NASDAQ: CSCO), a global leader in networking and cybersecurity solutions, announced the launch of a major $1 billion fund dedicated to investing in artificial intelligence (AI) startups. With this move, Cisco joins other essential technology companies looking to tap into this transformative potential of AI by supporting innovative small businesses at the forefront of the industry.

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Nvidia to launch world's most powerful AI chip this year

In a significant move that has stirred up a buzz across the sector as well as the investment community, Nvidia has announced the imminent delivery of its much-anticipated new chip, which is scheduled to launch in 2024. This announcement not only demonstrates the company's relentless pursuit of innovation but also sets the stage for potential changes in the technology and investment landscape.

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Disney created AI task force

Walt Disney has established a special committee to explore the potential applications of artificial intelligence (AI) within its expansive entertainment empire, despite ongoing disputes between Hollywood writers and actors over the utilization of AI in the industry. Initiated earlier this year, predating the Hollywood writers' strike, the committee's objective is to internally develop AI solutions and also establish collaborations with startups.

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Yeezy boosted margins for Adidas

Adidas provided further indications that its turnaround is gaining momentum as the sportswear giant shifts its focus towards its overall strategy, rather than the sell-off of remaining Yeezy shoes. While acknowledging that strong sales of Yeezy stocks have helped reduce the projected full-year loss, Adidas executives downplayed expectations for future releases, citing the difficulty of predicting demand for these shoes.

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Lamborghini could hit 10,000 sales

Lamborghini's CEO stated that the luxury sports carmaker could potentially sell 10,000 cars this year, marking the first time it reaches this milestone, as the company reported increased profits and revenues in the first half.[1] In the January to June period, Lamborghini sold 5,341 cars, a 4.9% increase compared to the same period last year, with the United States being its largest market.

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Rheinmetall will open tank repair centre in Ukraine

Rheinmetall, a German industrial group, has plans to establish a repair centre in Ukraine for Leopard tanks and other military equipment supplied by Germany, as per the company's CEO, Armin Papperger. The repair centre is expected to begin operations after the summer break, with Rheinmetall already training Ukrainian personnel in Germany for the job. Berlin has provided approximately 20 Leopard 2A6 tanks to Kyiv, and setting up the repair hub in Ukraine would reduce transportation distances.

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