tiprankstipranks
Trending News
More News >

Cisco joins Stargate UAE consortium

Cisco (CSCO) announced the signing of a Memorandum of Understanding to join the Stargate UAE consortium as a preferred technology partner. The strategic MoU, signed by Cisco together with other consortium partners, G42, OpenAI, Oracle (ORCL), Nvidia (NVDA) and SoftBank Group (SFTBY), envisions the construction of an AI data center in Abu Dhabi with a target capacity of 1 GW, with an initial 200 MW capacity to be delivered in 2026. As a partner in this initiative, Cisco will provide advanced networking, security and observability solutions to accelerate the deployment of next-generation AI compute clusters. “With the right infrastructure in place, AI can transform data into insights that empower every organization to innovate faster, tackle complex challenges, and deliver tangible outcomes,” said Chuck Robbins, Cisco Chair and CEO. “Cisco is proud to join this consortium to harness the power of AI and deliver the infrastructure that will enable tomorrow’s breakthroughs.”

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue