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CISCO LAUNCHES $1B GLOBAL AI INVESTMENT FUND

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Cisco is launching a $1B global investment fund to expand and develop secure, reliable and trustworthy AI solutionsCisco is making strategic investments with world-class start-ups across software and infrastructure that build upon Cisco’s strategy to connect and protect the AI eraCohere, Mistral AI and Scale AI among the initial GenAI startups joining the Cisco Investments portfolio to help build a broader AI ecosystem

LAS VEGAS, June 4, 2024 /PRNewswire/ — CISCO LIVE — Cisco Investments, the global corporate venture investment arm of Cisco (NASDAQ: CSCO), today launched a $1B AI investment fund to bolster the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI and Scale AI among others to advance customers’ AI readiness and complement Cisco’s AI innovation strategy. Cisco has already committed nearly $200M of the $1B investment fund to date.

AI is reshaping every industry and the world at an unprecedented pace, putting greater emphasis on how businesses globally interact and rely on technology. Recent research from IDC (2023) indicates that the global AI market is expected to double in size to over $500 billion in the next three years. Enterprises, including Cisco, have an opportunity to leverage Gen AI to significantly enhance their products and services and better serve their customers and end users.  

“For more than 30 years, Cisco Investments has invested and partnered with hundreds of companies to drive innovation both within Cisco’s core markets and in new strategic areas. Our recent investments in generative AI companies align perfectly with this long-standing strategy,” said Mark Patterson, Chief Strategy Officer, Cisco. “At Cisco, we believe we are well positioned to be the best strategic partner for our customers in the AI era as they look to build, secure, and power AI. In addition to building essential technology to connect, secure and advance AI, Cisco is committed to investing in the broader AI ecosystem to more effectively meet our customers’ needs.”

Over the past several years, Cisco has made over 20 AI-focused acquisitions and investments, furthering GenAI and Machine Learning capabilities and integration of AI across the Cisco portfolio. These strategic investments and partnerships with world-class AI platforms across software and infrastructure build upon Cisco’s holistic strategy to connect and protect the AI era. In addition to these investments, Cisco will also be working with AI companies on product collaborations that allow Cisco to co-innovate, while also being an agnostic provider and platform player in AI, offering options and coverage for Cisco’s global customer base.

The committed investments in the new AI fund include:

Cohere: Headquartered in Toronto and San Francisco, Cohere provides security-focused frontier large language models (LLMs) and industry-leading Retrieval-Augmented Generation (RAG) capabilities tailored to meet the needs of enterprises.Mistral AI: Mistral AI is a global company headquartered in Paris specializing in generative artificial intelligence. The company develops new models of generative artificial intelligence for businesses, combining scientific excellence, an open approach and a responsible vision of technology.Scale AI: Based in the U.S., Scale AI provides a data-centric, end-to-end platform providing training and validation for AI applications. Cisco recently participated in Scale AI’s Series F funding as the round’s largest strategic investor.

“The establishment of our $1 billion AI investment fund is a testament to our commitment to the transformative power of artificial intelligence and its potential to redefine industries globally,” said Derek Idemoto, SVP, Corporate Development and Cisco Investments. “This fund represents our unwavering commitment to AI and innovation, and to the entrepreneurs and visionaries who are defining the next wave of technology.”

Cisco has a rich history of delivering innovation through R&D, Investments, M&A, and strategic partnerships—using a multi-pronged build, buy, partner, invest and co-develop strategy. Today’s announcement builds on the momentum of Cisco’s investments and product innovations in AI, while reinforcing that Cisco is well-positioned to help enterprises harness the power of secure, reliable and trustworthy AI on a global scale.

Additional Resources:

For more information on Cisco Live, please visit The Newsroom

About Cisco 
Cisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals.

Discover more on The Newsroom and follow us on X (formerly Twitter) at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word ‘partner’ does not imply a partnership relationship between Cisco and any other company.

Forward-Looking Statements: This release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements regarding Cisco’s future strategic investment plans to expand and develop secure and reliable AI solutions. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors, including, among other things, the ability of Cisco to achieve expected benefits of its investments, business and economic conditions and growth trends in its customer markets and various geographic regions, increased competition, global economic conditions and uncertainties in the geopolitical environment and other risk factors set forth in Cisco’s most recent reports on Form 10-K and 10-Q, respectively. Any forward-looking statements in this release are based on limited information currently available to Cisco, which is subject to change, and Cisco will not necessarily update the information.

Media Contact:
Will Stickney
Wstickne@cisco.com
646-573-4532

 

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SOURCE Cisco Systems, Inc.

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iQIYI AIGC Series “The Ferry Man” Exceeds RMB 8 Million in Revenue-Sharing as Third Instalment Debuts on October 1

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BEIJING, Oct. 1, 2026 /PRNewswire/ — iQIYI, China’s leading online entertainment platform, announced that the cumulative revenue-sharing, a model where production partners share earnings with iQIYI based on viewership, box office for its AIGC film series “The Ferry Man” has surpassed RMB 8 million (US$1.2 million) as of September 23, marking a new milestone for the series. This comes as the third instalment, “The Ferry Man: The Dream of the Princess”, debuts on October 1 on iQIYI and iQIYI International.

Produced by iQIYI and GHY Culture & Media, the series’ first two titles, “The Ferry Man: Butterfly Dream” and “The Ferry Man: The Dream of the Celestial Maiden”, were released simultaneously on August 22 on iQIYI and iQIYI International, and quickly gained commercial traction, reflecting growing market confidence in iQIYI’s AI-driven premium content.

Rooted in traditional Chinese culture, “The Ferry Man” is an established IP spanning long-form drama, online films, musicals, and short-form series, blending mythology, folklore, and contemporary themes. The new films use AI production to render classical Chinese philosophical imagery as cinematic worlds.

Redefining Production Efficiency

The success of “The Ferry Man” series demonstrates a robust end-to-end AIGC value chain, one that successfully integrates production efficiency, market validation, and strong financial returns. By incorporating AI into its core workflow, iQIYI has fundamentally optimized the filmmaking process.

According to Zhichao LI, producer of the series, the first two films moved from project initiation to launch in less than four months. “AI significantly improved efficiency during the preparation and production stages,” Li said, noting that the script development and post-production processes remained largely consistent with traditional film and television workflows.

During production, AIGC was used to generate visual assets for concept design, sets, props, and other art elements, which could then be directly turned into video based on the director’s creative requirements. This simplified parts of the traditional production process, including physical shoots and scene transitions, while giving creators greater flexibility. For a key scene in “The Ferry Man: The Dream of the Celestial Maiden”, AI generation also streamlined a process that would traditionally involve months of visual effects and green-screen production, significantly improving production efficiency and making complex scenes more feasible to produce.

Leveraging Digital Assets for Long-Term Value

Unlike traditional productions, “The Ferry Man” series builds lasting digital asset value through AIGC. The three lead actors licensed their likenesses and provided their own voiceovers, with digital character assets, scenes, and props developed as standardized, reusable assets. These assets enable the upcoming third film to maintain visual consistency while significantly reducing production costs, establishing a scalable model for serialized content development.

Market Validation through Data-Driven Models

The commercial performance of “The Ferry Man” series further validates the viability of AIGC content as a financially sustainable production model. Through iQIYI’s revenue-sharing model, the series recovered its full production costs within the first week and surpassed RMB8 million in cumulative box office within the first month, with figures continuing to grow. This rapid market feedback also enables producers to adjust subsequent creative decisions in a timely manner, reducing the time and cost of iteration.

The series also builds on iQIYI’s continued exploration of long-form AIGC filmmaking, following “Mystic Tales – The Spider Lady’s Vendetta” — China’s first AIGC internet feature film released under an Internet Drama and Film Distribution License.

iQIYI Press
press@qiyi.com

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SOURCE iQIYI

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“a-nation 2026”, One of Japan’s Largest Music Festivals, to Stream Live for Free on the Official Avex YouTube and TikTok Channels

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TOKYO, Sept. 29, 2026 /PRNewswire/ — “a-nation 2026” will be streamed live for free on Avex’s official YouTube and TikTok channels. The festival will take place on Saturday, October 3, and Sunday, October 4, 2026, at the a-nation special venue in Odaiba, Tokyo.

“a-nation” is one of Japan’s largest outdoor music festivals, presented annually since 2002 by Avex, one of the world’s leading entertainment companies. With a diverse lineup that transcends musical genres, the festival has captivated more than six million people to date.

Now in its 22nd edition, a-nation will be held in autumn for the first time and will return to Odaiba, Tokyo, for the first time in 23 years. Over the two-day festival, a total of 39 artists will take the stage, including opening acts and performers at the PARK STAGE.

“a-nation 2026” Live Streaming: Overview
Platforms: Avex official YouTube and TikTok
Streaming Schedule:
Saturday, October 3: 12:25 PM (JST)
Sunday, October 4: 12:10 PM (JST)

【Viewing URL & Live Streaming Artists】
【Day 1】Saturday, October 3
YouTube: https://youtube.com/live/0KyO5GgOJBY
TikTok: https://www.tiktok.com/@avex_official
Artists: EXILE, Bullet Train, CHANYEOL, WINNER, NCT JNJM, NCT WISH, NEXZ, KickFlip, ONE OR EIGHT, Be-ray, Girls², VIBY
Opening Acts: BOKUAO, Pasmal, GPP, KRUNK

【Day 2】Sunday, October 4
YouTube: https://youtube.com/live/CdTcf0WVFps
TikTok: https://www.tiktok.com/@avex_official
Artists: ayumi hamasaki, J.Y. Park, Da-iCE, TRF, JUN. K, AK-69, Novelbright, FANTASTICS, ONE N’ ONLY, SHOW-WA & MATSURI, THE JET BOY BANGERZ, Ami Suzuki, GENIC, VIBY, THE MADE IN TOHOKU
Opening Acts: @onefive, PG, ONE LOVE ONE HEART

*Streaming artists and times are subject to change. Some performances may be streamed only in part due to production reasons.
*The livestream will be available free of charge to all viewers.
*No replays or archive streaming will be available.
*Rewind and catch-up playback will not be available.
*Please be aware of fake accounts, spam posts, and suspicious links impersonating the official a-nation livestream.
*PARK STAGE performances will not be streamed.

“a-nation 2026” Official Site: https://a-nation.net/

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SOURCE avex

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New IBM CHRO Study: Canadian Employees Worry AI Is Eroding Skills as Critical Thinking Gains Importance

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62% of Canadian employees worry AI is eroding their skills54% of Canadian employees and 55% of Canadian CHROs say critical thinking and problem framing are among the skills that matter most in the AI era

MARKHAM, ON, Oct. 2, 2026 /CNW/ — A new global study from the IBM (NYSE: IBM) Institute for Business Value points to a disconnect between the skills Chief Human Resource Officers (CHROs) say AI requires and those employees prioritize. While 68% of Canadian CHROs identify the ability to supervise, validate and override AI outputs as the workforce’s most essential skill, only 29% of Canadian employees rank judgement as important.

The study,* which surveyed 1,500 CHROs and 8,800 employees globally, finds that 62% of Canadian employees worry about skills erosion, with critical thinking cited most often as declining. At the same time, Canadian CHROs identify critical thinking (55%) and human judgement (49%) as among the workforce’s most important capabilities.

The findings also show that organizations creating the greatest value from AI are redesigning work, decision-making and workforce capabilities around people and technology. Globally, organizations that clearly define workflows as human-led, AI-assisted or AI-executed achieve 18% risk reduction and 20% quality improvement. Yet, 37% of Canadian organizations do not involve the CHRO when AI strategy is being defined.

“As AI becomes more deeply embedded in how work gets done, organizations have an opportunity to strengthen the human capabilities that matter most,” said Brandon-Jo Mouna, Director, Human Resources, IBM Canada. “Critical thinking, judgement and the ability to challenge AI-generated outputs will become increasingly important as employees work alongside AI. Organizations that intentionally develop those capabilities will be better positioned to create value from AI while preparing their workforce for the future.”

“Offering an organization a design framework for transformation is HR work. It’s actually the HR work everyone aspires to,” geneviève bich, Vice President, Human Resources (CHRO), METRO and Board member

Other key findings include:

Concerns about skills erosion reinforce the importance of judgement and critical thinking

Among Canadian employees who worry about skills erosion, 69% say AI has already begun to erode at least some of their skills.Skills erosion ranks among Canadian CHROs’ top concerns, cited by 45% of respondents.54% of Canadian employees and 55% of Canadian CHROs say critical thinking and problem framing are among the skills that matter most in the AI era.Globally, where judgement is built into how work is done, 62% of CHROs report growing employee confidence in AI-enabled decisions; where it is not, 57% report confidence declining.

AI accountability gaps are impacting employees

39% of Canadian employees report that when something goes wrong with AI, the blame falls on them.32% of Canadian CHROs say unclear accountability complicates AI deployment.39% of Canadian CHROs report a joint roadmap with IT backed by a shared operating cadence, and 72% say they struggle to coordinate consistently across the C-suite.Globally, where the CHRO at least shares responsibility for which decisions remain human-led, 76% of employees feel safe to question or override AI recommendations, compared with 43% where HR is merely advisory.

AI gains are creating new pressure on the workforce

87% of Canadian CHROs believe AI adoption creates “invisible” work for employees, including validating recommendations, fixing mistakes, providing context and managing exceptions.51% of Canadian employees say AI increases their work or their work goes unrecognized.45% of Canadian CHROs say AI productivity gains are primarily reinvested for innovation or reskilling.

HR is expected to lead AI transformation, but its own adoption lags

63% of Canadian organizations make limited or no use of AI inside the HR function.Canadian CHROs rate HR’s capabilities particularly low in AI literacy across the team (23%), AI performance measurement (20%) and change management for AI adoption (24%).At a global level, organizations with mature HR AI capability, including governance, architecture and measurement, are nearly twice as likely to report a higher number of positive business KPIs.

To view the full study, visit: https://www.ibm.com/thought-leadership/institute-business-value/en-us/c-suite-study/chro.

*Study Methodology:

The IBM Institute for Business Value, in collaboration with Oxford Economics, conducted two complementary surveys from April to June 2026. The first survey gathered insights from 1,500 CHROs and equivalent senior executives, including 75 Canadian executives,  responsible for workforce strategy on how they design work, culture and the workforce for an AI-enabled enterprise across 21 geographies and 23 industries. Executive respondents represented organizations of varying sizes and sectors, from USD250 million to USD123.7 billion in annual revenue or budget and from 200 to more than 880,000 employees. The second survey polled 8,800 full-time employees, including 452 Canadian employees, spanning 28 countries to capture their experience with AI at work. Additional analysis was conducted to identify organizations converting AI into growth versus those converting it into savings, segmenting organizations by strategic maturity based on capabilities and culture readiness.

The IBM Institute for Business Value, IBM’s thought leadership think tank, combines global research and performance data with expertise from industry thinkers and leading academics to deliver insights that help business leaders make informed decisions. For more information, visit www.ibm.com/ibv.  To receive more insights, subscribe to the IdeaWatch newsletter: https://ibm.co/ibv-ideawatch.

Media Contact:
Lorraine Baldwin
IBM Canada Communications
lorraine@ca.ibm.com 

SOURCE IBM

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