Cisco (CSCO) has reportedly agreed to invest in AI startup CoreWeave, valuing the company at $23 billion, according to Bloomberg. Cisco is the latest company to invest in CoreWeave, joining the likes of Nvidia (NVDA), Fidelity, and Jane Street.

Catalysts Hosts Seana Smith and Madison Mills report more on the story and break down what it signals about the broader AI trend.

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This post was written by Melanie Riehl