Cisco forms consortium to train individuals in digital skills and partners with tech companies

From Nasdaq: 2024-04-05 12:00:00

Cisco Systems has launched an AI-Enabled Information and Communication Technology (ICT) Workforce Consortium with top companies like Microsoft, Intel, and Google. The goal is to train over 95 million individuals globally in digital skills, with commitments from members like Microsoft to train and certify 10 million people by 2025.

To address the impact of AI on the workforce, Cisco is expanding its portfolio through collaborations with leading tech companies like NVIDIA, Ford, and BBVA. The partnership with NVIDIA aims to provide AI infrastructure solutions, while working with Ford brings Webex app integration to vehicles for seamless remote work connectivity.

Despite growth initiatives, Cisco’s shares have declined 4.8% this year. Challenges from a cautious economic environment have impacted the company’s top-line growth. For Q3 fiscal 2024, revenues are expected to be between $12.1 billion and $12.3 billion, with non-GAAP earnings per share anticipated to be between 84 cents and 86 cents.

Zacks Senior Stock Strategist, Kevin Cook, identifies 5 AI-focused stocks with significant growth potential, highlighting the sector’s projected economic impact of $15.7 Trillion by 2030. Investing in automation that streamlines tasks and enhances productivity is key for companies looking to leverage AI advancements for future growth and success. Download the Free ChatGPT Stock Report for more insights and recommendations.



Read more at Nasdaq: Cisco (CSCO) Forms Consortium to Highlight AI Impact on Tech