Juniper Networks invests in AI startup Recogni in $102 million funding round [Yahoo! Finance]
Juniper Networks, Inc. (JNPR)
Last juniper networks, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
Recogni said it will collaborate with Juniper Networks to build an AI inference system that can be installed in server racks. Cloud service providers have been investing billions in data center infrastructure, including servers for training AI models and AI inferencing, which involves models making predictions or decisions based on new and unseen data. "Currently, we're focused on being an infrastructure supplier into data centers, providing the compute that's needed to run the largest generative AI multimodal models," Recogni CEO Marc Bolitho told Reuters. Earlier this year, Hewlett Packard Enterprise said it would buy Juniper Networks for $14 billion in an all-cash deal, as it looks to spruce up the company's AI offerings. The AI startup is developing its second chip for generative AI with chipmaker Taiwan Semiconductor Manufacturing Co and the inference system is set to go into production in 2026, Recogni said. The startup in August unveiled a novel computing method that
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JNPR
Earnings
- 10/31/24 - Beat
JNPR
Sec Filings
- 11/19/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/31/24 - Form 8-K
- JNPR's page on the SEC website