Wednesday, November 28, 2018

Qualcomm Launches $100M AI Investment Fund

Qualcomm announced a $100 million venture fund focused on AI start-ups

Specifically, the Qualcomm Ventures AI Fund will focus on startups that share the vision of on-device AI becoming more powerful and widespread, with an emphasis on those developing new technology for autonomous cars, robotics and machine learning platforms.


“At Qualcomm, we invent breakthrough technologies that transform how the world connects, computes, and communicates,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “For over a decade, Qualcomm has been investing in the future of machine learning. As a pioneer of on-device AI, we strongly believe intelligence is moving from the cloud to the edge. Qualcomm’s AI strategy couples leading 5G connectivity with our R&D, fueling AI to transform industries, business models and experiences.”

As part of the AI Fund, Qualcomm Ventures LLC participated in a Series A funding round for AnyVision, a world-leading face, body, and object recognition startup.


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