Qualcomm establishes USD100 million investment fund to push AI development

Qualcomm Venture AI will invest in start-ups working in areas such as autonomous cars, robotics, machine learning platforms

Qualcomm has launched a USD100 million fund that will invest in start-ups working on artificial intelligence (AI) technologies, the US-based chipmaker said in a press release on 28 November. The new fund called “Qualcomm Venture AI Fund” is part of Quantum Ventures, the corporate venture capital arm of the US chipmaker.

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