Qual­comm fund for AI

Global Times US Edition - - BUSINESSOV­ERVIEW -

Qual­comm Inc has set up a $100 mil­lion fund that will in­vest in start-ups work­ing on ar­ti­fi­cial in­tel­li­gence (AI) tech­nolo­gies, the US chip­maker said on Wed­nes­day.

The Qual­comm Ven­tures AI Fund has al­ready made its first in­vest­ment via a Se­ries A fund­ing round of AnyVi­sion, a face, body and ob­ject recog­ni­tion start-up, the com­pany said without dis­clos­ing the amount. The new fund will fo­cus on AI that will be used in au­ton­o­mous cars, ro­bot­ics and ma­chine-learn­ing plat­forms.

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