Qualcomm announced new fund that will invest $100 million in artificial intelligence startups with focus on on-device computing and 5G

Briefing

December 28, 2018

Briefing	$100 Million AI Fund – Qualcomm launched Ventures AI fund, which will invest $100 million in early-stage artificial intelligence (AI) startups, at 5G & AI Summit in San Francisco on November 28, 2018 On-Device AI – Focused on edge AI computing or on-device AI where computation is conducted at end-device instead of cloud Goal – Make on-device AI technology ubiquitous by inventing, developing, commercializing, and investing in it Initial Startup Investment – Invested initially in AnyVision, Israeli startup that is world leader in face, body, and object recognition, with technology that minimizes spread of data through on-device computing Mobile AI and 5G – Envisions mobile to be pervasive platform for AI and is integrating AI efforts with 5G development
Accelerator	Artificial Intelligence, Mobile and Wearable Devices
Sector	Information Technology
Organization	Qualcomm Inc.
Source	"Qualcomm launches $100m AI investment fund," Qualcomm, https://www.qualcomm.com/; Clark, K., "Qualcomm Ventures is dedicating $100M to AI investments", TechCrunch, https://techcrunch.com/; Tibken, S., "Qualcomm bets $100M on new AI venture fund", CNET, https://www.cnet.com; AcceleratingBiz analysis
Original Publication Date	November 28, 2018

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