SAN FRANCISCO, Nov. 28, 2018 /PRNewswire/ -- Qualcomm
Incorporated (NASDAQ: QCOM) today announced the launch of the
Qualcomm Ventures AI Fund to invest up to an aggregate of
$100 million in startups transforming
artificial intelligence. The 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. This fund builds on
more than a decade of Qualcomm's AI research and its heritage of
developing the foundational building blocks of low power processing
and connectivity, which are essential for AI.
The full release is available on the Qualcomm News Center
website at
(https://www.qualcomm.com/news/releases/2018/11/28/qualcomm-launches-100m-ai-investment-fund)
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world computes, connects and communicates. When we connected
the phone to the Internet, the mobile revolution was born. Today,
our inventions are the foundation for life-changing products,
experiences, and industries. As we lead the world to 5G, we
envision this next big change in cellular technology spurring a new
era of intelligent, connected devices and enabling new
opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, all of our engineering,
research and development functions, and all of our products and
services businesses, including the QCT semiconductor business. For
more information, visit Qualcomm's website, OnQ blog, Twitter and
Facebook pages.
About Qualcomm Ventures
As the Venture Capital investment group of Qualcomm
Incorporated, a world leader in next-generation wireless
technologies, Qualcomm Ventures, through affiliated entities,
including Qualcomm Ventures LLC, has been making strategic
investments in technology companies that have the potential to
dramatically transform our world since 2000. As a global
investor, we're focused on building the connections that bring our
mobile future forward. For more information please visit:
www.qualcommventures.com.
Qualcomm Contacts:
Pete Lancia, Corporate
Communications
1-858-845-5959
corpcomm@qualcomm.com
John Sinnott, Investor
Relations
1-858-658-4813
ir@qualcomm.com
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SOURCE Qualcomm Incorporated