Qualcomm launches $ 100 million investment fund for AI

Qualcomm Incorporated (NASDAQ: QCOM), the world leader in next-generation wireless technologies, has launched a new fund focused on artificial intelligence.

the Qualcomm Ventures AI Fund will invest up to $ 100 million in startups developing a new artificial intelligence technology for autonomous cars, robotics and machine learning platforms, focusing on those sharing Qualcomm's vision of creating an integrated artificial intelligence.

The fund also announced the first investment in Anyvision, a face, body and object recognition startup whose use of built-in AI to the device minimizes data propagation, thereby mitigating privacy issues.
This investment will strengthen its efforts to expand to other industries and develop new applications of artificial intelligence that transform the way the world connects, calculates and communicates.

Led by Quinn Li, Qualcomm Ventures is the venture capital arm of Qualcomm, which strategically invests in technology companies that have been transforming the world since 2000.

The investment team also includes:
– Albert Wang, director
– Alexandre Villela, Director General
– Boaz Peer, director
– Carlos Kokron, Vice President and General Manager
– Ethan Cho, Senior Investment Manager
– Hong Qian, director
– James Shen, Vice President and General Manager
– Jason Ball, General Manager
– Merav Weinryb, Managing Director
– Rama Bethmangalkar, director
– Richard Tapalaga, director
– Song Mao, director
– Swapna Gupta, Senior Investment Manager
– Thomas Kluz, Senior Investment Manager
– Varsha Tagare, General Manager
– Varun Jain, director
– Yan Li, director

FinSMEs

29/11/2018