Qualcomm bets $100M on new AI enterprise fund
With regards to AI, Qualcomm’s betting huge.
The corporate on Wednesday mentioned it plans to start out a enterprise fund to speculate no less than $100 million in early stage startups engaged on synthetic intelligence. Specifically, it’ll have a look at firms discovering methods to do the intensive knowledge processing on gadgets as a substitute of in distant cloud programs.
Qualcomm is simply the most recent firm to make huge investments in synthetic intelligence. Corporations like Google have lengthy targeted on the expertise, and handset big Samsung in June mentioned its Silicon Valley-based Samsung NEXT business had launched a new fund to spend money on early-stage startups ‘fixing AI issues, in addition to these utilizing AI to resolve laptop science issues.’
Synthetic intelligence has the potential to vary the way in which we use expertise and even stay. Anybody who carries a contemporary smartphone makes use of AI by Apple’s Siri or Google’s Assistant, and Amazon’s Alexa has grow to be in style for audio system and different sensible residence gadgets. Samsung jumped into the market final yr with its Bixby digital assistant that helps you management your Galaxy smartphone, TV or refrigerator.
Because the world’s greatest cellular chip maker, Qualcomm hopes to get perception into the way forward for AI and what’s wanted from its processors. It and plenty of different semiconductor firms have been specializing in new AI chips that may quickly course of data and return outcomes to customers.
On Wednesday, Qualcomm unveiled an funding in AnyVision, a startup that developed physique and facial recognition expertise ‘that’s each extremely correct and mitigates privateness considerations by using on-device AI.’