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Qualcomm sets up $100m fund for device-based AI

Qualcomm has been working for several years on squeezing AI (artificial intelligence) capabilities into small devices. Now it has established the $100m Qualcomm AI Ventures Fund to support AI start-ups and encourage applications that will drive device-based usage (and uptake of Qualcomm chips) rather than being cloud-based. The chip designer said the fund would complement and build on its own research into low power processing and connectivity, which it says are essential to AI in small footprint devices which may not always be linked to the cloud. Particular areas of interest for the fund are AI for autonomous cars and robotics, plus specialized machine learning platforms. The first company to receive financing from the new initiative is AnyVision from Israel,…

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