Qualcomm to invest up to $150 million to support India’s AI startup ecosystem
NEW DELHI: Qualcomm Incorporated on Wednesday announced its plan to invest up to $150 million to support India’s AI startup ecosystem. According to the company, the investments will be deployed through Qualcomm Ventures and will target startups at all stages, with a particular focus on AI applications in automotive, IoT, robotics, and mobile.
“Through our new Strategic AI Venture Fund, Qualcomm is investing in companies that are advancing the next chapter of AI in India,” said Cristiano Amon, President and CEO, Qualcomm Incorporated.
