US chipmaker Qualcomm sets up $100m fund to invest in AI startups

US chipmaker Qualcomm sets up $100m fund to invest in AI startups

A sign on the Qualcomm campus is seen, in San Diego, California, U.S. November 6, 2017. REUTERS/Mike Blake

Qualcomm Inc has set up a $100-million fund that will invest in startups working on artificial intelligence technologies, the U.S. chip-maker said on Wednesday.

The fund, Qualcomm Ventures AI Fund, has already made its first investment via a Series A funding round of AnyVision, a face, body, and object recognition startup, the company said, without disclosing the amount.

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