Qualcomm launched a $100 million venture fund at an event here where the level of enthusiasm for machine learning ran high. China’s SenseTime alone talked about taking in $3 billion for its platform, and others gave examples of AI quadrupling productivity and saving lives.
The combination of 5G and AI is central to Qualcomm’s corporate strategy in the wake of its failed merger with NXP and slowing smartphone growth. The combination of the two technologies will expand the company’s addressable market to a smart internet of things, said chief executive Steve Mollenkopf.
