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Qualcomm Ventures sets aside $100 million for AI investments

Qualcomm ramps up AI investments with a $100 million pledge into on-device AI

By Anthony Garreffa from Nov 28, 2018 @ 23:23 CST

Qualcomm Ventures has just announced a $100 million investment into the future of artificial intelligence, with the corporate venture capital arm of the Snapdragon giant putting the gauntlet down on AI.

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While most other companies are working on AI that sits in the cloud, Qualcomm is getting things working closer to home: on-device AI. Qualcomm will be using its $100 million investment to give startups funding for on-device AI that runs on the actual device, whether it be a smartphone or a self-driving car, versus the cloud. The future of AI isn't in the cloud according to Qualcomm, but rather on-device AI.

Albert Wang, Qualcomm Investment Director, explained: "Today's AI processing is very computationally intensive. When you're talking to Alexa, nothing is processed on your device, it gets taken to the cloud and gets scrunched there. There are a few problems with that - performance deteriorates, it consumes a lot of bandwidth and there are privacy issues. Imagine you have an Alexa that is more private and user-friendly, you ask the questions and can get the answers instantly. It doesn't take the round trip all the way to the cloud".

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