Technology content trusted in North America and globally since 1999
8,588 Reviews & Articles | 67,060 News Posts

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 on Nov 28, 2018 11:23 pm CST - 0 mins, 59 secs reading time

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.

qualcomm-ventures-sets-aside-100-million-ai-investments_03

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".

Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

Related Tags