Qualcomm's $150 Million Push to Fuel India's AI Innovation

Qualcomm Incorporated announces a $150 million investment to bolster India's tech and AI startups. The initiative, part of the Strategic AI Venture Fund, targets advancements in AI across sectors like automotive, IoT, and robotics. Qualcomm CEO highlights AI's integration into daily tech, enhancing user experiences.

Qualcomm Incorporated has revealed a substantial investment plan, earmarking up to USD 150 million, or approximately Rs 1,360 crore, to invigorate the burgeoning technology and AI startup scene in India.

This initiative will be funneled through Qualcomm Ventures, focusing on nascent companies across all developmental stages, emphasizing AI applications in automotive, IoT, robotics, and mobile sectors.

The timing of this announcement aligns with CEO Cristiano Amon's involvement at the India AI Impact Summit in New Delhi, underscoring Qualcomm's commitment to fostering breakthrough advancements in AI technology that drive innovation and enrich user experiences.

(With inputs from agencies.)