Qualcomm Ventures is dedicating $100M to AI investments

Qualcomm Ventures,the corporate venture capital arm of the chipmaker, has plans to invest up to $100 million in artificial intelligence.
Specifically, Qualcommsays it will provide capital to startups building on-device AI, which is AI that runs on the end device, like a smartphone or vehicle, rather than in the cloud. The fund’s leader, Qualcomm investment director Albert Wang (pictured), says on-device AI is the future.
“Today’s AI processing is very computationally intensive,