Qualcomm commits up to $150 mn for Strategic AI Venture Fund in India

Global chip major Qualcomm Incorporated plans to invest up to $150 million, or about ₹1,360 crore, to support India's rapidly expanding technology and AI startup ecosystem, the company said on Wednesday. The investments will be deployed through Qualcomm Ventures and will be made in startups across all stages, with a particular focus on AI for automotive, IoT, robotics, and mobile, the company said in a statement. "Qualcomm Incorporated... announced its intention to invest up to $150 million to support India ...