Qualcomm Launches $100M AI Investment Fund

SAN FRANCISCO, Nov. 28, 2018 /PRNewswire/ -- Qualcomm Incorporated (NASDAQ: QCOM) today announced the launch of the Qualcomm Ventures AI Fund to invest up to an aggregate of $100 million in startups transforming artificial intelligence. The fund will focus on startups that share the vision of on-device AI becoming more powerful and widespread, with an emphasis on those developing new technology for autonomous cars, robotics and machine learning platforms. This fund builds on more than a decade of Qualcomm's AI research and its heritage of developing the foundational building blocks of low power processing and connectivity, which are essential for AI.

The full release is available on the Qualcomm News Center website at

(https://www.qualcomm.com/news/releases/2018/11/28/qualcomm-launches-100m-ai-investment-fund)

About Qualcomm

Qualcomm invents breakthrough technologies that transform how the world computes, connects and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including the QCT semiconductor business. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.

About Qualcomm Ventures

As the Venture Capital investment group of Qualcomm Incorporated, a world leader in next-generation wireless technologies, Qualcomm Ventures, through affiliated entities, including Qualcomm Ventures LLC, has been making strategic investments in technology companies that have the potential to dramatically transform our world since 2000.  As a global investor, we're focused on building the connections that bring our mobile future forward.  For more information please visit: www.qualcommventures.com.

Qualcomm Contacts:
Pete Lancia, Corporate Communications
1-858-845-5959
corpcomm@qualcomm.com

John Sinnott, Investor Relations
1-858-658-4813
ir@qualcomm.com

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SOURCE Qualcomm Incorporated