Qualcomm Announces AI Investment Fund, Backs AnyVision -- Update
November 28 2018 - 5:29PM
Dow Jones News
By Josh Beckerman
Qualcomm Inc. (QCOM) said it has launched a $100 million
investment fund focused on artificial intelligence.
Qualcomm also announced an investment in AnyVision, which
provides services including facial and object recognition.
Bosch Building Technologies said in June that it would buy a 9%
stake in AnyVision. Bosch led the $28 million of Series A financing
that AnyVision disclosed in July. At the time, AnyVision said the
funding included "two prominent U.S. private equity groups."
AnyVision serves markets including public safety, airports,
sports and entertainment, banks and "smart cities." The company's
Better Tomorrow platform "can also be leveraged for commercial
purposes," according to the company's website, providing details on
topics such as "heavy shoppers."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
November 28, 2018 18:14 ET (23:14 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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