India, Feb. 18 -- Qualcomm Incorporated has announced its intention to invest up to USD 150 million in India's technology and AI startup ecosystem. The investment will be deployed through Qualcomm Ventures and will support startups at various stages of growth.

The initiative places a particular emphasis on AI applications across automotive, IoT, robotics and mobile technologies. The announcement coincides with CEO Cristiano Amon's participation in the India AI Impact Summit in New Delhi.

The Qualcomm $150 million AI startup investment in India will be channelled through a newly announced Strategic AI Venture Fund. According to Cristiano Amon, President and CEO, Qualcomm Incorporated, the fund is designed to support companies advancing t...