• September 21, 2023


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Chip Maker Qualcomm Puts $100M into Metaverse Tech

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Chip manufacturer Qualcomm has recently announced it has launched a $100 million investment fund focused on technology related to metaverses.

The Snapdragon Metaverse Fund has been created to support companies and developers in the fields of artificial intelligence, augmented and augmented reality.

Qualcomm CEO and president Cristiano Amon has said:

“We are delivering groundbreaking technologies and platform experiences that enable both the consumer and the enterprise to create and participate in metaverses and connect the physical and digital worlds.”

According to the company, the fund intends to raise capital through a combination of venture investments from Qualcomm Ventures and a grant program from Qualcomm Technologies.

The press releases shared by the company states Qualcomm will provide participants with early access to new technologies, as well as joint marketing and promotion opportunities.