Qualcomm lays out AI vision of the future
Qualcomm’s view of the future is one in which every smartphone, device and car on the road is equipped with artificial intelligence (AI) via a connected – Qualcomm – chipset, reports Light Reading (Banking Technology’s sister publication).
The company laid out this AI-driven view of the world last week as its Qualcomm Technologies subsidiary announced the acquisition of Netherlands-based deep learning company Scyfer. The start-up is focused on machine learning techniques for industries such as finance (and manufacturing and healthcare).
Scyfer founder and University of Amsterdam professor Dr. Max Welling will join Qualcomm as part of the acquisition, terms for which were not announced. He, along with the rest of the Scyfer team, will remain in Amsterdam, where Welling will continue to teach. Qualcomm has worked with the University of Amsterdam since 2012 via its joint machine learning research lab, QUVA.
Qualcomm says it’s been in the AI game for a decade, supporting AI use cases such as natural language processing and malware detection on smartphones, but it’s looking to take its involvement further. Qualcomm EVP of technology Matt Grob says in a blog post that the company is researching broader topics, such as AI for wireless connectivity, power management and photography.
While most companies focus on AI at the cloud level, Qualcomm’s goal is to have AI processing done on each device so that it doesn’t require a network or wifi connection, which the company says will allow for immediate response time, enhanced reliability, increased privacy protection and more efficient use of network bandwidth.
Qualcomm’s latest Snapdragon chips include dedicated modules for machine learning. It also released its Snapdragon Neural Processing Engine software development kit for developers for neural network-driven user experiences in July.
As Banking Technology reported in January, Microsoft and Qualcomm invested in Team8, an Israel-based cybersecurity company.
Banking Technology Awards 2017 are now open for entry!
Know any innovative products, inspirational projects, skilled teams or visionary leaders that deserve a special recognition this year? Nominate them for a Banking Technology Award!
Deadline for submitting the nominations is 25 August 2017.