Qualcomm, led by CEO Cristiano Amon, revealed plans to invest up to $150 million in Indian startups at the ‘India AI Impact Summit’ in New Delhi. The company’s focus areas for investment include AI for automotive, IoT, robotics, and mobile technologies. This initiative aims to support India’s growing technology and AI startup ecosystem.
Cristiano Amon, President and CEO of Qualcomm, highlighted the importance of advancing AI in India through the new Strategic AI Venture Fund. He emphasized that embedding intelligence into everyday devices will revolutionize various industries, from smartphones to industrial machines. Amon stressed the pivotal role of India’s startup ecosystem in driving innovation through edge AI.
Qualcomm’s Strategic AI Venture Fund underscores the company’s commitment to India’s tech landscape and its global leadership in edge AI. By providing access to technology expertise and industry connections, Qualcomm aims to help startups develop groundbreaking solutions. Since 2007, Qualcomm has supported over 40 Indian companies, including MapMyIndia and ideaForge, in various tech domains.
The ‘India AI Impact Summit 2026’ has convened global leaders, government officials, and industry experts to discuss the transformative potential of AI. With over 100 government representatives and more than 500 AI leaders participating, the summit focuses on leveraging AI for inclusive growth and innovation.
