Qualcomm (QCOM) To Acquire Scyfer B.V., Boosts AI Research
Zacks Investment Research | Aug 17, 2017 08:18AM ET
Leading wireless chipset manufacturer, Qualcomm Inc. (NASDAQ:QCOM) , is forging ahead with new deals to bolster its position in the Artificial Intelligence (AI) Research. To add to it, Qualcomm Technologies, Inc., a subsidiary of Qualcomm announced the acquisition of Scyfer B.V., a company affiliated with University of Amsterdam.
Scyfer focuses on cutting-edge machine learning techniques. It specializes in building AI solutions for companies worldwide and in a number of different industries, such as manufacturing, healthcare and finance.
Deal Prospects
The acquisition of Scyfer will aid Qualcomm to advance its AI research and development. Scyfer’s founder, Dr. Max Welling, will continue his role as a professor at the University and the rest of the Scyfer team will remain based in Amsterdam.
In 2015, Qualcomm Technologies and the University of Amsterdam had also established QUVA, a joint research lab, focused on advancing the cutting-edge machine learning techniques for mobile and computer vision. Qualcomm Technologies is excited to work with the University of Amsterdam and underscoring the importance of educating future generations in this important field.
Qualcomm’s Research on AI So Far
Qualcomm’s involvement with AI goes back to 2007, when it started exploring spiking neuron approaches to machine learning for computer vision and motion-control applications. Further, it expanded the scope of the research from biologically inspired approaches to artificial neural networks.
While most companies are focusing on the execution of AI workloads in the cloud, Qualcomm Technologies is focused on the implementation of AI on end devices – smartphones, cars, robotics, and similar products – to ensure that processing can be done with or without a network or Wi-Fi connection. The benefits of on-device AI include immediate response, enhanced reliability, increased privacy protection and efficient use of network bandwidth.
Qualcomm Technologies continues to push AI research forward and is bringing cutting-edge machine learning technologies to the forefront. In Jul 2017, the company made available the Qualcomm Snapdragon Neural Processing Engine software development kit for developers from multiple industries—mobile, automotive, healthcare, security and imaging—to acquire tools for delivering on-device neural network-driven user experiences.
With such booming prospects and strategic ideas, Qualcomm visualizes a world where AI would make devices, machines, automobiles and make things more intelligent, simplifying and enrich people’s daily lives.
Zacks Rank and Price Performance
Over the last three months, shares of Qualcomm have declined 5.01%, compared with the 0.66% loss of the Zacks Investment Research
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