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Benzinga
Benzinga
Technology
Michael Cohen

Qualcomm Launches $100M Snapdragon Metaverse Fund

Qualcomm QCOM Qualcomm Inc

Qualcomm Inc (NASDAQ:QCOM) announced Monday the launch of the Snapdragon Metaverse Fund, established to invest up to $100 million in developers and companies building unique, immersive XR experiences, as well as associated core augmented reality (AR) and related artificial intelligence (AI) technologies.

The fund plans to deploy capital through venture investments in leading XR companies to provide funding for a developer ecosystem in XR experiences such as gaming, health and wellness, media, entertainment, education, and enterprise.

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