Friday, May 27, 2022
Qualcomm invests $100 million in the Metaverse
Qualcomm invests $100 million in the Metaverse

San Diego, California-based Qualcomm has announced a $100 million fund called the Snapdragon Metaverse Fund to support the development of immersive extended reality (XR) experiences as well as associated technologies and artificial intelligence, the company said in a press release.

Popularly known for its Snapdragon, range of processors is known for its contributions to wireless technology and more recently the push for 5G. With tech companies such as Meta and Microsoft announcing their intent to develop the metaverse, it would be a big surprise if Qualcomm was not part of the push. As a hardware provider, Qualcomm will not be directly involved in developing the details of the metaverse but will definitely contribute to how the world shapes up and has decided to focus on XR.

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Qualcomm invests $100 million in the Metaverse
Qualcomm invests $100 million in the Metaverse

San Diego, California-based Qualcomm has announced a $100 million fund called the Snapdragon Metaverse Fund to support the development of immersive extended reality (XR) experiences as well as associated technologies and artificial intelligence, the company said in a press release.

Popularly known for its Snapdragon, range of processors is known for its contributions to wireless technology and more recently the push for 5G. With tech companies such as Meta and Microsoft announcing their intent to develop the metaverse, it would be a big surprise if Qualcomm was not part of the push. As a hardware provider, Qualcomm will not be directly involved in developing the details of the metaverse but will definitely contribute to how the world shapes up and has decided to focus on XR.