Qualcomm bets big on AI-enabled chip

US chipmaker Qualcomm Inc is banking on its newly launched Snapdragon 710 chipset to bolster its artificial intelligence efforts and propel more smartphone makers to use the company's AI-enabled chips.

The product launch in Beijing came on the same day that Qualcomm Technologies Inc, a unit of Qualcomm Inc, announced plans to establish Qualcomm AI Research, an institute to power forefront AI research across the company, reiterating its desire to accelerate AI development.

"We are constantly pushing the boundaries of what's possible with AI," said Jim Thompson, executive vice-president and chief technology officer of Qualcomm Inc.