Qualcomm bets to pay the metaverse $100 million

Qualcomm has announced a $100 million Snapdragon Metaverse Fund, which will invest up to $100 million in developers and companies building extended reality (XR), augmented reality (AR), and related artificial intelligence technologies. The fund will distribute capital through a combination of venture capital investments by Qualcomm Ventures in leading companies as well as the Qualcomm Technologies Grant Program for the developer ecosystem that builds XR experiences in gaming, health and wellness, media, entertainment, education and enterprise. “We provide pioneering platform technology and experiences that will enable both the consumer and…

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