Qualcomm acquires AI platform Edge Impulse to boost Dragonwing chips

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The story "Qualcomm acquires AI platform Edge Impulse to boost Dragonwing chips" was covered 2 days ago by The Next Web, a news publisher based in Netherlands.

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The Next Web 2d ago

Qualcomm acquires AI platform Edge Impulse to boost Dragonwing chips - The Next Web

Quick Summary:

Edge Impulse, a TNW community member that produces an AI platform for developers, has been acquired by American chip giant Qualcomm for an undisclosed sum. Qualcomm said it had bought Edge Impulse to boost its machine learning software capabilities, particularly for its Dragonwing line of AI-powered chips. Nakul Duggal, Qualcomm’s head of IoT, said the acquisition would strengthen his firm’s "leadership in AI” and bolster "critical sectors such as retail, security, energy and utilities, supply chain management, and asset management.” Under the deal, Edge Impulse will integrate its operations with Qualcomm’s, but maintain its own offices, employees, and website.

Its platform is currently used by over 170,000 developers to create, deploy, and monitor AI models on the edge.

Nakul Duggal, Qualcomm’s head of IoT, said the acquisition would strengthen his firm’s “leadership in AI” and bolster “critical sectors such as retail, security, energy and utilities, supply chain management, and asset management.