By Josh Beckerman

Qualcomm Inc. (QCOM) said it has launched a $100 million investment fund focused on artificial intelligence.

Qualcomm also announced an investment in AnyVision, which provides services including facial and object recognition.

Bosch Building Technologies said in June that it would buy a 9% stake in AnyVision. Bosch led the $28 million of Series A financing that AnyVision disclosed in July. At the time, AnyVision said the funding included "two prominent U.S. private equity groups."

AnyVision serves markets including public safety, airports, sports and entertainment, banks and "smart cities." The company's Better Tomorrow platform "can also be leveraged for commercial purposes," according to the company's website, providing details on topics such as "heavy shoppers."

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 28, 2018 18:14 ET (23:14 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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