Qualcomm Technologies opened registrations for the AI Programme for Innovators (AIPI) in Latin America, an acceleration programme for technology startups in Brazil and Mexico, to enable developers and companies to develop and deploy AI in devices, which enables innovation and social impact in strategic sectors like consumer electronics, healthcare, smart industry, smart cities, agriculture, and education.
The programme was designed to assist startups in the development and commercialisation of full AI solutions using the Qualcomm Dragonwing and Snapdragon platforms and explore advanced AI use cases with the new Linux-compatible, real-time control, and optimised AI inference Arduino UNO Q and Arduino VENTUNOTM Q development boards.
To accelerate the development cycle, participants will have access to a robust ecosystem of tools, including the Qualcomm AI Hub, with its ever-growing catalogue of pre-optimised AI models, the Edge Impulse platform for creating tinyML models, the Arduino Project Hub, and curated repositories on GitHub.
“We are excited to launch another edition of QAIPI in Latin America and to continue investing in the immense innovative potential of Brazil and Mexico. By offering access to our cutting-edge technologies, specialised guidance, and strategic resources, our goal is to accelerate the development of the next generation of AI solutions that will transform industries and generate a positive and lasting impact on society,” said Luiz Tonisi, VP and president of Qualcomm for Latin America.
Meanwhile, Goldman Sachs has begun coverage of Qualcomm with a Neutral rating and a 12-month price target of USD 135, saying headwinds in its core smartphone business are offsetting the chipmaker’s push into automotive and industrial markets, leaving the stock with limited near-term upside. The bank’s price target implies roughly 6% upside from Qualcomm’s closing price of USD 127.11.
Goldman analyst James Schneider noted the stock is already trading at about 12x forward earnings, roughly two times below its three-year median multiple of 14x, and said he sees balanced risk/reward at current levels.