Qualcomm acquires VinAI’s generative AI division to expand its AI capabilities

Summary: Qualcomm has acquired (MovianAI), the generative AI division of VinAI for an undisclosed amount. The founder and CEO of VinAI, will also join Qualcomm.

Qualcomm will launch a new mobile processor in China on April 2nd. The exact processor name is not yet confirmed. As per rumours, it could be called the Snapdragon 8s Elite or Snapdragon 8s Gen 4. While the processor is yet to go official, ahead of its release, the brand has made an important acquisition announcement. The US chipmaker has acquired the generative AI division of VinAI to reinforce its AI capabilities.

Qualcomm acquires MovianAI to strengthen its generative AI capabilities

In a press note, Qualcomm has shared details about the acquisition of MovianAI. VinAI is known for its research-related work in machine learning, computer vision, and natural language processing. The VinAI division is a former part of the Vingroup ecosystem. Vingroup is one of the largest private conglomerates in Vietnam. Qualcomm has been working with VinAI for more than 20 years.

It previously partnered with VinAI in the areas of 5G, AI, IoT, and automotive. The press release notes that Qualcomm has played an instrumental role in the growth and success of Vietnam’s information and communication technology (ICT) industry and assisted the entry of Vietnamese companies.

VinAI founder Dr. Hung Bui joins Qualcomm

Dr. Hung Bui, founder and CEO of VinAI, will also join Qualcomm. He is a former expert at Google DeepMind. Bui has played a key role in VinAI’s development. The team of MovianAI is renowned for world-class research and engineering.

Hung Bui expressed his thoughts about the acquisition, saying, “We are ready to contribute to Qualcomm’s mission of making breakthroughs in fundamental AI research and scale them across industries, including smartphones, PCs, software-defined vehicles, and more.”

Qualcomm plans to ensure widespread AI adoption.

Neither Qualcomm nor MovianAI disclosed the acquisition cost. With AI being the current trend, the US tech giant is looking to strengthen its AI leadership while Vietnam is the key player in innovation.

Qualcomm’s AI strategy spans smartphones, automotive, IoT, and personal computing, ensuring widespread adoption of AI-powered solutions. With this acquisition we can expect the technology industry to have more AI-driven innovations that will benefit consumers and businesses worldwide.

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