EXCLUSIVE: Qualcomm's AI Chief On $1-Trillion Market Opportunity, 'Knight Rider' KITT-Like Cars And Microsoft Collaboration
Portfolio Pulse from Chris Katje
Qualcomm's AI Chief Ziad Asghar foresees a $1 trillion market opportunity in the AI space, with the company well-positioned to capitalize on it. Qualcomm's focus on completing AI models and utilizing AI tools directly on devices sets it apart from competitors. The company has seen impressive growth in its automotive segment and has a close collaboration with Microsoft.
June 12, 2023 | 1:00 pm
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Qualcomm has a close collaboration with Microsoft, with the latter investing heavily in ChatGPT parent OpenAI. Qualcomm's AI accelerator is built into its PC product line, with Snapdragon powering Windows 11 PCs with generative AI-on-device technology.
Microsoft's collaboration with Qualcomm and its investment in OpenAI indicate the company's commitment to AI technology. This partnership could lead to innovative products and services, potentially driving growth and having a positive impact on Microsoft's stock price in the short term.
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IMPORTANCE 60
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Qualcomm's AI Chief sees a $1 trillion market opportunity in the AI space, with the company well-positioned to capitalize on it. The company's focus on completing AI models and utilizing AI tools directly on devices sets it apart from competitors.
Qualcomm's AI Chief's positive outlook on the $1 trillion market opportunity and the company's unique approach to AI models and tools on devices indicate potential growth in the AI space. This could lead to increased revenues and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100