Qualcomm President & CEO, Cristiano Amon In Keynote Highlights AI Potential For Use In Enterprise, Industrial And Retail Sectors; Says Enabling Generative AI On-Device Will Help Accelerate Adoption Everywhere And Optimize Rising Cloud Infrastructure Cost
Portfolio Pulse from Benzinga Newsdesk
Qualcomm's President & CEO, Cristiano Amon, highlighted the potential of AI for use in enterprise, industrial, and retail sectors during a keynote speech. He emphasized that enabling generative AI on-device will help accelerate adoption everywhere and optimize rising cloud infrastructure cost.
July 13, 2023 | 3:11 pm
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Qualcomm's focus on AI, particularly on-device generative AI, could lead to increased adoption and optimized cloud infrastructure costs, potentially boosting the company's market position and revenues.
The CEO's emphasis on AI and on-device generative AI indicates a strategic direction for the company. If successful, this could lead to increased adoption of Qualcomm's technologies in various sectors, potentially boosting its revenues and market position. The impact on the stock price would likely be positive in the short term, as investors may view this as a positive development for the company's future growth.
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