Ark Invest CEO and CIO Cathie Wood provides insight into stock performance on ‘Kudlow’.
Qualcomm executives warned Monday that the future of artificial intelligence will require more power than cloud services can provide.
Qualcomm Senior Vice President Alex Katoujian was one of the keynote speakers at this year’s Computex, an annual computer show held in Taipei.
In his talk, Katojian emphasized how much data would be needed to enable a new class of edge devices with generative AI.
On May 30, 2023, Gigabyte products were exhibited at COMPUTEX Taipei, the world’s largest computer and technology trade show, held in Taipei, Taiwan. (Reuters/Ang Wang/Reuters photo)
“Artificial intelligence is impacting virtually every aspect of the smartphone experience. We are enhancing our capabilities,” Katojian said.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| QCOM | Qualcomm Inc. | 113.41 | -1.79 | -1.55% |
Qualcomm, which is based in San Diego, Calif., has shipped more than 2 billion AI products to date, Katojian said.
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“The growth of connected devices and data traffic continues to accelerate, and data center costs are rising, making it impossible to send everything to the cloud,” Katojian said. “And in certain applications, especially when personal information is involved, you don’t want to do that.”
Katojian predicted that AI performance will be a key metric that consumers look for when purchasing a PC, much like comparing CPU and GPU performance.
The rapid rise in popularity of AI has led many companies to take advantage of AI-related services and the chips that process them.
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On Tuesday, chipmaker Nvidia, which is heavily involved in AI across many sectors, surpassed the $1 trillion mark and hit a new high of nearly $405 on the trading floor.
