"Qualcomm's AI-powered chips revolutionize smartphones and automotive industry"

Qualcomm CEO Cristiano Amon believes that artificial intelligence (AI) has the potential to rejuvenate the smartphone market and create a new upgrade cycle. He sees significant opportunities in AI and expects major developments in mobile technology to emerge from Qualcomm's upcoming Snapdragon Summit in October. Smartphone sales have declined as consumers perceive little difference between current models and older ones with advanced features. Amon highlights the ability to run AI models locally on smartphones, similar to what Microsoft is doing for PCs, as a potential game-changer. Qualcomm aims to bring AI to devices rather than focusing on data centers like its rival Nvidia.