Posted 4/12/2024, 11:59:02 AM
Smartphone Innovation Plateaus as AI Takes Over Key Functions, Paving Way for Subscriptions Over Hardware
- Smartphone innovation has stalled in recent years with only incremental upgrades each year
- AI and algorithms will increasingly handle tasks we use our phones for like photography and communication
- Companies will shift to a "smartphone as a service" model rather than selling new hardware each year
- We may end up just paying for AI software subscriptions through hardware terminals
- The smartphone as we know it today could be replaced by AI-powered devices with more basic hardware