- Recent technological advancements have made it possible to run AI models on devices, known as edge AI.
- Engineers from Carnegie Mellon University, University of Washington, Shanghai Jiao Tong University, and OctoML have collaborated to run large language models on smartphones, PCs, and browsers.
- If this research can be implemented in everyday use, it could greatly expand the applications of generative AI.
- Currently, most AI models run in the cloud, requiring users to rent servers from providers like Azure, AWS, and Google.
- The ability to run AI models on devices could potentially reduce costs and increase accessibility for users.
Main topic: Apple's Q3 earnings and performance in the smartphone market
Key points:
- iPhone revenue declined from $40.66 billion to $39.67 billion compared to the same quarter last year
- Services revenue increased from $19.6 billion to $21.2 billion, beating analyst expectations
- Apple saw growth in China with sales up 8% year-over-year
- CEO Tim Cook highlighted the company's focus on AI and machine learning, including generative AI
- Apple plans to release its Vision Pro headset, a spatial computing device, early next year.
Qualcomm is introducing new Snapdragon chips that aim to bring powerful Generative AI models, such as ChatGPT and Midjourney, to mobile devices, offering enhanced personalization, augmented privacy, rapid response, optimized battery life, improved network efficiency, economic benefits, offline capabilities, adaptability, and seamless integration, with smartphones becoming the most used platform for advanced AI applications.
Qualcomm will supply chips for in-car infotainment systems to luxury automakers Mercedes and BMW, as the U.S. semiconductor company expands its presence in the automotive sector.
Qualcomm CEO Cristiano Amon believes that artificial intelligence (AI) could rejuvenate the smartphone market, potentially creating a new upgrade cycle for phones, as the company focuses on bringing AI to smartphones and other devices rather than data centers.
Apple plans to use its own modem chip for iPhones starting in 2025, reducing its reliance on Qualcomm, but it's unclear if there will be any consumer benefits over Qualcomm modems.
Apple's iPhone sales in China surpassed the United States in the second quarter of 2023, becoming the largest market for iPhone shipments, while Qualcomm announced that it will continue to supply Apple with 5G modems through 2026.
Qualcomm has announced that it will supply Apple with 5G chips for its iPhone launches over the next three years, leading to a jump in Qualcomm's stock price.
Qualcomm's recent agreement with Apple, strong progress in its automotive segment, and positive financial results have led to the maintenance of a buy rating, as the company remains in excellent shape and is well-positioned for long-term growth in the smartphone, IoT chip, and advanced automotive semiconductor markets.
Qualcomm is entering the Wi-Fi router market, with Charter Communications and UK's EE as its first customers, providing gateways that transform fiber-optic lines into Wi-Fi signals and prioritize traffic from specific apps and services for faster speeds.
