Qualcomm's CEO, Cristiano Amon, believes the artificial intelligence revolution is being underestimated, drawing parallels to the internet's expansion following the dot-com boom. He suggests AI's potential is far greater than current perceptions, with power-efficient AI inference becoming a key area. Qualcomm is strategically focusing on this, aiming to generate the most tokens with the least amount of power.
This move includes Qualcomm's expansion into the data centre market with new AI accelerator chips, challenging Nvidia's dominance. The company anticipates significant revenue from its data centre initiatives starting in fiscal year 2027, a year earlier than initially projected. Amon sees this as a multibillion-dollar opportunity, driven by the increasing demand for AI computing power.
Despite some investor concerns about high valuations and overspending in the AI sector, Amon remains optimistic. He highlights the potential of personal AI devices and the importance of efficient architectures as the market matures. Qualcomm's strategy involves diversification and expansion of its IP, positioning itself to compete in the AI inference market.
