15 AI News You Missed This Week

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9. QUALCOMM Incorporated (NASDAQ:QCOM)

Market Capitalization: $185 Billion 

QUALCOMM Incorporated (NASDAQ:QCOM) develops and sells foundational technologies for the wireless industry. On November 12, Cristiano Amon, the CEO of the firm, said at the Web Summit conference in Lisbon that the artificial intelligence boom would not lead to a global chip shortage similar to what happened during the pandemic, even with demand for AI-enabled smartphones rising. Amon added that users, when they thought about buying their next phone, they wanted to buy a better phone. He said he expected that the capabilities of having processing of AI and AI use cases were actually going to continue to accelerate that trend.

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