tech
Qualcomm up 7% on report it’s partnering with OpenAI on smartphone AI chip
Qualcomm will be working alongside MediaTek to develop a smartphone chip for OpenAI, with manufacturer Luxshare co-designing the device, an analyst said.
TL;DR
- Qualcomm's stock rose 7% on reports of a partnership with OpenAI for smartphone AI chips.
- MediaTek is also expected to be involved in the development, with Luxshare co-designing and building the device.
- Mass production of the chip is reportedly slated for 2028.
- Analyst Ming-Chi Kuo believes controlling hardware and OS is key for OpenAI's AI agent services.
- Smartphones are considered the ideal platform due to their ability to capture real-time user data.
- OpenAI previously acquired Jony Ive's startup io for $6.4 billion to design new AI devices.