Qualcomm CEO: Working with 'Pretty Much All' Major AI Players on Secret Devices

Qualcomm (QCOM) CEO Cristiano Amon revealed in an interview with Fortune that the company is collaborating with 'pretty much all' major AI players on top-secret devices, including powering OpenAI's first foray into hardware. The statement comes as the race to find a smartphone replacement accelerates.

Collaboration Details

Amon stated that Qualcomm is working with companies like Meta (META) and OpenAI on advanced AI devices that have not yet been announced. He described these projects as 'highly confidential,' noting that companies are looking to leverage Qualcomm's low-power processing technology to run AI models locally on devices.

The Expected Product

Amon did not provide specific details about the devices but hinted that some could hit the market within the next two years. OpenAI is believed to be developing a dedicated AI device, potentially competing with products like the Humane AI Pin and Rabbit R1.

Competition

Qualcomm faces competition from MediaTek and Apple in the chip market, but its focus on on-device generative AI gives it an edge. Its partnership with Meta on the Ray-Ban Meta smart glasses further strengthens its position.

Potential Impact on the Company

If these devices succeed, they could open a new, large market for Qualcomm beyond smartphones, reducing its dependence on the slowing handset sector.