Qualcomm provides AI computing power for Samsung's new flagship smartphone

Samsung presents the new Galaxy S24 series. Qualcomm's Snapdragon 8 Gen 3 chips enable AI features directly on the end device. Citi predicts market share gains. The Snapdragon XR2+ Gen 2 for mixed reality headsets will serve a market that is set to grow by over 45% p.a. to $26.2 billion by 2029. Google and Samsung are the first customers. The automotive business is growing steadily at +24% to $1.87 billion last year. By 2030, revenue is expected to increase almost fivefold to $9 billion. AI assistants in smartphones are becoming a...