Qualcomm announced Monday that it will release two new artificial intelligence chips – seemingly gearing up to go head-to-head with Nvidia, which has dominated the data center market.
Chip giant Qualcomm announced Monday that it will release two new artificial intelligence chips – setting the stage for a head-to-head race with billionaire Jensen Huang’s Nvidia.
It’s a major shift for Qualcomm, which has long focused on manufacturing semiconductors for wireless activity and mobile phones – not for the power-hungry data centers that are powering the AI boom.
Shares in Qualcomm jumped 11% Monday to close at $187.68.
Qualcomm — headed by Brazilian-born CEO Cristiano Amon — said its new, super-powered chips will be available in liquid-cooled server racks, which help customers like cloud service providers save on operational costs.
Nvidia and AMD also sell their graphics processing units, or GPUs, in full-rack systems. Large language models like OpenAI’s ChatGPT rely on these powerful systems.
