Hello everyone and welcome to At Barrens. I'm Andy Surward and welcome to our guest

Cristiano Amon CEO of Qualcomm. Cristiano, nice to see you.

Nice to see you Andy.

So let's start off with AI, of course. And I'm curious, how does Qualcomm play in AI?

Yes. Look, it's really awesome what's happening with AI right now.

The way things are developing, and you look what happened with what they call large models like chat TBT,

and the rate of progress, you know, you can imagine that just within a year from now,

there will be a number of different use cases. And, you know, I can imagine that just within a year from now, there will be a number of different

use cases.

And, you know, I like to think about a co-pilot of everything, like on every application.

It's interesting for us, we see this as an incredible opportunity.

The way to think about this is AI will require from a chip standpoint, from a semiconductor standpoint,

accelerated computing. And if that becomes pervasive, you're going to have to run that on many

of your devices. It's not only going to be unique to the cloud. And I think that's the opportunity for

Qualcomm. And when we look where we're present today, we see this opportunity for AI to touch each

and every one of our business.

For example, let's start with the phone side.

We demonstrated, it was in Mobile War Congress, in 2023, we demonstrated running stable diffusion, which is a model that creates text to image in a phone.

It was over one billion parameter in the phone.

And now we see a lot of OEMs interested in how, for example, you think about things that you

do in your phone and you share pictures with each

other. You can take a picture and you can say, I want to change the landscape, I want to be

...