Qualcomm (QCOM) and Meta (META) will enable Meta’s new large language model, LLaMA2, to run on Qualcomm chips on phones and PCs starting in 2024, the companies announced, according to CNBC. To date, LLMs have primarily run in large server farms, on Nvidia (NVDA) graphics processors, due to the technology’s vast needs for computational power and data, but “the AI boom has largely missed the companies that make leading edge processors for phones and PCs, like Qualcomm,” CNBC noted.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on QCOM:
- META Platforms (NASDAQ:Meta) Liberates Llama 2 to the World
- Intel, Qualcomm CEOs Lobby Washington to Loosen Chip Export Rules
- U.S. chips CEOs plan Washington trip to talk China policy, Reuters reports
- Qualcomm Announces Quarterly Cash Dividend
- Qualcomm Stock (NASDAQ:QCOM): Share Price Lag Presents an Opportunity