Qualcomm CEO Cristiano Amon stated that the long-term potential of AI is likely underestimated despite current hype and soaring valuations, comparing the AI industry’s evolution to the internet's growth since the 1990s.
He emphasized that it is too early to declare clear winners in AI, predicting intense competition among companies with efficient and scalable architectures will define the leaders.
Amon views AI as a massive opportunity but warns that the competitive environment will become intense soon.