March 24 news, hosted by the Development Research Center of the State Council, the China Development Research Foundation hosted the China Development Forum 2025 annual meeting opened yesterday in Beijing.QualcommCristiano Amon, President and Chief Executive Officer of the Company, attended the Forum.
According to CCTV Finance, during the forum, Ammon said when talking about AI development, "We're very excited about that. One of the things that's happening right now with artificial intelligence, I think you're all in the DeepSeek and seen in other models, AI models are becoming smaller and more capable of. We are also expanding our partnerships in China from mobile devices to automotive, personal computers, industrial, and space computing."
Ammon argues that "We're at a turning point where we expect to see an upgrade cycle in AI phones, and is confident that many of Qualcomm's Chinese partners will also embrace AI aggressively in this area." He also spoke of how "technology will play a very important role in economic growth, and we are energized by the prospects for the future."
1AI notes that Ammon said on an earnings call in February thatThe latest hot DeepSeek R1 model works in Qualcomm's favor because Qualcomm chips can run efficiently locally rather than in the cloud., "DeepSeek R1 and other similar models have recently shown that AI models are evolving to be faster, smaller, more powerful, more efficient, and can now run directly on devices."
