Qualcomm Inc. (QCOM) has made a decisive and aggressive move into the $6.7 trillion AI infrastructure market, announcing next-generation AI accelerator chips designed to directly compete with Nvidia and AMD. The news sent QCOM stock soaring 15%.
The OpenAI Sora app, the company’s newest text-to-video AI tool, is an instant viral success, crossing the one million downloads milestone in under five days. This blistering adoption rate is faster than the initial launch of ChatGPT, signaling a monumental surge in demand for generative AI video technology.
