Qualcomm is ringing in the new year at CES 2024 in Las Vegas with some updates in its chip lineup that power virtual and mixed-reality headsets. The keynote, which will detail more about what's new for its anticipated AI-powered chip, will happen on January 10 at 5pm ET. It can be streamed on Qualcomm's website or directly on the CES keynote page. There might be some information divulged about Meta and Qualcomm's chip collaboration and how it could improve functionality on new gen VR headsets. Qualcomm has said that the technology has been engineered into a single chip architecture that allows it to support smaller and sleeker headsets.

Growth strategy and the use of innovative technologies are often decisive for the continued existence of a company. Not only in large corporations, as seen in the example of SAP with the expansion of the cloud business, but the conventional business areas are also hardly sufficient anymore. A generation change is also taking place in the production of semiconductors. The market for chips for artificial intelligence is currently experiencing a real hype, which is likely to accelerate in the coming years. Smaller companies, in particular, have a head start in terms of know-how.

Artificial Intelligence, once a buzzword in the digital world, has become a part of our everyday life. From Google Assistant, Siri, Alexa to Uber and Ola, several AI-enabled services are available today that make our lives easier. The ongoing pandemic has undoubtedly impacted business models but it didn't wane the impact AI has on our lives and businesses. On the contrary, it has become evident that Artificial Intelligence, with its self-teaching and learning algorithms, will play an essential role in transforming businesses in 2021. Companies have swiftly started leveraging the potential of AI.

For the last few years, Intel (INTC) has been shifting its focus away from PC to data-centric businesses. It's looking to tap future technologies such as AI, autonomous vehicles, and 5G networking infrastructure. NVIDIA (NVDA) is a leader in the AI space. Intel has identified NVIDIA as its AI competitor, as data centers prefer the latter's Tesla GPUs (graphics processing unit) for their AI workloads. Intel has tried to compete with NVIDIA's Tesla GPUs with its Altera field-programmable gate arrays, Xeon Phi processors, and traditional Core processors.