Qualcomm, ByteDance agree on AI chips

Qualcomm has secured a significant deal with ByteDance, the owner of TikTok, to supply chips for artificial intelligence data centers. This agreement marks a crucial step for Qualcomm as it seeks to diversify beyond its traditional smartphone processor market and establish a stronger presence in the burgeoning AI infrastructure sector. The partnership highlights the growing demand for specialized AI hardware and Qualcomm's strategic efforts to capitalize on this expanding technological frontier.