Qualcomm SVP of Product Management Ziad Asghar joins Yahoo Finance Live to discuss Qualcomm's partnership with Microsoft to develop a new AI chip, competition in the AI technology sector, privacy, and data security.

Video Transcript

- Well, Qualcomm is building on its partnership with Microsoft today, unveiling new features to scale on-device AI. That announcement at Microsoft's Build Developers Conference means further integration of Qualcomm's Snapdragon in Windows devices. Qualcomm saying in a statement, quote, "On-device generative AI solutions allow developers and cloud service providers to make generative AI more affordable, reliable, and private by moving queries and inferences to edge devices, including PCs and phones."

Joining us to discuss is Ziad Asghar, Qualcomm's senior vice president of product management. We've also got our very own Ali Garfinkel joining in on the conversation. Ziad good to talk to you. The announcement today really does build on an existing partnership you've already had with Microsoft. Talk to me about the scale of the opportunity you see in this partnership centered around AI with Microsoft.

ZIAD ASGHAR: I think this generative AI opportunity is just amazing for Qualcomm. You have to understand that this is how we're able to bring all of these experiences onto the devices that are in people's hands. Right now, many of these generative experiences are sitting in the cloud, so people, at large, are not able to access these experiences.

But now whether you think about productivity applications on PC-like devices or other entertainment-like applications on smartphones, with this change that's coming right now, with the technology that we have been building, we can actually bring all these experiences to the edge devices. To your PCs, to XR products, to smartphones, to IoT products, and that's really the amazing opportunity for Qualcomm. And we believe we have some unique differentiated technology that sets us apart from everybody else in this space.