Read Why Qualcomm Failed To Mark AI Chip Debut With Meta - ProShares S&P 500 Dynamic Buffer ETF (BATS:FB)

Leading mobile phone processor supplier Qualcomm Inc (NASDAQ:QCOM) looked to tap its energy efficiency expertise to break into the fast-growing market for the artificial intelligence chips used in data centers in 2019, the Information reports.
Qualcomm wooed Meta Platforms Inc (NASDAQ:FB) to make Facebook’s owner the flagship customer for Qualcomm’s first AI data center chip, the AI 100.
After Qualcomm released the chip in the fall of 2020, Meta tested it against a range of alternatives, including the chips Meta has been using and a specialized chip Meta developed internally to handle AI computing work.
Qualcomm’s chip performed well, posting the best performance per watt of electricity.
However, by 2021 spring, Meta had declined to use Qualcomm’s chip.
Meta questioned whether the software that accompanied the chip was mature enough to wring the best performance from the chip on future tasks.
Meta decided to stick with its existing chips as it evaluated its options.
Price Action: QCOM shares closed higher by 0.06% at $152.82 on the last check Thursday.

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