SAN DIEGO - Qualcomm (NASDAQ:QCOM) Inc. has joined forces with Samsung Electronics (KS:005930) Co. to unveil the new Galaxy S24 series, marking a significant collaboration between the two tech giants. The series, introduced today, is powered by Qualcomm's Snapdragon 8 Gen 3 Mobile Platform, which is set to enhance the smartphones' AI capabilities and overall performance.
The Galaxy S24 Ultra, the premium model in the series, will feature the Snapdragon chipset globally, while the standard S24 and the S24 Plus models will incorporate the new processor in select markets. This strategic move aims to leverage Qualcomm's technology to boost the devices' efficiency and user experience.
The Snapdragon 8 Gen 3 Mobile Platform comes with several advancements, including:
- Improved AI capabilities, notably within the Galaxy AI suite. This includes features like Generative Edit, which allows for sophisticated image editing, and Note Assist, designed to provide quick summaries of notes.
- Enhanced CPU and GPU performance, promising a smoother and more responsive user experience.
- The introduction of ultra-fast Wi-Fi 7 connectivity, ensuring faster and more reliable internet access.
- Secure authentication supported by Qualcomm's proprietary technology, promising improved device security.
Despite the fanfare surrounding the launch, Qualcomm's stock experienced a 2.24% decline.
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