Qualcomm CEO Says World Is Underestimating How Big AI Will Get

The promise of artificial intelligence has already upended the economy and added trillions of dollars in market value to companies like Nvidia Corp.

But the world is actually understating how big AI will get, said Qualcomm Inc. Chief Executive Officer Cristiano Amon. “AI is probably underestimated,” he said during an interview on Bloomberg Television.

Qualcomm CEO Cristiano Amon

Photographer: Annabelle Chih/Bloomberg

Amon compares AI’s rise to the growth of the internet, which has become vastly more expansive today than people dreamed of during the dot-com bubble era of 1999. “The internet is much bigger today than people thought,” he said.

Morgan Stanley has predicted that ...