a set of new system-on-a-chip designs as well as a dedicated smart speaker platform on which companies can base AI-enabled audio devices.The announcement comes at an opportune time: More and more companies are building smart speakers that house a voice assistant and can control a home, direct media, and serve as a communication hub. The continued development of the third-party smart speaker market will push prices down and drive consumer adoption of voice-enabled devices.
Hardware based on this platform can also use onboard AI processing tools to perform voice recognition while offline, and features advanced microphones and audio-recognition software to snatch a voice command from background noise. Qualcomm's goal seems to be to position itself as the primary vendor for companies developing smart speaker solutions, mirroring its status in the smartphone segment and following itsof building new revenue streams from markets that share core technology with its foundational mobile phone business.
This will be a boon for Amazon and Google, which want to expand the reach of their respective AI assistants. Having more devices on the market will also drive down prices for consumers, and help grow the US smart speaker installed base to nearly 500 million by 2024.
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