A few months ago, Qualcomm (NASDAQ: QCOM) quietly demonstrated an AI milestone that many completely missed: It operated Stable Diffusion, a popular text-to-image generative AI service, directly on an Android smartphone.

Apple (NASDAQ: AAPL) and other device makers have been moving AI models to the "network edge" too -- meaning the AI is being operated on-device, rather than in the cloud. But Qualcomm's achievement is a first, and it could solve a real pain point that is already cropping up with this new batch of generative AI services like Stable Diffusion and ChatGPT. Here's why Qualcomm is worth paying attention to right now.

To understand Qualcomm's accomplishment, first consider the two steps involved in new generative AI text-to-image services like Stable Diffusion, or DALL-E 2 from OpenAI, the same organization responsible for ChatGPT.

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Source Fool.com