Today’s 2-Minute UK AI Brief

5 February 2026

UK AI — A daily summary of AI news most relevant to the UK.

In brief — Qualcomm has reported that rising memory prices will slow the smartphone industry, impacting its stock value significantly.

Why it matters

  • Qualcomm's stock dropped 11% due to concerns over memory costs.
  • The slowdown in the smartphone industry could affect UK tech companies reliant on Qualcomm.
  • Increased memory prices may influence the development of AI technologies in mobile devices.

Explainer

Qualcomm, a major player in the smartphone chip market, has warned that escalating memory prices are likely to hinder growth in the smartphone industry. This announcement has caused a notable decline in its stock price, which dropped by 11%. Such developments could have broader implications for the UK tech sector, especially for companies that depend on Qualcomm's technology for their products. As smartphones increasingly integrate AI capabilities, the rising costs of memory could also affect how these technologies are developed and implemented. This situation highlights the interconnectedness of hardware costs and software advancements, particularly in AI, which is becoming more prevalent in mobile devices. If the smartphone market slows, it may lead to reduced innovation and investment in AI applications within this space.

Sources: go.theregister.com go.theregister.com go.theregister.com go.theregister.com

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