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Technology thesis · Artificial Intelligence

medium conviction growth

Edge AI

On-device LLMs have crossed from demo to product – 8B models run on phones, Apple Foundation Models open to developers – making power and privacy, not model quality, decide where inference runs.

Position maintained continuously · last reviewed Jun 24, 2026

The thesis

State of the art (2026)

Edge AI in mid-2026 is defined by on-device LLMs crossing the usefulness threshold. Qualcomm has demonstrated 8B-parameter Llama running on a phone NPU, and Apple used WWDC 2026 to double down on its on-device Foundation Models, opening them to developers rather than retreating to the cloud. Copilot+ PCs now ship with 45–55 TOPS NPUs as standard, though uptake is uneven. The defining new vector is SPANs XFRA programme, announced April 2026 with PulteGroup and NVIDIA, which places liquid-cooled RTX PRO 6000 Blackwell nodes in homes as distributed inference capacity from 2027. Power, privacy and latency – not raw model quality – now drive where inference runs.

The rest of the file

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Signal stack

Evidence stacked leading → lagging

11 signals
talent
research
patent
expert
operational
market

Technology-native KPIs

Metrics that predict trajectory, tracked over time

4 tracked
Edge Inference Latency
Edge AI Chip Shipments
Edge AI Market Size
On-Device Model Parameters

Landscape map

Who builds what — and who depends on whom

87 players · 6 layers

Catalyst calendar

Dated events that will move the position

7 ahead

Technology roadmap

Milestones on the path to maturity

8 milestones

Watchlists

Companies, people and papers — each with a remove-by condition

20 · 20
Companies · 20
People · 20

Decision frameworks

The same call, framed for your desk

Locked
Public Equity
PE / VC
Corporate Leader

Thesis changelog

When our view changed, and why

5 updates

Change our mind

2 disconfirming conditions

The rest is inside

You've read the verdict. The file is much deeper.

The full signal stack, technology-native KPIs tracked over time, the landscape of who depends on whom, the dated catalyst calendar, decision frameworks for every desk, live watchlists and the changelog of every time our call on Edge AI has changed — all live inside CanaryIQ.