DEEPX has entered a strategic partnership with Baidu to advance the global adoption of on-device AI solutions in industries such as drones, robotics, and optical character recognition (OCR). This collaboration centers on integrating DEEPX's low-power AI semiconductor technology with Baidu's open-source deep learning framework, PaddlePaddle, through which they will co-develop and promote AI models across varied applications. Baidu's PaddlePaddle, a key AI platform in China, is notable for its comprehensive toolset that spans from AI model development to deployment, supporting a wide array of industries. DEEPX's AI chips, starting with the DX-M1, have already demonstrated high efficiency and performance with Baidu's models, and plans are underway to further integrate and commercialize AI technologies within the robotics and drone sectors. The partnership aims to enhance the practical applicability of AI models and expand their reach to more companies globally.
Elsewhere in the market, Micron Technology (NasdaqGS:MU) was a notable mover up 6.3% and closing at $118.89. Meanwhile, Microchip Technology (NasdaqGS:MCHP) softened, down 6.6% to end trading at $61.87.
Micron Technology's strategic pivot to high-margin memory products is driving robust growth opportunities amidst strong AI demand. Click here to explore the full narrative on how this positions Micron for potential gains.
Don't miss our previous Market Insights article on AI Chips, where we explored agentic AI's dual impact on productivity and employment.
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