10 AI News Investors Probably Missed

8. Palladyne AI Corp. (NASDAQ:PDYN)

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Palladyne AI Corp. (NASDAQ:PDYN) develops artificial intelligence software aimed at improving autonomy in robotic systems.

Palladyne AI Corp. (NASDAQ:PDYN) announced a significant milestone for its Palladyne Pilot AI platform with the first autonomous flight of a third-party drone. The AI successfully identified, prioritized, and tracked terrestrial targets, integrating with the drone’s autopilot to autonomously follow the target. CTO Dr. Denis Garagic highlighted the platform’s potential to bring advanced intelligence capabilities to smaller, cost-effective drones, with commercialization expected by Q1 2025. Dr. Denis Garagic, co-founder and CTO, Palladyne AI said:

“Once we complete commercialization of Palladyne Pilot — which we expect to happen by the end of the first quarter of 2025 — small, economical drones will finally offer some of the same intelligence capabilities that larger, multi-million-dollar unmanned systems have had for years.”