11 AI News Updates on Wall Street’s Radar

7. Ambarella, Inc. (NASDAQ:AMBA)

Number of Hedge Fund Holders: 32

Ambarella, Inc. (NASDAQ:AMBA) is a technology company that develops semiconductor solutions that enable artificial intelligence (AI) processing, advanced image signal processing, and high-definition (HD) compression. On March 31, the company announced significant developments in edge generative AI technology. Additionally, it confirmed the shipping of 30 million cumulative edge AI systems on chip.

The developments underscore Ambarella, Inc. (NASDAQ:AMBA) leading position as a supplier of edge AI systems on chip. It also highlights the company’s ability to enable scalable high performance and a vision of AI applications across edge inference CVflow. The 3.0 AI SoC portfolios should, therefore, support GenAI models from 0.5 to 34 billion parameters.

“While we are continuing to enable advancements in GenAI processing at the edge, we also remain steadfast in our hallmark differentiators of not merely providing the proprietary CVflow AI accelerator, now in its third generation,” said Fermi Wang, President and CEO of Ambarella.