15 AI News Investors Should Not Miss

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9. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Hedge Fund Holders: 52    

NXP Semiconductors N.V. (NASDAQ:NXPI) is a Dutch semiconductor manufacturing and design company. Their product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; and more.

On October 29, NXP Semiconductors N.V. (NASDAQ:NXPI) announced that it has added two new tools to its eIQ AI and machine learning development software. The two new tools, the eIQ Time Series Studio, and the GenAI Flow, simplify AI deployment and use across a full spectrum of edge processors. The eIQ Time Series Studio “features an automated machine learning workflow that streamlines the development and deployment of time series-based machine learning models across MCU-class devices”, while the GenAI Flow offers the building blocks for Large Language Models (LLMs) powering generative AI solutions.

“AI is the key to a world that anticipates and automates based on user wants and needs, but it must be developed in a way that is practical for edge deployment. With ready-to-use tools suitable for both small AI models on MCUs like the MCX portfolio, crossover MCUs like the i.MX RT700 as well as larger, generative AI models running on more powerful devices like the i.MX 95 applications processor, NXP is delivering an unparalleled breadth of options for developers across the full spectrum of AI models and AI-enabled edge processors. NXP is making edge AI truly practical for developers across a wide range of markets.”

-Charles Dachs, Senior Vice President and General Manager, NXP Semiconductors.

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