15 Important AI News and Ratings on Investors’ Radar

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14. Palladyne AI Corp. (NASDAQ:PDYN)

Number of Hedge Fund Holders: N/A

Palladyne AI Corp. (NASDAQ:PDYN) is a developer of artificial intelligence software focused on autonomy for robotic systems. On January 13, the company announced that it had been awarded a new contract from the Air Force Research Laboratory (AFRL) to update the Palladyne™ Pilot AI software platform (“Pilot”) to next-generation, U.S.-made AI computing chipsets. Migrating the AI software platform to next-generation AI chipsets will help improve the performance and efficiency of the software for its intended applications. As quoted by Dr. Peter Zulch from AFRL, Pilot will be able to offer Air Force drone operators a powerful tool for improving tactical missions as well as expand the universe of small UAV platforms on which Pilot will be available.

“Our development work with AFRL on the Pilot AI software platform has been critical to evolving the technology to benefit our DoD customers. By evolving Pilot to be able to operate on these next-generation AI chipsets, in addition to the AI chipsets from Nvidia and Qualcomm that we are already operating on, we believe we will have the opportunity to deliver the benefits of our enhanced autonomy Pilot platform to the vast majority of small drone platforms that will be deployed in the coming years”.

– Ben Wolff, CEO, Palladyne AI.

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