By Mackenzie Tatananni
Synaptics stock was rising Thursday after the semiconductor design company unveiled a partnership with Google to advance artificial-intelligence capabilities.
Shares of Synaptics climbed 6.3% to $81.10, while Alphabet, Google's parent company, rose 1.2% to $191.62.
Synaptics announced Thursday that the companies would collaborate on enhancing edge AI for the Internet of Things, or IoT, by combining Google's machine learning core with Synaptics' Astra hardware and open-source software.
The combined effort is intended to foster the development of AI devices that can process vision, voice, and other sensory modalities.
Vikram Gupta, the senior vice president and general manager of IoT processors at Synaptics, said the partnership reflects a "shared vision" to disrupt the Edge IoT space.
"We are on the brink of a transformative era in Edge AI devices, where innovation in hardware and software is unlocking context-aware computing experiences that redefine user engagement," Gupta said in a press release.
Edge AI refers to the deployment of AI models directly on local devices, allowing real-time data processing without constant dependence on cloud services.
In a 2023 blog post, Google included manufacturing facilities, healthcare centers, and retail stores as examples of common "edge locations."
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 02, 2025 10:18 ET (15:18 GMT)
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