By Chris Wack
GSI Technology shares were up 63% to $4.47 after the company said it has been selected by the U.S. Army for a potential contract award of up to $250,000 under the DoD Small Business Innovation Research program.
The AI technology company said the contract represents a "significant opportunity" for GSI to develop advanced, Army-specific edge computing AI solutions using its Gemini-II technology.
The project will focus integrating Gemini-II with AI models specifically tailored for the Army's edge computing needs. It also will identify and validate the most suitable AI algorithms for the Gemini-II platform.
GSI said it will conduct in-depth research to select efficient edge AI models, develop a detailed integration plan, and evaluate performance metrics for low-latency and high-throughput applications of value in military environments.
The stock is up 117% in the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
January 17, 2025 10:35 ET (15:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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