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The Key Takeaways
- Synaptics and Alphabet's Google will collaborate on technology for the Internet of Things (IoT).
- Synaptics said the companies would use Google's machine learning core with its Synaptics Astra hardware.
- Combining the two technologies will accelerate development of AI-based devices across a wide range of IoT apps.
Shares of Synaptics soared by more than 6 percent on Thursday, after the company announced a collaboration in artificial intelligence with Alphabet (GOOGL).
The company said that it would be teaming with Google on Edge AI "for the IoT to define the optimal implementation of multimodal processing for context-aware computing."
Synaptics said that it will be integrating Google’s machine-learning core into its Synaptics Astra products. Synaptics noted that the combined effort will accelerate the development and production of AI devices in the IoT. “that support the processing of vision, image, voice, sound, and other modalities” Used in many applications.
Chief Product Officer Vikram Gupta said the world is "on the brink of a transformative era in Edge AI devices," and that working with Google "reflects a shared vision to leverage open frameworks as a catalyst for disruption in the Edge IoT space."
Even with today's advance, Synaptics shares have lost more than a quarter of their value in the past year. Alphabet’s shares have gained nearly 40% in the past year, despite a slight decline of less than 1 percent.
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