Recent advancements in AI chips have been highlighted by GSI Technology's announcement of its selection for a U.S. Army SBIR contract. This contract aims to develop edge AI computing solutions utilizing GSI's innovative compute-in-memory technology, Gemini-II. The objectives of the project include integrating this technology with tailored AI models to address the Army's specific needs and identifying suitable algorithms for efficient military applications. By directly processing data in memory, Gemini-II offers reduced power consumption and improved processing capacity, supporting potential military and dual-use applications like computer vision and mobile data computation.

In other market news, Intel was trading firmly up 9.3% and finishing the session at $21.49. Meanwhile, TongweiLtd trailed, down 2.5% to end trading at CN¥21.17.

Intel is leveraging advanced technologies and AI product lines to enhance profitability and market share. Discover more about Intel's strategic initiatives by clicking through to the full narrative.

As a follow-up, take a look at our Market Insights article, "The AI Capex Cycle Shows No Signs Of Slowing Down," where we explored the ongoing investment surge in AI infrastructure and its impact on AI chip providers like Nvidia and TSMC, providing crucial context for understanding the recent share price movements in AI-related stocks.

Best AI Chip Stocks

Where To Now?

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.