GSI Technology recently announced design completion of its Gemini-II processor, which is aimed at the AI market
GSI Technology Inc. is eyeing opportunities for its new Gemini-II processor in artificial-intelligence applications and the aerospace market, touting its technology as a good fit for drones, satellites and aircraft.
GSI recently announced a milestone for its Gemini-II processor, which is aimed at the AI market. Last week, the memory specialist announced “tape-out,” or design completion, of the Gemini-II associative processing unit. In a statement, GSI Technology said that Gemini-II will bring significant performance enhancements over its predecessor, Gemini-I, with more than 10 times the processing performance and eight times the memory density.
While companies like Nvidia Corp. NVDA, +3.39%, Palantir Technologies Inc. PLTR, +0.25% and Microsoft Corp. MSFT, +1.17% have cemented themselves as AI players in the eyes of Wall Street, investors have also been watching lesser-known AI-related companies this year.Set against this backdrop, GSI Technology’s stock has risen 33.5% this year, outpacing the S&P 500’s SPX gain of 10.1%.
With a market cap of $56.7 million, GSI Technology is relatively small, particularly when compared with meme-stock darlings AMC Entertainment Holdings Inc. AMC, +2.20% and GameStop Corp. GME, +0.41% or with AI-chip giant Nvidia, NVDA, +3.39% which has a market cap of over $1 trillion.“Where we really start to shine is when people’s databases start to become big,” said Wright, noting that applying a lot of graphics processing units to that scenario can be power-intensive and expensive.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How technology is elevating luxury shopping in the age of experienceRecognizing the need for immersive and engaging shopping experiences, luxury brands are embracing technology-enhanced experiential retail.
Read more »
Carlo Tortora Brayda - Forbes Technology CouncilCarlo Tortora Brayda's stories.
Read more »
FLSmidth leverages global technology for local impactDriving its leading technology through a pure play mining strategy, FLSmidth has been optimising its footprint to be closer to customers with local solutions and expertise. Alistair McKay, FLSmidth’s Head of Site and Service Sales Sub Saharan Africa, Middle East & South Asia (SSAMESA), highlights the CORE’26 mission at the centre of this strategy.
Read more »
Kevin Beasley - Forbes Technology CouncilKevin Beasley's stories.
Read more »
China's technology theft a massive threat, FBI head warnsGlobal intelligence chiefs are warning of China's theft of technology. The pervasive stealing threatens economic security and public safety, they said.
Read more »
China stealing technology secrets, 'Five Eyes' intelligence leaders warnIntelligence leaders from the U.S., Canada, United Kingdom, Australia and New Zealand are issuing a stark warning on the danger of China's global espionage campaign.
Read more »