Reported 3 days ago
Palladyne AI's stock has continued to rise after the company's artificial intelligence software successfully tracked a moving target for the first time. The technology integrates with third-party autopilot software, allowing drones to autonomously navigate while identifying and prioritizing targets. With plans to complete commercialization by early 2025, Palladyne anticipates that smaller drones will soon have capabilities comparable to larger, more expensive unmanned systems. The stock has seen a remarkable increase of over 200% following this announcement.
Source: YAHOO