• Synaptics and Alphabet’s Google will collaborate on Internet of Things (IoT) technology.

• Synaptics said the companies would use Google’s machine learning core with its Synaptics Astra hardware.

• The merger aims to accelerate the development of artificial intelligence (AI) devices for a range of IoT applications.

Shares of Synaptics (SYNA) rose more than 6% on Thursday after the Internet of Things (IoT) technology developer announced an artificial intelligence (AI) collaboration with Alphabet’s (GOOGL) Google.

The company said it will work with Google on Edge AI, “for IoT, to define the optimal implementation of multimodal processing for context-aware computing.”

Synaptics explained that the agreement will integrate Google’s machine learning core into its Synaptics Astra hardware. It noted that the combination will accelerate the development of AI devices for the IoT “that support image, image, voice, sound and other modalities processing” used in a range of applications.

Chief Product Officer Vikram Gupta said the world is “on the verge of a transformative era in edge AI devices” and the collaboration with Google “reflects a shared vision to leverage open frameworks as a catalyst for disruption in the edge IoT space. “

Despite today’s rise, Synaptics shares have lost more than a quarter of their value over the past year. Shares of Alphabet, down less than 1%, have risen nearly 40% since the start of 2024.

Read the original article on Investopedia