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Stock impact report

TechCrunch Disrupt 2024 [TechCrunch]

Cisco Systems, Inc. (CSCO) 
Last cisco systems, inc. earnings: 2/12 04:05 pm Check Earnings Report
Company Research Source: TechCrunch
DEEPX was founded in 2018 by CEO Lokwon Kim, who previously worked at Apple, Cisco Systems, the IBM Thomas J. Watson Research Center and Broadcom. The market size of global edge AI, also called on-device AI, is projected to reach $107.47 billion by 2029 , up from $11.98 billion in 2021, according to a recent report. “The on-device AI market, excluding edge servers, requires AI capabilities to be implemented, bypassing servers or the cloud,” Kim told TechCrunch. “The [on-device AI market] is expanding due to computer vision capabilities like facial and voice recognition, smart mobility, robotics, the internet of things and physical security systems.” Kim said that if its mass production begins this year, potential customers such as end-product manufacturers will be able to commercialize their products with DEEPX's AI chips in 2025. DEEPX, which has around 65 employees, is not the only company that has developed AI chip solutions. The Korean outfit competes with Hailo , which lan Show less Read more
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