Palladyne AI Stock Rises Further as Drone Tracks Moving Target With Its Software | Global News Avenue

Palladyne AI stock (Pardine) rose further on Monday, extending recent gains. Artificial Intelligence (AI) Robotics Software says its technology has successfully tracked a moving target for the first time.

The company reported that the Palladyne Pilot AI platform used in third-party small drone flights “demonstrated the ability to identify and prioritize ground targets of interest, then interface with the drone’s autopilot software to automatically track the prioritized targets.” Target.”

Previously, Pilot was able to identify and target stationary locations and hovering drones, Palladyne noted. In this test, the program was combined with third-party self-driving software to “autonomously control the navigation of the drone while identifying, prioritizing, tracking and following desired targets.”

co-founder and chief technology officer Dr. Denis Garagic explained that the company expects to complete commercialization of the Palladyne Pilot by the end of the first quarter of 2025. Once implemented, “small, affordable drones will eventually offer some of the same smart capabilities as larger, multi-purpose drones,” Garagic said. Multimillion-dollar unmanned systems have been around for years. ”

Palladyne AI shares rose 2% shortly after the market opened on Monday. Shares have soared more than 200% since the announcement last week, reaching their highest level in more than two years.