Synaptics Stock Surges on Google AI Tech Partnership | Global News Avenue

Synaptics stock (son) surged more than 6% on Thursday after the company’s technology developer Internet of Things (IoT) announced Artificial Intelligence (AI) Partnership with Alphabet (Google) Google.

The company said it will work with Google to develop Edge AI to “define the best implementation of multi-modal processing for context-aware computing for the Internet of Things.”

Synaptics explained that the agreement will integrate Google’s machine learning Core and its Synaptics Astra hardware. The merger will accelerate the development of IoT artificial intelligence devices that “support processing of vision, image, speech, sound and other modalities” for a range of applications, the statement noted.

Vikram Gupta, chief product officer, said the world is “on the edge of a transformative era of edge AI devices” and that the partnership with Google “reflects a shared vision of leveraging open frameworks as a catalyst to disrupt the edge IoT space.”

Even with today’s gains, Synaptics’ shares are still down more than a quarter over the past year. Alphabet shares have fallen less than 1% since the start of 2024, but have risen nearly 40%.