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Highlights
- Nanoveu surges after starting AI chip testing.
- Focus on benchmarks for person detection and image classification.
- Potential applications include drones and smart home systems.
Nanoveu (ASX:NVU) has seen a notable rise in its stock price, climbing by over 10% to 4.2 cents per share, following the commencement of benchmark testing for its new AI chipset. The semiconductor business, Embedded A.I. Systems (EMASS), which Nanoveu is set to acquire, has launched the testing process for its ECS-DOT system-on-a-chip (SoC) technology. This development has sparked interest in the market, driving up Nanoveu’s trading value.
The testing is centered on the MLPerf Tiny AI benchmark, a performance standard for evaluating the capabilities of AI chips, especially in tasks like person detection and image classification. EMASS has started the work on this chipset and anticipates initial results by the following week. These benchmarks are expected to provide a clear indication of how the ECS-DOT chip compares to competitors such as STMicroelectronics and Syntiant, which hold significant positions in the market with valuations of US$24.8 billion and US$500 million, respectively.
Market sentiment reflects optimism, with both investors and users on the HotCopper platform expressing enthusiasm about the potential success of the chipset. Nanoveu’s claim that successful tests could showcase the market-leading potential of the ECS-DOT chipset has only added to the buzz around the company.
Alfred Chong, Nanoveu’s managing director, highlighted the importance of these tests for the company’s future plans. He explained that the integration of the EMASS chipsets with Nanoveu’s EyeFly3D technology is a critical next step, as the company prepares for increased demand in 3D applications. According to Chong, testing the chipset's ability to handle person detection and image classification is essential to validate its capabilities and to ensure optimal performance for next-generation applications.
Chong further emphasized that these tests will also enable Nanoveu to optimize the chipset for use in various applications, including self-navigating drones, autonomous driving systems, and smart home technologies. If the tests yield favorable results, EMASS will be well-positioned to play a key role in developing power-efficient and powerful SoCs.
With the AI and semiconductor industries continuing to grow, Nanoveu’s advancements could lead to significant opportunities for its technology. The upcoming test results will be crucial in determining how well the ECS-DOT chip can compete in the broader market, particularly against established players like STMicroelectronics and Syntiant.
