Inuitive will contribute its existing and future vision processors and its AI framework, while SoftBank will offer AI expertise and IoT platforms, that deliver advanced heterogeneous processing capabilities for embedded products. The companies expect the collaboration to drive the popularity and development of smart IoT devices and systems.
Devices such as IoT are becoming more intelligent with the proliferation of AI. Implementing AI on the device provides a number of advantages over current market implementations, enabling edge devices to provide human-like interaction while keeping consumer market price tag. Additional benefits of on-chip AI include real-time performance, privacy protection and longer operation time.
"To develop an AI framework, it takes efforts from players in multiple domains," said Mr. Shlomo Gadot, founder and chief executive officer, Inuitive. "The strategic collaboration between Inuitive and SoftBank will advance on-device intelligence by leveraging Inuitive's advanced technologies and SoftBank market proven technologies. Together we'll push the performance envelope and extend AI to places that are currently beyond reach."
"SoftBank has been conducting research in AI over a decade," said Hironobu Tamba, Vice President, Head of Smart IoT Division, SoftBank. "We look forward to the results of our collaboration with Inuitive to further accelerate new and exciting capabilities of on-chip AI for millions of devices".