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According to foreign media reports, Renesas Electronics announced that it has reached a definitive agreement with Reality AI to acquire the embedded AI solutions provider in an all-cash transaction. The transaction has been unanimously approved by the…
According to foreign media reports, Renesas Electronics announced that it has reached a definitive agreement with Reality AI to acquire the embedded AI solutions provider in an all-cash transaction. The transaction has been unanimously approved by the boards of both companies and is expected to close by the end of 2022.
Through this acquisition, Renesas will significantly enhance its on-device AI capabilities, providing system developers with more flexibility and efficiency, thereby accelerating the development of AIoT products and bringing them to market faster.
The importance of embedding AI into products in a connected world has reportedly skyrocketed as end-use workload demands change. The companies say that for industrial IoT, consumer, automotive and other embedded applications that require intelligent decision-making based on machine learning, physical proximity to the data source, low latency and high security are a must.
Headquartered in Columbia, Maryland, Reality AI provides a broad range of embedded AI and Tiny Machine Learning (TinyML) solutions for advanced non-visual perception in automotive, industrial and commercial products.
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
Time:2024-11-16
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