Lantronix Announces Snapdragon 8 Gen 3 Mobile Hardware Development Kit for Qualcomm 8650 System-on-Chip
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The introduction of Lantronix Inc.'s Snapdragon™ 8 Gen 3 mobile hardware development kit (HDK) aligns with the burgeoning demand for advanced AI capabilities in various sectors. As the Multimodal AI Market is projected to grow at a CAGR of 35.8 percent until 2030, this release taps into a significant growth opportunity. The HDK's potential to double AI performance could catalyze innovation in Smart Cities, Automotive and Enterprise, which are high-growth areas Lantronix targets.
From a market perspective, Lantronix's collaboration with Qualcomm™ Technologies and its focus on edge AI solutions could position the company as a key player in AI-driven markets. The ability to support multi-modal generative AI models may provide Lantronix with a competitive edge, as these capabilities are increasingly sought after for dynamic content creation and intelligent capture.
The Snapdragon 8 Gen 3 platform's AI Engine's first-time support for multi-modal generative AI models is noteworthy. It signifies a step forward in the development of edge AI technology, where processing is done on the device itself, reducing latency and reliance on cloud computing. This could lead to more responsive and efficient AI applications in robotics, video analytics and other areas where real-time processing is critical.
The HDK's low power consumption combined with rich graphics capabilities is also significant. It allows for the creation of advanced mobile applications that do not compromise on performance or battery life, which is crucial for user adoption and satisfaction. The ability to execute Large-Language Models (LLMs) at the edge further underlines the kit's advanced capabilities, potentially leading to transformative applications in natural language processing and machine learning.
Lantronix Inc.'s stock market investors may view the release of the Snapdragon 8 Gen 3 mobile HDK as a forward-looking investment in the company's product line. The enhanced AI capabilities suggest a strategic move to capitalize on high-growth industries that could lead to increased revenue streams. Investors will likely monitor the adoption rate of the new HDK and its impact on Lantronix's market share and financial performance.
Given the projected growth of the Multimodal AI Market, the financial implications for Lantronix could be substantial if the HDK gains traction among OEMs, hardware vendors and software developers. The company's stock valuation may be influenced by the market's perception of its potential to lead in the AI space, especially in the context of its collaboration with Qualcomm and its focus on edge AI applications.
Single-Board Computer Delivers Feature-Rich Development Capabilities
IRVINE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Lantronix Inc. (NASDAQ: LTRX), a global provider of compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise, today announced its new Snapdragon™ 8 Gen 3 mobile hardware development kit (HDK). A single-board computer (SBC) built on the Snapdragon 8 Gen 3 Platform, the new HDK provides an expandable, feature-rich starting point for the development of new mobile applications and devices utilizing Qualcomm™ Technologies Inc.’s Snapdragon 8650 System-on-Chip (SoC).
“Our new hardware development kit is a Qualcomm Snapdragon 8 Gen 3 platform that delivers nearly double the AI performance of the previous model, enabling the development of powerful AI solutions that open up new possibilities in robotics, video and edge AI,” said Brian Jaroszewski, director of Product Line Management at Lantronix. “Based on our long-standing relationship with Qualcomm, Lantronix continually delivers cutting-edge solutions that empower its customers to create breakthrough technology-driven solutions.”
According to Grand View Research, the Multimodal AI Market was estimated at
Twice the AI Performance of Previous Gen 2 Model
The Snapdragon 8 Gen 3 mobile HDK gives customers, OEMs, hardware vendors and software developers a Qualcomm-based solution that delivers powerful AI capabilities with rich graphics at very low power. The HDK is an excellent platform for testing and executing a Large-Language Model (LLM), a type of artificial intelligence algorithm that uses deep learning techniques and large data sets to understand, generate and predict new content, all at the edge. The Qualcomm AI Engine in the Snapdragon 8 Gen 3 is the company’s first AI Engine to support multi-modal generative AI models to locally handle text, image and speech to address use cases such as dynamic content creation, image and video labeling and context-aware response.
Qualcomm’s Snapdragon 8 Gen 3 Mobile Platform
The Snapdragon 8 Gen 3 Mobile Platform delivers premium-level performance across all mobile experiences, enabling users to achieve newfound creativity with generative AI and intelligent capture for one-of-a-kind content, such as voice-activated photo and video editing, as well as enjoy console-defying 240 FPS mobile gaming or listen to studio-quality audio, all backed by the world’s fastest mobile connectivity.
About Lantronix
Lantronix Inc. is a global provider of compute and connectivity IoT solutions that target high-growth industries, including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to achieve success in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.
For more information, visit the Lantronix website.
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