{"id":75949,"date":"2023-10-23T17:33:41","date_gmt":"2023-10-23T21:33:41","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/gsi-technology-targets-ai-drone-and-satellite-opportunities-with-gemini-ii-processor\/"},"modified":"2023-10-23T17:33:44","modified_gmt":"2023-10-23T21:33:44","slug":"gsi-technology-targets-ai-drone-and-satellite-opportunities-with-gemini-ii-processor","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=75949","title":{"rendered":"GSI Technology targets AI, drone and satellite opportunities with Gemini-II processor"},"content":{"rendered":"

GSI Technology Inc. is eyeing opportunities for its new Gemini-II processor in artificial-intelligence applications and the aerospace market, touting its technology as a good fit for drones, satellites and aircraft.<\/p>\n

The Sunnyvale, Calif.-based company sparked meme-like buzz\u00a0earlier this year, attracting attention from users posting on Reddit.<\/p>\n

\n

Founded in 1995, GSI Technology
\n GSIT,
\n +14.16%<\/bg-quote>
\n designs and develops memory products for the telecommunications and networking industries. The company describes itself as a leading provider of static random-access memory, or SRAM, semiconductor products. But it\u2019s GSI Technology\u2019s efforts around AI-processor technology that have been attracting attention.<\/p>\n

GSI recently announced a milestone for its Gemini-II processor, which is aimed at the AI market. Last week, the memory specialist announced \u201ctape-out,\u201d or design completion, of the Gemini-II associative processing unit. In a statement, GSI Technology said that Gemini-II will bring significant performance enhancements over its predecessor, Gemini-I, with more than 10 times the processing performance and eight times the memory density.<\/p>\n

Related: <\/strong>GSI Technology, which has sparked meme-like buzz, touts AI chip milestone<\/p>\n

The company told MarketWatch that its 16-nanometer Gemini-II chip will be generally available in 2024. Whereas the 28-nanometer Gemini I processor is well suited to synthetic-aperture radar, or SAR, image collection and molecular research, Gemini-II will extend the technology\u2019s reach to \u201ctrue data-center applications,\u201d said Didier Lasserre, GSI Technology\u2019s vice president of investor relations.<\/p>\n

GSI Technology is already in talks with what it describes as a leading cloud-service provider around Gemini-II. \u201cLarge language models, such as ChatGPT, Microsoft\u2019s Bing, and Google\u2019s Bard, are pushing natural language processing boundaries,\u201d GSI Technology CEO\u00a0Lee-Lean Shu said in a statement last week. \u201cWe\u2019ve just begun to tap into their transformative potential across many industries and applications. Abundant opportunities await Gemini-II and future APU implementations in the AI market.\u201d<\/p>\n

Lasserre said that Gemini-II, for example, could also be used in applications related to advanced driver assistance systems, or ADAS, in the automotive industry. \u201cIt will open up new markets for us,\u201d he added.<\/p>\n

While companies like Nvidia Corp.
\n NVDA,
\n +3.84%<\/bg-quote>,<\/span>
\n \u00a0Palantir Technologies Inc.\u00a0
\n PLTR,
\n +0.56%<\/bg-quote>
\n and Microsoft Corp.
\n MSFT,
\n +0.81%<\/bg-quote>
\n have cemented themselves as AI players in the eyes of Wall Street, investors have also been watching lesser-known AI-related companies this year.<\/p>\n

Related:\u00a0<\/strong>Small-cap GSI Technology generates meme-like buzz<\/p>\n

Set against this backdrop, GSI Technology\u2019s stock has risen 33.5% this year, outpacing the S&P 500\u2019s
\n SPX
\n gain of 10.1%.<\/p>\n

GSI Technology\u2019s director of AI processors, Mark Wright, told MarketWatch that the low power consumption and high performance of the Gemini-II make it a good fit for the aerospace industry. Taking up a small physical footprint, he said, the processors could be deployed directly on an aircraft, drone or satellite, where they could apply AI to image data, reducing the need to send data back to Earth for processing. \u201cYou\u2019re looking for a ship at sea, or you\u2019re looking for smoke on government land \u2026 we can do the AI,\u201d he said. \u201cIs there a possibility that there\u2019s smoke? Or is this changed from the last time we took a satellite photo?\u201d<\/p>\n

Wright used the example of Malaysia Airlines\u2019 MH370, which went missing in 2014 with 239 people on board, sparking a massive search that involved huge amounts of image data. By processing image data in a satellite, Gemini-II will be able to evaluate vast tracts of ocean more effectively, ensuring that only the most relevant data is sent back to Earth, he told MarketWatch.<\/p>\n

With a market cap of $56.7 million, GSI Technology is relatively small, particularly when compared with meme-stock darlings AMC Entertainment Holdings Inc.
\n AMC,
\n +0.88%<\/bg-quote>
\n and GameStop Corp.\u00a0
\n GME,
\n <\/bg-quote>
\n or with AI-chip giant Nvidia,
\n NVDA,
\n +3.84%<\/bg-quote>
\n which has a market cap of over $1 trillion.<\/p>\n

Related:<\/strong> Some lesser-known AI plays are gaining steam with investors<\/p>\n

\u201cWhere we really start to shine is when people\u2019s databases start to become big,\u201d said Wright, noting that applying a lot of graphics processing units to that scenario can be power-intensive and expensive. \u201cWe\u2019re very efficient because we process at a vector level,\u201d he added.<\/p>\n

\u201cWe can search multiple different fields simultaneously \u2014 because they\u2019re all vectorized, they become a number,\u201d Wright told MarketWatch. \u201cWe can take a vector, and we can immediately identify the distance between that vector and what you\u2019re looking for.\u201d<\/p>\n

During its fiscal first-quarter results in July, GSI Technology reported a net loss of $5.1 million, compared with a net loss of almost $4 million in the prior year\u2019s quarter. The company has reported a net loss for more than a dozen straight quarters.<\/p>\n

As of June 30, 2023, the company had\u00a0$27.7 million\u00a0in cash, cash equivalents and short-term investments, compared with $30.6 million\u00a0at same time last year. \u201cWe have $27.7 million in the bank, with no debt right now, so that will certainly last us a while,\u201d Lasserre told MarketWatch, adding that the company has also been cutting costs.<\/p>\n

Opinion:<\/strong> Big tech is battling to put AI on your PC, laptop and smartphone<\/p>\n

Last year the company reduced its headcount from over 180 employees to its current level of 157. \u201cThat helped bring down some of the costs,\u201d Lasserre said. \u201cAnd then we\u2019re also actively looking to raise some funds as well.\u201d<\/p>\n

GSI Technology reports fiscal second-quarter results after market close on Oct. 26.<\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

GSI Technology Inc. is eyeing opportunities for its new Gemini-II processor in artificial-intelligence applications and the aerospace market, touting its technology as a good fit for drones, satellites and aircraft. The Sunnyvale, Calif.-based company sparked meme-like buzz\u00a0earlier this year, attracting attention from users posting on Reddit. Founded in 1995, GSI Technology GSIT, +14.16% designs and […]<\/p>\n","protected":false},"author":1,"featured_media":75950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-75949","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nGSI Technology targets AI, drone and satellite opportunities with Gemini-II processor | iFintechWorld<\/title>\n<meta name=\"description\" content=\"GSI Technology Inc. is eyeing opportunities for its new Gemini-II processor in artificial-intelligence applications and the aerospace market, touting its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=75949\" \/>\n<meta property=\"og:locale\" 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