Mentioned:
The innovation in autonomous drone technology keeps on coming. And it might just be the beginning of what’s to come.
What’s happening:
- Palladyne AI (NASDAQ: PDYN) has successfully completed their first fully autonomous drone flight through their proprietary software platform Palladyne Pilot AI
Why it matters:
- This is the first time ever that Palladyne AI has been able to use their software to control a third party drone and have it capable of identifying objects on the ground, as well as tracking them as they move
- Building new technology for drones has become a mega trend throughout Wall Street and Silicon Valley, which notably led to defense tech giant Anduril recently announcing a new partnership with OpenAI to develop artificial intelligence models for preventing drone attacks targeted at American military
Going deeper:
- Palladyne AI has landed multiple deals with the military around leveraging their software platform for both drones and robotics, including cutting deals with the United States Air Force as well as the United States Navy
The intrigue:
- Palladyne AI also has an existing partnership with drone company Red Cat Holdings (NASDAQ: RCAT) who just recently entered into a highly notable collaboration with Palantir (NASDAQ: PLTR)
