Arrow Electronics partners with SiMa.ai in EMEA to distribute MLSoC products, driving future revenue growth.

From Nasdaq: 2024-05-29 10:32:00

Arrow Electronics (ARW) partners with SiMa.ai to distribute MLSoC products in the EMEA region. SiMa.ai’s platform offers high performance and power efficiency for various AI applications. ARW’s new Edge AI engineering services support customer needs in AI and ML for embedded applications. This move is expected to drive revenue growth for ARW in the future.

In the competitive tech sector, Arrow Electronics faces challenges from giants like IBM and HashiCorp. However, its expanded engineering services in AI and ML position the company to meet the demand for embedded solutions. With a Zacks Rank #4 (Sell), ARW’s revenue estimate for 2024 projects a decline, but ongoing innovations in AI are crucial for future growth and competition.

Investing in AI and cloud integration, companies like IBM offer tools like IBM Cloud Orchestrator, while HashiCorp provides Terraform for managing cloud infrastructure. ARW’s collaboration with Microsoft Azure enhances cloud services for its customers. The expanding demand for AI solutions sets the stage for ARW to capitalize on its Edge AI services for embedded applications.



Read more at Nasdaq: Arrow Electronics (ARW), SiMa.ai Forge Partnership in EMEA