From Dow Jones & Company:

GSI Technology Inc. wins $1.1 million contract to develop AI chip for U.S. Air Force. The chip will be used for in-aircraft search and rescue, object detection, and change detection. The technology uses SSIM for “photo hunt” to determine general location. GSI will create algorithms for U.S. Air Force Research Lab. The company’s stock ended Wednesday’s session down 4.1%. GSI sparked meme-like buzz last year and has attracted attention from AI investors. The stock has risen 44.9% in the last 12 months, outpacing the S&P 500’s gain of 22.1% in that time.



Read more: GSI Technology clinches AI-chip deal with U.S. Air Force