From Nasdaq: 2024-06-13 08:57:00

Arrow Electronics introduces a cutting-edge AI-powered steering system for mobility technology, using facial recognition and NVIDIA processor. Tested by a quadriplegic racecar driver, the system allows steering through head motions at competitive speeds. The technology, powered by NVIDIA’s Jetson AGX Orin module, opens possibilities for inclusive mobility solutions in various industries. Arrow Electronics, positioned as an AI solutions provider, stands out in the competitive landscape for creating accessible transportation solutions. As the AI market grows to $1339.1 billion by 2030, Arrow Electronics strengthens its AI initiatives to capture this growth potential, offering comprehensive solutions for AI development and deployment. With an emphasis on AI and cloud integration, Arrow Electronics faces competition from industry giants like IBM but aims to differentiate its offerings to drive future growth. Despite an estimated decline in revenues and earnings for 2024, Arrow Electronics maintains a strong position in the evolving AI and cloud computing markets.



Read more at Nasdaq: Arrow Electronics (ARW) Unveils New AI-Powered Steering System