- Devices based on MediaTek and Elliptic Labs’ hardware and software platform are likely to come out in 2020
- AI in the embedded IoT devices market will approach $26 billion in USA by 2023
AI-based smart sensor company, Elliptic Labs has collaborated with fabless semiconductor company MediaTek’s Rich IoT program according to a report by Businesswire. The partnership will allow Elliptic’s AI virtual smart sensor platform to enable original equipment manufacturer (OEMs) worldwide to use MediaTek’s IoT chipsets says the report. Consumer devices based on MediaTek and Elliptic Labs’ hardware and software platform are expected to appear next year.
Laila Danielsen, CEO of Elliptic Labs, said, “Elliptic Labs’ AI virtual smart sensors, combined with MediaTek’s cutting-edge rich IoT technology, represents a big step forward for companies developing smart IoT products for consumer use and underscores the growing significance of this market. Adding our AI Virtual Smart Sensors to MediaTek’s rich IoT processors will give OEMs a powerful platform on which to innovate across the intelligent devices market.”
AI in embedded IoT devices market to hit $26 billion valuation by 2023
She further added that according to research group, Market and Research, IoT will represent 83 per cent of the entire AI chipset market by 2023. Globally, AI in the embedded IoT devices market will approach $26 billion valuation by 2023.
Elliptic Lab’s smart sensor platform uses a device’s existing speaker and microphone to add a new level of capabilities. It also comes with gesture control that allows users to interact with their devices in an easy and fast manner says the company.