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News  ›  Benzinga

SKYX Plugs Into Nvidia's AI Ecosystem To Supercharge Smart Homes

Benzinga Logo Benzinga By Nabaparna Bhattacharya
SKYX Plugs Into Nvidia's AI Ecosystem To Supercharge Smart Homes

SKYX Platforms announced a strategic partnership with Nvidia by joining its Connect Program to enhance its ceiling-based smart home automation platform. The collaboration provides SKYX access to Nvidia's cloud tools, GPU systems, and AI software frameworks to enable advanced features like speech recognition, anomaly detection, and fall detection. Despite the positive strategic development, SKYX shares declined 3.95% to $2.19 on Thursday.

Insights
SKYX   positive

Strategic partnership with Nvidia provides significant technological advantages, access to advanced AI tools, and positions the company to lead in smart home solutions with new revenue streams through subscriptions and analytics services. However, stock price declined on announcement day, suggesting market skepticism or profit-taking.