Red Cat shares are trading higher. The company announced a partnership with Palladyne AI to embed AI into teal drones to enable autonomous operation.
Portfolio Pulse from Benzinga Newsdesk
Red Cat shares are trading higher following the announcement of a partnership with Palladyne AI to integrate AI into their teal drones, enabling autonomous operation.
October 01, 2024 | 7:52 pm
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Red Cat's stock is experiencing an upward trend due to a new partnership with Palladyne AI, which will enhance their teal drones with AI for autonomous capabilities.
The partnership with Palladyne AI is a significant development for Red Cat, as it enhances their product offering by integrating AI for autonomous drone operation. This innovation is likely to attract investor interest, driving the stock price higher in the short term.
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