Benzinga | Jul 8, 2021 02:47PM EDT

Canaan Introduces Self-Developed Edge AI Chip, The Kendryte K510

* Canaan Inc (NASDAQ:CAN) announced it is launching an independently designed and developed RISC-V-based edge AI chip Kendryte K510 at the 2021 World Artificial Intelligence Conference.

* The original data flow computing technology of the K510 improves the chip's computing power by three times.

* The K510 is highly customizable and capable of empowering developers in their execution of scenario-based development.

* The K510 can serve UAV high-definition aerial photography, high-definition panoramic video conferences, robotics, STEAM education, driver assistance scenarios, and industrial and professional cameras.

* Price action: CAN shares traded lower by 8.50% at $6.57 on the last check Thursday.