AI in the Sky: Deep Learning Drones
Aquiline Drones Corp. (AD) quips that, “All roads lead to AI.” Recent developments in artificial intelligence (AI) integration make that statement hard to argue against, and the astute application of AI to AD’s cloud-based services also makes a lot of sense. So, smart drones are a real thing. But are they smart enough to solve problems and create a return on investment?
I’ve already written about AI in relation to the supply chain and automation, and with good reason. According to a report by Grand View Research, worldwide revenues for the AI market, including software, hardware, and services, are forecast to grow 40.2 percent annually, topping $997.77 billion by the end of 2028. Now, with AD acquiring ElluminAI Labs, I’m exploring AI in the realm of commercial aerial drones.
AI enabled drones
According to AD, the acquisition of ElluminAI Labs is the second strategic acquisition in the company’s pre-IPO plan. The first being the purchase of 50 percent of Netherlands-based Aerialtronics, a renowned drone manufacturer, for $9 million from Paris-based Drone Volt. The purchase was principally to bolster AD’s in-house R&D capabilities.
The acquisition of ElluminAI Labs enables AD to incorporate deep learning AI frameworks throughout its entire drone technology ecosystem which includes manufacturing, pilot training, drone business operations, and cloud solutions, all on a global scale.