Raspberry Pi Embraces AI With Hailo Collaboration
What is the primary reason for Raspberry Pi Ltd's decision to list on the London Stock Exchange?
The primary reason for Raspberry Pi Ltd's decision to list on the London Stock Exchange is to secure the next stage of growth and impact for both the Foundation and the commercial company. Through the Initial Public Offering (IPO), Raspberry Pi Ltd aims to raise funds that will enable the company to expand its product line, hire more engineers, and invest in innovation and product development. Additionally, the IPO will provide the Raspberry Pi Foundation with the ability to sell some of its shares to finance a sustainable expansion of its educational activities.
What new product did Raspberry Pi unveil in collaboration with Hailo, and what are its capabilities?
Raspberry Pi unveiled its latest product, an AI board for vision capabilities, in collaboration with Hailo. The Raspberry Pi AI kit is a $70 Raspberry Pi 5 computer with a M.2 HAT+ connector to a Hailo-8L AI accelerator module6. The AI kit can run neural networks capable of detecting objects, recognizing faces, and performing other vision-related tasks. It can run inference on video files, interpreting pre-recorded images, which might enable greater customization for smart home setups or manufacturing. The kit is also compatible with first- or third-party cameras.
How does Raspberry Pi Ltd plan to utilize the funds raised from the IPO?
Raspberry Pi Ltd plans to utilize the funds raised from the IPO for several purposes. Firstly, the company aims to expand its product line and hire more engineers. This will help the company to continue innovating and developing new products, such as the recently announced AI board for vision capabilities in collaboration with Hailo. Secondly, the IPO will provide the necessary capital to fuel further innovation and expansion, benefiting both the commercial and educational arms of the Raspberry Pi Foundation. Lastly, the funds will also be used for engineering capital expenditure, to enhance the company's supply chain resilience, and for general corporate purposes.