AST SpaceMobile (ASTS, Financial) saw its stock price surge over 21%, reaching $29.52. This significant increase comes as the company benefits from groundbreaking advancements in AI and 5G technology by two major players in the tech industry: Nvidia and SoftBank Corp, a subsidiary of SoftBank Group. The two companies have successfully tested the world's first AI and 5G telecommunications network.
The new platform, capable of running both AI and 5G workloads, represents an innovative approach known as AI Radio Access Network (AI-RAN) in the telecommunications field. Potential applications for AI-RAN include remote support for autonomous vehicles and enhanced robot control systems, pointing towards a future of seamless integration between AI technologies and telecommunication infrastructures.
AST SpaceMobile Inc is a satellite design and manufacturing company that stands to gain from these advancements. The company is in the process of creating a space-based cellular broadband network. This network aims to connect directly with standard, unmodified mobile devices and existing mobile phones, leveraging its extensive intellectual property and patent portfolio. The company's mission is to bridge the connectivity gap for mobile users around the globe, ultimately bringing broadband to billions who remain unconnected.
