BRN Discussion Ongoing

[TechGirl]

this could be the interview you speak of

https://thestockexchange.com.au/threads/brn-discussion-2022.1/post-73288

Interview with Brainchip (ASX:BRN) CEO Sean Hehir

BrainChip (ASX:BRN) CEO, Sean Hehir, spoke to us about BRN's partnership with ARM and the many opportunities BRN is seeing in the market.

stocksdownunder.com

Marc: Right. Okay. Last question and it’s probably the simplest one for you. Looking at deals with, you know, likes of MegaChips, just for our viewers, can you just briefly explain what revenue looks like and at what stage that comes in?

Sean: Sure, sure. At its simplest level, our revenue model is very much a licensing or an IP model. So, when you sell to a MegaChips or others, they pay, you know, a significant amount of money for that license for a period of time. And they either have a single design or multi-design depending on what they decide to buy. But, you know, it’s a significant purchase for those companies to buy. Then you go through a period…when they produce their products, you get royalties. But I like to describe how that royalty stream looks like. Obviously, there’s a delay. Somebody buys a license. Then they’ve gotta develop their products so maybe a year, two, maybe even three sometimes before the products come.

But when their products start hitting the market, we collect a royalty on each individual product. And so, our modeling, the way we do it is it’s a factor, not a percentage. So, if somebody paid, you know…let’s just say they paid $1 for a license. Obviously, it’s a lot more. We’d expect $3 or $4 or $5 in royalties, not 50 cents. So that’s a way to look at it if you’re trying to model our revenue. As licensees come on more and more, there’ll be a delay but then, quite frankly, the royalties with no cogs come through, and that’s the beauty of this model.

Hi Neuromorphia,

Thanks for that.

I also remember in one of Jerome's recent podcasts he talked about how some client's will pay a fix amount or maybe even a percentage royalty & then he mentioned how some other customers would pay us a percentage of the sale price of the finished product.

Does anyone else remember this?

 

[wilzy123]

In one of Sean's first interviews, must have been a podcast because I tried looking for it on YouTube but can't find, he spoke about the revenue model being IP license and royalties. He said the royalties would be on a sliding scale depending on how many applications were produced using our IP. He spoke in cents not dollars. Even mentioned 10c I think which frightened me. In The Wall Street Resource interview (13.50 minute mark) he said the board sales or the system sales was just to get the word out there and he doesn't expect much revenue.

I haven't heard Sean speak actual dollars and cents again so he might have been a little excited being one of his first interviews as CEO and let it slip.

What is your point?

 

[butcherano]

this could be the interview you speak of

https://thestockexchange.com.au/threads/brn-discussion-2022.1/post-73288

Interview with Brainchip (ASX:BRN) CEO Sean Hehir

BrainChip (ASX:BRN) CEO, Sean Hehir, spoke to us about BRN's partnership with ARM and the many opportunities BRN is seeing in the market.

stocksdownunder.com

Marc: Right. Okay. Last question and it’s probably the simplest one for you. Looking at deals with, you know, likes of MegaChips, just for our viewers, can you just briefly explain what revenue looks like and at what stage that comes in?

Sean: Sure, sure. At its simplest level, our revenue model is very much a licensing or an IP model. So, when you sell to a MegaChips or others, they pay, you know, a significant amount of money for that license for a period of time. And they either have a single design or multi-design depending on what they decide to buy. But, you know, it’s a significant purchase for those companies to buy. Then you go through a period…when they produce their products, you get royalties. But I like to describe how that royalty stream looks like. Obviously, there’s a delay. Somebody buys a license. Then they’ve gotta develop their products so maybe a year, two, maybe even three sometimes before the products come.

But when their products start hitting the market, we collect a royalty on each individual product. And so, our modeling, the way we do it is it’s a factor, not a percentage. So, if somebody paid, you know…let’s just say they paid $1 for a license. Obviously, it’s a lot more. We’d expect $3 or $4 or $5 in royalties, not 50 cents. So that’s a way to look at it if you’re trying to model our revenue. As licensees come on more and more, there’ll be a delay but then, quite frankly, the royalties with no cogs come through, and that’s the beauty of this model.

Yeah but that’s not an absolute value per chip…they’re just arbitrary numbers. I interpreted that as Sean saying that the annual royalties are going to be multiples of the amount that a customer pays for the license. ie. If Megachips paid $2m upfront for the license, then royalties for one of their customers that incorporate Akida into a device would give Brainchip royalties of $6m or $8m or $10m using those numbers…..and not a fraction of the license value….

 

[Proga]

Cheers @Proga. I don’t actually ever recall the company stating the royalties in $’s (or c’s) per chip. Can’t bring myself to believe that it would be as low as 10c though….unless it was per node maybe?!…and even that seems really low….

Get the IP in mobile phones and it might be. They sell in the billions ie sliding scale. The beauty about Akida is it will be in thousands of applications with sales of the applications in the 10's of billions.

A chip has many components. The why I think about it is how much does a chip cost and how much are we part of the chip in dollar terms? Obviously, other components of a chip cost more. We're only providing IP which does provide very high margins even at say 50c.

I wish I could find the interview to check. I think it was with one of the tech news sites in February. 2-3 months after he joined.

 

[TechGirl]

Yeah but that’s not an absolute value per chip…they’re just arbitrary numbers. I interpreted that as Sean saying that the annual royalties are going to be multiples of the amount that a customer pays for the license. ie. If Megachips paid $2m upfront for the license, then royalties for one of their customers that incorporate Akida into a device would give Brainchip royalties of $6m or $8m or $10m using those numbers…..and not a fraction of the license value….

Agreed, that is what Sean was saying

 

[Proga]

What is your point?

Whatever you want it to be.

 

[wilzy123]

Whatever you want it to be.

I literally did not understand whether you were trying to make a point (and if so, what it was....) OR ask a question OR something else?

 

[buena suerte :-)]

Might have already been posted ... but great to see something from Anil

29/06/2022

Brainchip agrees new technological partnership​

Laguna Hills, Ca (USA)​

Brainchip Holdings has entered into a new technology partnership with Prophesee, the inventor of some of the world’s most advanced neuromorphic vision systems. The aim of the new partnership is to deliver next-generation platforms for OEMs looking to integrate event-based vision systems with high levels of AI performance coupled with ultra-low power technologies.

Inspired by human vision, Prophesee’s technology uses a patented sensor design and AI algorithms that mimic the eye and brain to reveal what was invisible until now using standard frame-based technology. Prophesee’s computer vision systems open new potential in areas such as autonomous vehicles, industrial automation, IoT, security and surveillance, and AR/VR.
Brainchip’s first-to-market neuromorphic processor, Akida, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Keeping AI/ML local to the chip, independent of the cloud, also dramatically reduces latency.
“We’ve successfully ported the data from Prophesee’s neuromorphic-based camera sensor to process inference on Akida with impressive performance,” said Anil Mankar, Co-Founder and CDO of Brainchip. “This combination of intelligent vision sensors with Akida’s ability to process data with unparalleled efficiency, precision and economy of energy at the point of acquisition truly advances state-of-the-art AI enablement and offers manufacturers a ready-to-implement solution.”

“By combining our Metavision solution with Akida-based IP, we are better able to deliver a complete high-performance and ultra-low power solution to OEMs looking to leverage edge-based visual technologies as part of their product offerings,” said Luca Verre, CEO and co-founder of Prophesee.
Email: Lcoello@brainchip.com
Website: www.brainchip.ai
Read more about BrainChip Holdings Ltd.

 

[Diogenese]

Secret sauce with chocolate topping!

Brilliant Brilliant Brilliant Article

Edge Impulse Releases Deployment Support for BrainChip Akida Neuromorphic IP

/PRNewswire/ -- Edge Impulse, the leading platform for enabling ML at the edge, and BrainChip, the leading provider of neuromorphic AI IP technology, announced...

www.prnewswire.com

• Edge Impulse Releases Deployment Support for BrainChip Akida Neuromorphic IP

---

NEWS PROVIDED BY
Edge Impulse
Aug 03, 2022, 08:00 ET

---

The tech firms' collaboration augments brain-mimicking Spiking Neural Networks.

SAN JOSE, Calif., Aug. 3, 2022 /PRNewswire/ -- Edge Impulse, the leading platform for enabling ML at the edge, and BrainChip, the leading provider of neuromorphic AI IPtechnology, announced support for deploying Edge Impulse projects on the BrainChip MetaTF platform.

Edge Impulse enables developers to rapidly build enterprise-grade ML algorithms, trained on real sensor data, in a low to no code environment. These trained algorithms can now be quantized, optimized and converted to Spiking Neural Networks (SNN), which are compatible and can be deployed with BrainChip Akida™ devices. This capability is available for new and existing Edge Impulse projects by using the BrainChip MetaTF model deployment block integrated on the platform. This deployment block enables free-tier developers and enterprise developer users to create and validate neuromorphic models for real-world use-cases and deploy on BrainChip Akida development kits.

A reference project targeting image classification is publicly available as an Edge Impulse public project, giving experts a head start with developing algorithms for the next generation of neuromorphic computing. Machine Learning experts will be able to create Akida-compatible models using the Edge Impulse expert mode within the learning block and using the BrainChip MetaTF model deployment block to use Tensorflow based models, and quantize them to complete or mixed low-precision bits, from 1 to 4 bits. It also allows the implementation of quantization-aware training to help retain the performance.

Finally, the optimized model can be converted to Akida-based SNN networks and experts will be able to download them to deploy on BrainChip Akida development kits. Experts also see performance metrics, Akida model summary, and configuration data.

"We're extremely delighted to support BrainChip's proliferation of their Akida technology," said Jan Jongboom, CTO at Edge Impulse. "The combination of BrainChip's advanced technology and Edge Impulse's industry-leading developer experience gives users an easy and seamless way for deploying ML at the edge using efficient and essential SNNs algorithms that helps the advancement of solving real-world problems of all types."

Edge Impulse is widely used to rapidly develop, deploy, and maintain ML algorithms across the industry where security, low-power, and remote deployment needs require intelligence at the edge. BrainChip's Akida IP promises to massively increase the processing capability and efficiency of such applications. Edge Impulse continues to improve access to the BrainChip Akida technology and has started to integrate BrainChip's MetaTF Software Development Environment so that those new to ML and Akida can more easily incorporate the benefits of the technology in their projects.

"Being the commercial leader in edge AI on-chip learning and neuromorphic AI IPavailability, it is critical for BrainChip to establish our ecosystem with key partnerships and technology leaders such as Edge Impulse," says Anil Mankar, Chief Development Officer at BrainChip.

"Working together, both companies are creating an advantage for the ML community. This is only the beginning of how we see our Akida technology expanding into the ecosystem."

About Edge Impulse
Edge Impulse is the leading machine learning platform, enabling all enterprises to build smarter edge products. Its technology empowers developers to bring more ML products to market faster and helps enterprise teams rapidly develop industry-specific solutions in weeks instead of years. The Edge Impulse platform provides powerful automation and low-code capabilities to make it easier to build valuable datasets and develop advanced ML with streaming data. With over 40,000 developers, and partnerships with the top silicon vendors, Edge Impulse offers a seamless integration experience to validate and deploy with confidence across the largest hardware ecosystem. To learn more, visit edgeimpulse.com.

About BrainChip Inc
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company's first-to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Keeping machine learning local to the chip, independent of the cloud, also dramatically reduces latency while improving privacy and data security. In enabling effective edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future, for its customers' products, as well as the planet. Explore the benefits of Essential AI at brainchip.com.

SOURCE Edge Impulse

 

[Slymeat]

That's big, really big. For fear of always being 5 years behind the competition these big players are going to have to have AKIDA inbedded in their systems - it's proven and there is nothing even close out there (not worth waiting for anyway) and AKIDA 2000 is expected to widen the gap further. I think our next ASX announcement will be the release of A2000, sometime this year. SP will respond upwards exponentially thereafter.

More explosion GIFs will be required

The thousand eyes can appreciate how big such an announcement is, but I fear the general investing public don’t, and can’t. Hence I don’t expect a share price reaction until products and revenue materialise, or support from a huge partner pushing our cause.

Yes, the likes of Apple and Microsoft will be able to understand the use cases and implications of ignoring Akida, but as we full know, they won’t say anything either. We have to be patient and wait for revenue streams to sing the praises of this wonderful technology.

So many investors are willing to miss the massive upswings offered by early adoption and the hype-cycle. They ignore anything that doesn’t generate revenue, and will stand by that decision through thick and thin.

The investing public is still struggling with WANCA, they will struggle more to understand LSTM and Cortical Columns. But they WILL respond to products doing seemingly impossible things, faster, and with less power consumption.

I also believe there will be a huge increase in investment when people realise the privacy benefits that true AIoT offers. Smart devices at the edge, with no need for an external connection. No cloud and not even any fog. They just privately go ahead doing their thing, and then privately let you know when something is worthy of your attention.

 

[wilzy123]

but I fear the general investing public don’t, and can’t. Hence I don’t expect a share price reaction until products and revenue materialise, or support from a huge partner pushing our cause.

The general public retail potato investor will not understand the significance of this, but the sophisticated investor who understands the industry, and is potentially already invested in BRN, will see this as progress. If the features/benefits of this new product line are comparable (i.e. 20%+ better here, 30%+ better there...) to Akida 1000, then the progress becomes a little more tangible. By this time, the world will have also moved on a little - and investors might actually be a little more receptive than they once were to an ANN of this nature.

 

[Bennysmadness]

Any idea if Innoviz are using AKIDA for their Lidar? Just signed a 4B deal with VW and have more sales through BMW. They say sales will be around 8 million units

 

[TECH]

Morning All,

Well, yesterdays podcast was another beauty, Rob bouncy and passionate as always.

Our guest, Jan, was an interesting fellow, a few words I couldn't quite pick up, but a very relaxed, positive commentary overall.

Couple of key things, which have probably already been commented on, they were:

Edge Impulse currently 98,000 projects on the go !!!!!!!! unbelievable !!

Flowing along with around 300 new projects per day, the day prior to the podcast hitting a company record of 490 new projects for the day.

Are we partnered with a loser or a winner, positivity attracts positivity, success attracts success, but in the end, if Brainchip's technology was
a dud, well, none of all these companies, small/medium or big would want anything to do with us.

Rob did elude to the fact that, all the companies he was trying to get to commit to signing a contract, sounds like some cat and mouse games are being played in my opinion, he did laugh, whether that was a nervous laugh or a sign of frustration, I'm not sure, but I did like the comment referring to ALL THE COMPANIES.

I am going to try to get some information on the Akida 2000 reference chip, as in, has it actually been completed, have a small batch of chips been fabbed out yet? Has Anil's team finished the design process ready for taping out etc...I would like to know of any progress, as I am sure you all would like to as well....an update isn't too much to ask for, it's been awhile since we really heard anything on this subject.

Also, I owe Simon Thorpe an email, so I'll see what new information he has to comment on in the world of Neural Networks, I do know that he is working on several projects with companies researching the use of Optical Neural Networks (ONN)....he still holds Brainchip shares I think, I'll check with him on that.

Anyway, take it easy.....Cheers for now......Tech x

 

[TechGirl]

The general public retail potato investor will not understand the significance of this, but the sophisticated investor who understands the industry, and is potentially already invested in BRN, will see this as progress. If the features/benefits of this new product line are comparable (i.e. 20%+ better here, 30%+ better there...) to Akida 1000, then the progress becomes a little more tangible. By this time, the world will have also moved on a little - and investors might actually be a little more receptive than they once were to an ANN of this nature.

Hey Wilzy,

I buy Retail Potatoes all the time, does this mean I am not sophisticated

 

[Proga]

this could be the interview you speak of

https://thestockexchange.com.au/threads/brn-discussion-2022.1/post-73288

Interview with Brainchip (ASX:BRN) CEO Sean Hehir

BrainChip (ASX:BRN) CEO, Sean Hehir, spoke to us about BRN's partnership with ARM and the many opportunities BRN is seeing in the market.

stocksdownunder.com

Marc: Right. Okay. Last question and it’s probably the simplest one for you. Looking at deals with, you know, likes of MegaChips, just for our viewers, can you just briefly explain what revenue looks like and at what stage that comes in?

Sean: Sure, sure. At its simplest level, our revenue model is very much a licensing or an IP model. So, when you sell to a MegaChips or others, they pay, you know, a significant amount of money for that license for a period of time. And they either have a single design or multi-design depending on what they decide to buy. But, you know, it’s a significant purchase for those companies to buy. Then you go through a period…when they produce their products, you get royalties. But I like to describe how that royalty stream looks like. Obviously, there’s a delay. Somebody buys a license. Then they’ve gotta develop their products so maybe a year, two, maybe even three sometimes before the products come.

But when their products start hitting the market, we collect a royalty on each individual product. And so, our modeling, the way we do it is it’s a factor, not a percentage. So, if somebody paid, you know…let’s just say they paid $1 for a license. Obviously, it’s a lot more. We’d expect $3 or $4 or $5 in royalties, not 50 cents. So that’s a way to look at it if you’re trying to model our revenue. As licensees come on more and more, there’ll be a delay but then, quite frankly, the royalties with no cogs come through, and that’s the beauty of this model.

I think what Sean is trying to convey is pay a low licensing fee and you'll pay more in royalties per chip but pay a high licensing fee the royalties will be lower. Either way BRN doesn't miss out. He could have explained it better.

Obviously companies who use Akida will produce at different volumes. The low volume companies won't want to pay $1m upfront just in case it doesn't sell so would prefer to pay the higher royalties as they sell. It's a balancing act.

I only talked about royalties previously. Paying a license fee as well was a given.

 

[Diogenese]

Hi DB,

off the top of my head, I think Qualcomm had not progressed beyond CNN.

What do you think of all this Diogenese, don't Qualcomm have a coupla neuromorphic memrister patents or something, that they've been developing?
I remember a while back, that they had shelved it a few years earlier and then dusted it off, in the last year or something, when Neuromorphic Computing became the technology to have?

These are just vague recollections of mine..

The strongest evidence we have, are from the "like" by Rob and the other guy.

I really do think, that he is not just randomly liking things and is giving us a bit of spice, to keep us going..

"Brain chip is going to kick butt"

Some excellent posts TG

Toad in the hole?

 

[M_C]

 

[Proga]

I literally did not understand whether you were trying to make a point (and if so, what it was....) OR ask a question OR something else?

Sorry. @DingoBorat, @butcherano and I have been discussing the different variations in royalty price per chip BRN is expected to receive. You needed to follow the whole conversation not take 1 comment out of perspective. I do it all the time myself as well.

 

[Esq.111]

Morning Chippers,

Gross shorted stock for yesterday, 3 August 2022.

429,582 units.

Getting back to normal levels of stupidity.

.

Regards,
Esq.

 

[wilzy123]

Hey Wilzy,

I buy Retail Potatoes all the time, does this mean I am not sophisticated