BRN Discussion Ongoing

[Slymeat]

The trouble with Brainchip it is like owning an opaque snow globe that is gaining momentum as it rolls across the world.

We know there is so much beauty and complexity occurring inside but we will never be able or allowed to see the full extent of the complexity and beauty being created.

My opinion only DYOR
FF

AKIDA BALLISTA

That’s an eloquent analogy @Fact Finder. Quite beautiful actually. I have re-read it several times, as one does with a favourite line from a well-written poem. I may even quote it in the future.

The simple notion of an opaque snow globe waxes lyrical and conveys an air of mysticism. Which to the layperson, most technology is.

It does however have one flaw (a flaw that I am sure you are aware of): the function of a snow globe is to reveal the beauty that lies within. But even with that flaw, I can‘t get over just how apt an analogy it is.

In all reality we will never need to know the beauty that lies within Akida. We will only ever need to know the function that beauty can provide to us.

Even if we were shown the beauty that lies within, most of us will not be able to comprehend it anyway.

Much like any complicated everyday device; take a TV for instance. An absolutely marvellous invention that is a central piece of household furniture for billions, and supplies countless hours of functionality that many depend upon. None of us need to know how it works to gain from it. Most users struggle to learn the function of all the buttons on the remote.

Akida will be embedded in devices without us being aware. The world will take to those devices in droves, and we will only know by following the money.

I’m satisfied with that.

For some reason I am reminded of a Simon Cowell comment on AGT. Simon has a fear of clowns but following an act known as Puddles Pity Party he said—“I never ever want to know who you are.” As in knowing would spoil the experience. The enigma of not knowing can be the thrill of it.

Puddles Pity Party on AGT

 

[supersonic001]

They probably need someone to work in the office/research centre set up by Sony and Prophesee.

My opinion only DYOR
FF

AKIDA BALLISTA

MEGAchips home turf also right ?

 

[Bravo]

That’s an eloquent analogy @Fact Finder. Quite beautiful actually. I have re-read it several times, as one does with a favourite line from a well-written poem. I may even quote it in the future.

The simple notion of an opaque snow globe waxes lyrical and conveys an air of mysticism. Which to the layperson, most technology is.

It does however have one flaw (a flaw that I am sure you are aware of): the function of a snow globe is to reveal the beauty that lies within. But even with that flaw, I can‘t get over just how apt an analogy it is.

In all reality we will never need to know the beauty that lies within Akida. We will only ever need to know the function that beauty can provide to us.

Even if we were shown the beauty that lies within, most of us will not be able to comprehend it anyway.

Much like any complicated everyday device; take a TV for instance. An absolutely marvellous invention that is a central piece of household furniture for billions, and supplies countless hours of functionality that many depend upon. None of us need to know how it works to gain from it. Most users struggle to learn the function of all the buttons on the remote.

Akida will be embedded in devices without us being aware. The world will take to those devices in droves, and we will only know by following the money.

I’m satisfied with that.

For some reason I am reminded of a Simon Cowell comment on AGT. Simon has a fear of clowns but following an act known as Puddles Pity Party he said—“I never ever want to know who you are.” As in knowing would spoil the experience. The enigma of not knowing can be the thrill of it.

Puddles Pity Party on AGT

OMG! There's a great big iceberg in the snow globe! How did it get in there?

 

[Braintonic]

With comments from our founder that we should see a rise in revenue in the 2nd half of 2022 (sorry can't remember where or when he said it but I clearly remember it) then wouldn't it be reasonable to expect a nice jump again this quarter?
$10+Million
Sean Hehir quote- "watch the financials"

 

[Sam]

Just a random google search. Brainchip starting to get their brand out there

https://www.iotinsider.com/security/the-smart-home-security-camera-market-and-its-global-prospects/ little bit about brainchip and megachip near the bottom.

 

[sleepymonk]

With comments from our founder that we should see a rise in revenue in the 2nd half of 2022 (sorry can't remember where or when he said it but I clearly remember it) then wouldn't it be reasonable to expect a nice jump again this quarter?
$10+Million
Sean Hehir quote- "watch the financials"

speaking for myself though, u r dreaming, no down rapping at all, any expectation of a sudden jump of revenue of this QTR is just as illusional as a HARRY POTTER MOVIE

 

[Braintonic]

speaking for myself though, u r dreaming, no down rapping at all, any expectation of a sudden jump of revenue of this QTR is just as illusional as a HARRY POTTER MOVIE

It was a bit of tongue and cheek with a mountain of dreams. Anything but backwards would be nice.

 

[Slade]

With comments from our founder that we should see a rise in revenue in the 2nd half of 2022 (sorry can't remember where or when he said it but I clearly remember it) then wouldn't it be reasonable to expect a nice jump again this quarter?
$10+Million
Sean Hehir quote- "watch the financials"

I will be happy with $1 million if it can be confirmed that it has come from royalties from actual products sold that have Akida in them.

 

[Fact Finder]

From the poetic to the business side of things:

The first, important thing to say is that I have not formed a concluded view about todays announcement regarding the agreement to settle with the former Board member and chairperson by the grant of 8 million options to avoid some possible legal issue that had arisen between the parties.

The announcement this morning is for me opaque without further information and I have commenced a dialogue with the company to see what further information they are able or willing to supply.

The second thing I did was proceed to the last Annual Report as I thought the 8 million options being granted in the agreement was the amount I last read as being applicable to the former Chairperson. The following is the extract from the Annual Report covering this issue:

"Balance at beginning of period 1 January 2021
Granted as remuneration Exercised Net change other (1) Balance at end of period 31 December 2021
Vested and exercisable
E Hernandez 8,000,000" (until 2024)

The third thing I did was to confirm my memory that the former Chairperson had been one of the Board members who had agreed when the companies back was too the financial wall to waive any additional directors fees for taking on the roll of Chairperson in the companies hour of need.

So from the Annual Report and other releases by the company it can be seen that the former Chairperson had shown loyalty and support to the company in the past and that the 8 million options the subject of this agreement were already vested and exercisable.

From other discussions here and research at the time it was established that upon exercising the options under US Tax law a tax liability would be incurred.

As others have pointed out the decision to step down and resign the Chairperson's role facilitated the restructure of the company's Board as it moved to the new commercial phase of its operations.

I do not know with certainty but it seems as though the Chairman was once again acting in the best interests of the company and shareholders in standing aside as he did to allow the strategic plan of the Board and KMP to be given effect.

As I said I have commenced a dialogue with the company and have not formed a concluded view but it would appear that the only concession that the former Chairperson was seeking and will receive is a delay in exercising the options and in obtaining that delay put off to a later date which would have otherwise been 2024, his liability to pay tax on 8 million shares.

The willingness of the company to accommodate the former Chairperson could be seen as an acknowledgment of his support during very difficult financial times by not taking his full entitlements as they then were and in stepping down to allow the new strategic phase of the company to proceed.

I have a suspicion that there might have been an informal agreement to extend the exercise date of the vested options but after the option date had passed contrary advice was received by the company to the effect that this was ultra vires the power given to the company under their constitution and so the legal risk was that the former Chairperson would have an action in breach of contract to recover the 8 million options or damages he having been promised an extension of the date to exercise if he resigned.

If I am correct this has not cost shareholders one single penny as the options had vested and could have been taken up and the current agreement is avoiding the cost of legal proceedings.

However as I have said I will wait on the further information that I may receive before arriving at a concluded view.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[Fullmoonfever]

Be nice if Antonio could be a bridge between BRN, Arteris & ARM for some overlapping tech huh

Definitely play in the same space.

Expanded Partnership Between Arteris and Arm to Accelerate Automotive Electronics - Arteris

Arm and Arteris expand partnership to accelerate automotive electronics.

www.arteris.com

Expanded Partnership Between Arteris and Arm to Accelerate Automotive Electronics​

by Arteris Marketing, on September 12, 2022

The collaboration will provide a greater choice of integrated and optimized solutions with leading Arm processors and Arteris system IP.​

CAMPBELL, Calif. – September 12, 2022 – Arteris, Inc. (Nasdaq: AIP), a leading provider of system IP which accelerates system-on-chip (SoC) creation, today announced that it is expanding its partnership with Arm to help speed up automotive electronics innovation. This collaboration leverages leading-edge Arm® processors with Arteris system IP to enable autonomous driving, advanced driver assistance systems (ADAS), cockpit and infotainment, vision, radar and lidar, body and chassis control, and other automotive subsystems. The partnership delivers solutions that could hasten the path for customers to realize SoCs with high performance and power efficiency for complex and demanding safety-critical tasks with differing workloads while reducing project schedules and costs.




“The automotive industry is at a critical inflection point with demand for autonomy, more capable ADAS, richer driver experiences and electrification driving the need for more capable SoCs and microcontroller units (MCUs),” said Ian Smythe, vice president product marketing at Arm. “Our expanded collaboration with Arteris gives our mutual customers access to a greater choice of market-leading, safe, integrated and optimized automotive solutions, enabling faster time to market.”

Designers creating automotive electronics use Arm’s broad portfolio for core compute leveraging the Arm AE roadmap including Cortex®-A processors, Cortex-R, Cortex-M, and Mali™. Developers also depend on Arteris system IP consisting of FlexNoC® and Ncore® interconnect IP and Magillem® IP deployment software to assemble automotive SoCs. This extended partnership means that Arteris and Arm are now delivering customer success via seamless integration and optimized flows with the highest quality of results, enabling ISO 26262 systems with the highest automotive safety integrity levels and well-aligned roadmaps to solve current and future automotive SoC design challenges.

“Arteris continues to see very strong demand for automotive systems because of growing demands for intelligence and sensing and the resulting need for high-performance compute with advanced system-on-chip connectivity,” said K. Charles Janac, president and CEO of Arteris, Inc. “We are delighted to extend our partnership with Arm to accelerate best-in-class solutions to support semiconductor companies, Tier 1 suppliers, automotive OEMs, and ride-sharing companies in creating the new world of transportation.”

To learn more about these solutions, visit https://www.arm.com/partners/automotive-ecosystem-catalog/arteris-ip

About Arteris IP​

Arteris is a leading provider of system IP, consisting of network-on-chip (NoC) interconnect IP and IP deployment technology to accelerate system-on-chip (SoC) semiconductor development and integration for a wide range of electronic products. Vertical applications include automotive, mobile, consumer electronics, enterprise datacenters, 5G communications, industrial and IoT, leveraging technologies such as AI/ML and functional safety for customers such as BMW, Bosch, Baidu, Mobileye, Samsung, Toshiba and NXP. Arteris IP products include the FlexNoC® interconnect IP, Ncore® cache coherent IP, CodaCache® standalone last level cache, ISO 26262 safety, Artificial Intelligence, automated timing closure and Magillem SoC assembly automation. Customer results obtained by deploying Arteris IP include higher performance, lower power and area, more efficient design reuse and faster SoC development, leading to lower development and production costs.

Would still love BRN to be connected through ARM / Arteris / Antonio relationship.

If Arteris could access Akida through ARM then can stay behind a NDA if was a connection.

Podcast from Sept speaking of the ARM relationship and Automotive.

No BRN mention obviously but does skim over some use cases inc ML / DL the ARM chips including M series.

Podcast EP107: The Impact of Arteris IP and Its Partnerships on the Automotive Industry and Beyond - Semiwiki

Dan is joined by Michal Siwinski, Chief Marketing Officer for Arteris IP. Arteris provides network-on-chip interconnect semiconductor IP and deployment technology to accelerate SoC development and integration for a wide range of applications from AI to automobiles, mobile phones, IoT, cameras...

semiwiki.com

 

[Fact Finder]

OMG! There's a great big iceberg in the snow globe! How did it get in there?


View attachment 18868

What a great Christmas present. Needs a little work but pure genius.

 

[MDhere]

I'm thirsty

 

[Violin1]

From the poetic to the business side of things:

The first, important thing to say is that I have not formed a concluded view about todays announcement regarding the agreement to settle with the former Board member and chairperson by the grant of 8 million options to avoid some possible legal issue that had arisen between the parties.

The announcement this morning is for me opaque without further information and I have commenced a dialogue with the company to see what further information they are able or willing to supply.

The second thing I did was proceed to the last Annual Report as I thought the 8 million options being granted in the agreement was the amount I last read as being applicable to the former Chairperson. The following is the extract from the Annual Report covering this issue:

"Balance at beginning of period 1 January 2021
Granted as remuneration Exercised Net change other (1) Balance at end of period 31 December 2021
Vested and exercisable
E Hernandez 8,000,000" (until 2024)

The third thing I did was to confirm my memory that the former Chairperson had been one of the Board members who had agreed when the companies back was too the financial wall to waive any additional directors fees for taking on the roll of Chairperson in the companies hour of need.

So from the Annual Report and other releases by the company it can be seen that the former Chairperson had shown loyalty and support to the company in the past and that the 8 million options the subject of this agreement were already vested and exercisable.

From other discussions here and research at the time it was established that upon exercising the options under US Tax law a tax liability would be incurred.

As others have pointed out the decision to step down and resign the Chairperson's role facilitated the restructure of the company's Board as it moved to the new commercial phase of its operations.

I do not know with certainty but it seems as though the Chairman was once again acting in the best interests of the company and shareholders in standing aside as he did to allow the strategic plan of the Board and KMP to be given effect.

As I said I have commenced a dialogue with the company and have not formed a concluded view but it would appear that the only concession that the former Chairperson was seeking and will receive is a delay in exercising the options and in obtaining that delay put off to a later date which would have otherwise been 2024, his liability to pay tax on 8 million shares.

The willingness of the company to accommodate the former Chairperson could be seen as an acknowledgment of his support during very difficult financial times by not taking his full entitlements as they then were and in stepping down to allow the new strategic phase of the company to proceed.

I have a suspicion that there might have been an informal agreement to extend the exercise date of the vested options but after the option date had passed contrary advice was received by the company to the effect that this was ultra vires the power given to the company under their constitution and so the legal risk was that the former Chairperson would have an action in breach of contract to recover the 8 million options or damages he having been promised an extension of the date to exercise if he resigned.

If I am correct this has not cost shareholders one single penny as the options had vested and could have been taken up and the current agreement is avoiding the cost of legal proceedings.

However as I have said I will wait on the further information that I may receive before arriving at a concluded view.

My opinion only DYOR
FF

AKIDA BALLISTA

Nice description of the issue I think FF. My general rule is that the founders and company have managed our company pretty well. We aren't privy to all sorts of stuff but I balance that against having produced the first neuromorphic chip in silicon and the patent coverage we have...all for the bargain price of less than $20m a year versus the big end of chiptown. So if the Board recommends treating Manny with respect then I'd have to see something pretty compelling not to support it.

It's not blind faith so much as faith that even Blind Freddy could have....

 

[Adam]

Ok I have just created an account and Voted .... great touch @thelittleshort Go Neuromorphic Computing .. Go BRN

Done, Captain.

 

[wilzy123]

I hope everyone has a great weekend!

Also... PS: sorry I seemed a little grumpy earlier about crapper posts... I just don't see the point in the crapper or anything related to its parent company. A lot of us moved over here (from there) for a very good reason. I like what we have here and crapper comments just seem so irrelevant to me. Maybe that's just me. Some of you must still be stuck somewhere in the middle - oscillating between the two environments. I remain focussed on BRN and their success, but do not consider crapper controversies or politics baring any relevance to discussion here.

 

[supersonic001]

Just voted.
If neuromorphic computing can come out on top of this poll, we have the potential to be featured and be mentioned again by Mercedes’ and get more exposure as to what they’re doing.
I highly recommend this to all, if you care about your investment in Brainchip then this is a MUST!

If you do not have a LinkedIn account, I strongly recommend creating one for this sole purpose!

Just now current time, and the neuromorphic rates 48% of the 3, out in front !!

 

[TasTroy77]

With comments from our founder that we should see a rise in revenue in the 2nd half of 2022 (sorry can't remember where or when he said it but I clearly remember it) then wouldn't it be reasonable to expect a nice jump again this quarter?
$10+Million
Sean Hehir quote- "watch the financials"

Our founder Peter Van der Made said "we are expecting an explosion of sales in the Second half of 2022" no mention of realized revenue.
Since then there has been many global political, economic and war related disruptions that may or may not had an effect on the commercial timeline of brainchip.
PVDM said "expecting " not " there will definitely " so sometimes things can change that are beyond a companies control and therefore should not be held 100% accountable for.

Yes Sean Hehir said "look to the financials " and that's what I've been doing.

 

[supersonic001]

AWS partners with BMW on cloud-based vehicle data platform to power a new generation of connected cars​

View attachment 18808

AWS partners with BMW on cloud-based vehicle data platform to power a new generation of connected cars - SiliconANGLE

AWS partners with BMW on cloud-based vehicle data platform to power a new generation of connected cars - SiliconANGLE

siliconangle.com

Hmmm is this OLD tech ? Cloud ?

 

[Fact Finder]

Well I have just waded my way through the recently released US enhanced controls regarding the supply of technology to China. It is a mind numbing task and in the real world if I was being paid to come up with a reliable definitive answer I would have had two copies printed out and lots of coloured markers and post it notes and multiple pieces of US legislation to refer to however my free just on the computer screen unreliable view is that Brainchip's AKIDA is included and likely to be refused a licence to export its technology to China now.

The following extract is what I base this unreliable view upon but I have included the link so you can spend a month or two becoming expert in all the nuance that this legislation intends. Clearly when drafting such national security legislation it is drafted in such as way as to ensure it can be widely interpreted to make sure that the US does not miss something which they later regret:

Federal Register :: Request Access

a.4. Any combination of digital processor units and `primitive computational units' whose calculations according to 3A090.a.1, 3A090.a.2, and 3A090.a.3 sum to 4800 or more.

Note: Integrated circuits specified by 3A090.a include graphical processing units (GPUs), tensor processing units (TPUs), neural processors, in-memory processors, vision processors, text processors, co-processors/accelerators, adaptive processors, field-programmable logic devices (FPLDs), and application-specific integrated circuits (ASICs). Examples of integrated circuits are in the Note to 3A001.a.

Technical Notes:

1. A `primitive computational unit' is defined as containing zero or more modifiable weights, receiving one or more inputs, and producing one or more outputs. A computational unit is said to perform 2N-1 operations whenever an output is updated based on N inputs, where each modifiable weight contained in the processing element counts as an input. Each input, weight, and output might be an analog signal level or a scalar digital value represented using one or more bits. Such units include:

— Artificial neurons

— Multiply accumulate (MAC) units

— Floating-point units (FPUs)

— Analog multiplier units

— Processing units using memristors, spintronics, or magnonics

— Processing units using photonics or non-linear optics

— Processing units using analog or multi-level nonvolatile weights

— Processing units using multi-level memory or analog memory

— Multi-value units

— Spiking units

My opinion only DYOR
FF

AKIDA BALLISTA

PS: This is one of the other problems of becoming a member of the highly regulated BIG BANK index. The spotlight is always on you.

 

[Fact Finder]

I hope everyone has a great weekend!

Also... PS: sorry I seemed a little grumpy earlier about crapper posts... I just don't see the point in the crapper or anything related to its parent company. A lot of us moved over here (from there) for a very good reason. I like what we have here and crapper comments just seem so irrelevant to me. Maybe that's just me. Some of you must still be stuck somewhere in the middle - oscillating between the two environments. I remain focussed on BRN and their success, but do not consider crapper controversies or politics baring any relevance to discussion here.

I thing that the bond that ties us all together here is a shared belief that the term "Hot Crapper" was not the work of @zeeb0t but the work of some universal divine all powerful being who is also offended by its very existence in time and space and this miracle was our reward for having broken free of its malevolent influence.

Regards
FF

AKIDA BALLISTA