BRN Discussion Ongoing
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Quiltman
Regular
Quantum Ventura Inc current projects .... AI/Neuromorphic/Brainchip ? all over this. Very tantalising prospects.
Our Current Federally-Funded Research Projects as the Prime Contractor:
AI/ML/ Hyperspectral Imaging/ Neuromorphic/ Cybersecurity related topics:
DARPA: "AI Verification with provable guarantees" using advanced AI verification tools.
Partner: NC State University
Navy Air Warfare: "Certification of AI Systems - CORSI" using Advanced AI to certify AI/ML applications. (Phase 1 and Phase 2 SBIRs)
Partner: Lockheed Martin.
Missile Defense Agency: "Hypersonic Threat Detection" using bio-inspired processing, neuromorphic computing and Advanced AI. (Phase 1 STTR)
Partners: University of Florida and Lockheed Martin.
Navy Air Warfare: "Detection of UAVs and rogue drones using hyperspectral Imaging" (SBIR Phase 1).
Partners: Bodkin Imaging and Lockheed
Navy Air Warfare: "Vulnerability detection of source code using advanced AI/ML" - SBIR Phase 1
Homeland Security: "Opioid/contraband detection using hyperspectral imaging" - SBIR Phase 1
Department of Energy: "Cyber threat-detection using neuromorphic computing" - SBIR Phase 1
DOE-funded E-RECOV technology to extract precious metals and rare earth minerals:
"Quantum Ventura's E-RECOV technology nominated for World Materials Forum Scale-up!"
Department of Energy: "Extraction of precious metals and rare earth minerals from electronic waste", a high-priority project for DOE/DOD needs.
Partner: Idaho National Labs (a DOE-funded FFRDC)
Tothemoon24
Top 20
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection
Laguna Hills, Calif. – May 15, 2023 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, announced today Quantum Ventura Inc., a San Jose-based provider of AI/ML research and technologies, will use BrainChip’s Akida™ technology to develop new cyber threat-detection tools.
In this federally funded phase 2 program, Quantum Ventura is creating state-of-the-art cybersecurity applications for the U.S. Department of Energy under the Small Business Innovation Research (SBIR) Program. The program is focused on “Cyber threat-detection using neuromorphic computing,” which aims to develop an advanced approach to detect and prevent cyberattacks on computer networks and critical infrastructure using brain-inspired artificial intelligence.
“Neuromorphic computing is an ideal technology for threat detection because of its small size and power, accuracy, and in particular, its ability to learn and adapt, since attackers are constantly changing their tactics,” said Srini Vasan, President and CEO of Quantum Ventura Inc. “We believe that our solution incorporating BrainChip’s Akida will be a breakthrough for defending against cyber threats and address additional applications as well.”
“This project with the Department of Energy offers an ideal opportunity to demonstrate how Akida opens up new possibilities in cybersecurity, including the ability to run complex AI algorithms at the edge, reducing the dependency on the cloud” said Rob Telson, Vice President of Ecosystems & Partnerships at BrainChip. “We are excited about the progress that Quantum Ventura are making with BrainChip in this project which is extremely vital to the safety of the nation’s infrastructure.”
The Akida neural processor and AI IP can find unknown, repeating patterns in vast amounts of noisy data, which is an asset in cyber threat detection. Once Akida learns what normal network traffic patterns look like, it can detect malware, attack signatures, and other types of malicious activity. Because of Akida’s unique ability to learn on device in a secure fashion, without need for cloud retraining, it can quickly learn new attack patterns, enabling it to easily adapt to emerging threats.
BrainChip IP supports incremental learning, on-chip learning, and high-speed inference with unsurpassed performance in micro watt to milli-watt power budgets, ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. Akida is an event-based technology that is inherently lower power than conventional neural network accelerators, providing energy efficiency with high performance for partners to deliver AI solutions previously not possible on even battery-operated or fan-less embedded, edge devices.
About Quantum Ventura Inc.
Headquartered in the heart of Silicon Valley in historic San Jose downtown, Quantum Ventura Inc. is in the business of creating innovative and groundbreaking systems and technologies in the areas of Artificial Intelligence/Machine Learning, AI/ML Verification and Validation, Cybersecurity, Secure Mobile technology (Diamond Droid) and HPC-driven Big Data Analytics. Quantum Ventura’s R&D division, QuantumX Research Labs, undertakes R&D services in providing advanced technology solutions to federal agencies and corporations throughout the U.S. Quantum Ventura excels in developing concepts into market-focused products and customer-driven solutions, designing creative solutions, and building unique products for challenging problems with complete end-to-end solutions, components, and unsurpassed technical expertise. For more information visit https://www.quantumventura.com/.
Love it!
Not sure why we are still hung up about shorters and SP rubbish. How do you think the SP got to $2.34? The shorters (as they are known) make money in both directions. They see a stock that has highly talked about and likely they see it's potential but rely on retail not to understand the process. They buy low talk it up full well knowing the tech is quite a way off being commercial (like gold mine finding gold that too deep or years away from from production) and they buy buy buy. Retail will jump on board and then they set a price range borrow some stock and sell sell sell!
This way they have their cake and can eat it too. They have double the stock to sell because they already bought on the way up. Double dipping the profit. (they sell both their stock that was bought low= profit, then sell their borrowed stock which puts massive pressure on the SP) So the market clearly has settled on a fair value of 39-50c. It now is trading between these area.
The good news is that once we do see some decent news/revenue then 124 Million shares need to be bought quickly before they lose their shirts.
Anyway most know this already. The company is clearly making connections in many areas and time is our only obstacle IMO. Changing/disrupting a market doesn't happen quickly, this has always been the truth. That is way sayings like :"Rome was built in a day" have been around for 100's of years.
This way they have their cake and can eat it too. They have double the stock to sell because they already bought on the way up. Double dipping the profit. (they sell both their stock that was bought low= profit, then sell their borrowed stock which puts massive pressure on the SP) So the market clearly has settled on a fair value of 39-50c. It now is trading between these area.
The good news is that once we do see some decent news/revenue then 124 Million shares need to be bought quickly before they lose their shirts.
Anyway most know this already. The company is clearly making connections in many areas and time is our only obstacle IMO. Changing/disrupting a market doesn't happen quickly, this has always been the truth. That is way sayings like :"Rome was built in a day" have been around for 100's of years.
Tothemoon24
Top 20
Qualcomm CEO: ‘A.I. is going to touch every corner of our lives. Here’s how our devices will change to make it happen’
A.I. is coming to your device, says Qualcomm CEO Cristiano Amon.
BYCRISTIANO AMON
May 15, 2023 5:21 AM EDT
Cristiano Amon is the CEO of Qualcomm.Patrick T. Fallon—AFP/Getty Images
The pace of innovation and development in generative artificial intelligence (A.I.) is unprecedented. And this is just the beginning. How, where, and why we will use this technology will be broad–and beyond our imagination. Early estimates value the generative A.I. market at $1 trillion.
Not only does this technology have the potential to change how we search for and create content, but it can also improve our daily lives. With generative A.I., your smartphone can become a true digital assistant, enabling you to communicate naturally and receive thoughtful answers. PC users can use it to read or compose emails, draft documents, and create presentations automatically. In vehicles, a conversational in-car assistant can provide recommendations for recharging the vehicle, purchasing a parking permit, or ordering dinner on the way home. Store A.I. kiosks and smart carts will assist shoppers by making menus with recipes using weekly specials, budget constraints, and family preferences.
To realize its full potential and address growing demand, generative A.I. needs both the cloud and billions of connected devices capable of high-performance A.I. computing at low power, such as smartphones, PCs, and vehicles. Enter hybrid A.I. A hybrid A.I. computing architecture distributes processing among the cloud and devices to optimize efficiency and improve the overall user experience.
Generative A.I. processing can run directly on the device, be sent to the cloud as needed, or a combination of both–all seamlessly to the user.
Users will expect a similar experience to a traditional search, which can display results in under one second. Meeting these expectations would be too costly to scale using cloud-based processing, especially during peak demand, with guaranteed quality of service.
Data centers are energy intensive and expensive. The cost for each generative A.I. web search query is estimated to be 10 times higher than using traditional search. With more than 10 billion queries per day, the incremental cost could be in the billions of dollars annually–and web search is just one of the many ways this technology will transform multiple industries.
Beyond cost, running all the inference processing in the cloud presents challenges to privacy, reliability, and performance. When a request goes to the cloud, data leaves the device, resulting in potential security concerns. In fact, regulatory and compliance issues have already resulted in models being disabled, at least temporarily, due to the collection and storage of personal data.
Hybrid A.I. is inevitable. As we continue to find new ways of using generative A.I., the demand for cloud infrastructure will explode. Hybrid A.I. processing is the next transition in computing, just as we saw the evolution from mainframes to desktops to today’s mix of cloud and devices in our hands.
Harnessing the processing power of high-performance, low-power devices will allow generative A.I. to efficiently scale. The cloud and devices will work together to deliver next-generation experiences through powerful, efficient, and highly optimized A.I. capabilities.
Cristiano Amon is the CEO of Qualcomm.
The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.
Boab
I wish I could paint like Vincent
“We believe that our solution incorporating BrainChip’s Akida will be a breakthrough for defending against cyber threats and address additional applications as well.”
The story is now up on Businesswire.com
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Evermont
Stealth Mode
Yoda
Regular
For what it's worth I can tell you that I voted 'yes' to performance shares for existing officers (an important incentive to keep good people) and 'no' to the Hernandez share issue. On the information we have been provided, I cannot see that it is justified. At best, if there were a legal issue, the most he would be entitled to is an issue of like for like options, not free shares.Good evening,
After a lot of thinking about Manny receiving 8,000,000 ordinary shares v's 8,000,000 options at an excise price of 0.127 (from memory) and having discussed this with a number of business folk who aren't directly involved with Brainchip, having thought about a number of issues that transpired under Manny's Chairpersonship, I'm not convinced the company has laid down enough information to satisfy my vote.
My assumption is that the company has sort legal advice in the US and realizes that (we) maybe at fault or some sort of contractual breach if we don't sort this matter out amicably, it still doesn't sit 100% comfortably with me, and having never met Manny, it's obviously nothing personal, it's just business (as a hitman would say).
I think of the 17.5 million AUD in wasted funds surrounding Studio, I think of the utter debacle surrounding the school security contract (the alleged contract) in New York state, they were the biggest business events that really annoyed me, but after having met both Peter and Adam personally in 2019, I realized that our company had a truly valuable moral compass, I knew then are there, my invest was justified, confidently safe without pointing or waving a stick, yes it was my choice, but it felt great and still does today !
Vote how you think, based on what you have learned over the journey...I'm still undecided to be totally frank.
On the issuing of shares or performance shares to staff, I back this business decision 100%, it reflects milestones are being achieved and if the board is happy with the research team and our brilliant engineers, well, so am I.
God Bless Brainchip........Tech
P.S. Jason Day....great stuff mate, another tournament, a great Aussie ! Well done !
Yoda
Regular
To me this is all great news. It means products in the works. I have the impression that the partnerships are a way to get companies making products with Akida in them without the cost of an upfront licence fee. If that is what it is, then I believe it's a smart move to get products out there. No doubt at that point there will be revenue from these products and I'd like to know more from the company about the terms upon which that revenue is paid.
robsmark
Regular
Respectfully Hopalong, I think you’re missing the point.
“Particularly when it has been subjected to blatant manipulation and shorting attacks reducing its daily valuation by two thirds from this time last year.”
There is a reason we have been shorted - very little revenue and no new announced commercial customers. These institutions have entered our house, and they have destroyed our SP by shorting… but management gave them the keys.
“Instead they are dependant upon individuals or sections reaching and exceeding certain KPI's which will be growth and performance based on Company expectations and requirements.”
Some employees (then CEO, Marketing, BDM, anyone non technical for that matter) have KPIs which are likely bound or at least attached to financial performance. These have clearly not been met. Sean stated that we should have been financially self sufficient (early in 2022, though I forget where and when) by they end of last year, and he also said that he should be judged by his performance by this AGM. Lets face it - the SP dropping by 2/3rds isn’t a great achievement.
These people get paid a lot of money to be responsible for the management of a vessel that contains your money. Some on here need to stop making excuses and call it want it is.
My 2c - throw your punches at get it over with.
supersonic001
Regular
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection | BrainChip
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection https://lnkd.in/gq6sU4xE
BaconLover
Founding Member
Some have no issues when management don't walk the walk, but will have issues if those who speak up here cannot attend AGM in Sydney, because apparently they're "hiding"
Having said that, good news shared by Damo today re: the Cyber threat detection, it'll be a key factor moving forward in our daily lives.
Already making some waves with many affected with cyber attacks, especially the elderly. Almost a daily news now with several companies that get affected these days.
Quatrojos
Regular
As a shareholder, I'd be far more comfortable seeing these developments as ASX announcements. What's it gonna take, BrAInchIP? Help us out a little, please...
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection | BrainChip
BrainChip and Quantum Ventura Partner to Develop Cyber Threat Detection https://lnkd.in/gq6sU4xEwww.linkedin.com
View attachment 36535
BaconLover
Founding Member
Revenue and money attached.
At the moment it's immaterial.
I'm hoping all these partnerships, when they sign the IP they do it together and create an explosive effect which we have been hearing for sometime now. May be it'll only take 1 company to sign up, to create a ripple effect so others jump in too
supersonic001
Regular
Edge ML Series Boston | BrainChip
Don't miss the Boston Edge Impulse, Edge ML Series with BrainChip on May 18 - There is still time to register here: https://lnkd.in/g8PKmHNc
supersonic001
Regular
Why don’t we just put that to them nxt week at AGM, plain & simply !
alwaysgreen
Top 20
There's a simple explanation why they don't as Bacon pointed out. Until the partnership produces revenue, it is immaterial.
Even if it was a non price sensitive announcement on the ASX, it is not going to cause a shift in the share price so why bother? It takes time and money to put together the announcement.
Personally, I am okay with this arrangement as I would rather the team focus their energy into converting the partnerships into licenses than spending time on immaterial announcements.
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