BRN Discussion Ongoing

[IloveLamp]

 

[Yoda]

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/.

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]

I just don't believe that anyone on the Board of Directors or indeed in any senior management position that is likely to attend the AGM is either blind or deaf as to how their share holders view the share price of the Company.
Particularly when it has been subjected to blatant manipulation and shorting attacks reducing its daily valuation by two thirds from this time last year.
Or the sour taste that goes with continuing progress payments for employees whilst said share price languishes.

These are natural responses but to my mind unfounded and divorced from the reality of the situation.
The progress payments are not tied to the share price valuation.
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.

Where I have previously seen incentivization tied primarily to share price it has invariably led (over time) to a corruption of the business or it's managers based on the perverting influence of the predominance of the profit motive alone to the exclusion of other factors which sustain and keep growing a healthy business.
As long as the board and management team are following and executing a sound business plan they have my support and I don't see the value in beating them over the head with things they are already aware of and of which they have limited control.

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]

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

www.linkedin.com

 

[BaconLover]

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.

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.

 

[Mccabe84]

So many new partnerships, but still only 2 IP deals. Surely we will get 1 new IP deal soon

 

[Quatrojos]

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

www.linkedin.com

View attachment 36535

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...

 

[BaconLover]

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...

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]

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 | 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

www.linkedin.com

 

[supersonic001]

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...

Why don’t we just put that to them nxt week at AGM, plain & simply !

 

[alwaysgreen]

Why don’t we just put that to them nxt week at AGM, plain & simply !

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.

 

[Yoda]

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.

I don’t agree with this. It could be announced as a non-price sensitive announcement. Clearly, it has the potential to lead to revenue at some point in time, so it’s not immaterial. If it’s important enough to announce on social media, then it’s important enough to announce as a non-price sensitive announcement on the ASX.

 

[Quatrojos]

I don’t agree with this. It could be announced as a non-price sensitive announcement. Clearly, it has the potential to lead to revenue at some point in time, so it’s not immaterial. If it’s important enough to announce on social media, then it’s important enough to announce as a non-price sensitive announcement on the ASX.

Let the market decide, shall we? The cadence of communication to asx has been disrupted, imo. We need rhythm…

 

[Fenris78]

Prophese pushing Metavision® neuromorphic sensors on Twitter. It seems they are well into the marketing stage. I certainly hope this has Akida in it. The >10k fps seems interesting. Do we know any other neuromorphic chip that boasts that?

Event-based Vision for Industrial Applications

With Metavision neuromorphic sensors, see what traditional cameras can't for drastically improved productivity, quality, safety and predictive maintenance

www.prophesee.ai

-
“With Metavision® neuromorphic sensors, see what traditional cameras can’t for drastically improved productivity, quality, safety and predictive maintenance.”



View attachment 36532

From memory Sony was working with Prophesee? Hopefully Akida IP via Megachips?

 

[Quatrojos]

Brainchip Holdings Ltd (BRN) :

• BRAINCHIP AND QUANTUM VENTURA PARTNER TO DEVELOP CYBER THREAT DETECTION

HC released it.

 

[Damo4]

I don’t agree with this. It could be announced as a non-price sensitive announcement. Clearly, it has the potential to lead to revenue at some point in time, so it’s not immaterial. If it’s important enough to announce on social media, then it’s important enough to announce as a non-price sensitive announcement on the ASX.

Whilst it could, Brainchip has stated that they aren't comfortable doing this due to previous ASX queries.
If you start announcing deals all over the place, mark them as not price sensitive and the share price climbs each time, then they will be questioned about.

The alternative is that releasing it makes no difference to the SP, in which case, why would you care? It's pretty clear you think the SP is not where it should be based on the news, but if those ANN aren't price sensitive then we would still have this exact SP.

Bacon and AG have summarised it perfectly imo

 

[Bravo]

View attachment 36533 View attachment 36534

Wow! If Evgeni likes it, then I loooovvvveee it!

 

[Iseki]

France and some of th

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.

If banks and telcos become liable this could be great for us.

 

[rgupta]

I totally agree with you but one point we are missing, there were a lot of dot joining happening on hotcrapper and now on TSE. But do we ever realized why someone will pay us until someone else start accepting our technology.
We were lacking partners and same is joining now.
So there can be no party without friends. So now we start having a few will start making some difference in the market place.
I feel brainchip is in right hands with Sean in control.
Dyor

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]

Whilst it could, Brainchip has stated that they aren't comfortable doing this due to previous ASX queries.
If you start announcing deals all over the place, mark them as not price sensitive and the share price climbs each time, then they will be questioned about.

The alternative is that releasing it makes no difference to the SP, in which case, why would you care? It's pretty clear you think the SP is not where it should be based on the news, but if those ANN aren't price sensitive then we would still have this exact SP.

Bacon and AG have summarised it perfectly imo

Ubiquity could be catalysed with conventional communication...