BRN Discussion Ongoing
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toasty
Regular
You are correct that it does not affect the CEO position per se. However, it does affect his position as a director - his position would become vacant like the others. I think we all remember the vote against Peter a couple of years ago by at least one large holder. I don't remember ever finding out who was responsible for that vote or why it happened but it shows that large holders are willing to follow their own agendas if that does not accord with how they perceive the board to be perfoming.
Major shareholders have different plans than small shareholders. Small shareholders just want a piece of the pie with the few stocks they've bought. Major shareholders want to influence the business process. Those are different matters. Major shareholders are also willing to accept a reverse split to drive away the small fish. This also benefits the company when you see the constant demands being made here. It is quite burdensome for the company. People should not complain afterwards that the echo reverberates when demanding a "second strike." It is wrong to think that it will end well for small shareholders afterward. Just my opinion
Fact Finder
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Fact Finder
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Yes and Ted Mack after being elected to Parliament resigned a couple of days short of the entitlement to a lifetime pension.
What bothers me about this constant debate run out of HC is the lie that a second strike and Board spill will in some way punish Sean Hehir the CEO.
If they were not misleading shareholders and simply saying they want to kick, Peter van der Made, Du Loan and others off the Board for poor performance so be it but constantly suggesting this is going to punish the CEO in some way is a complete lie.
The CEO and Chair claim there are all sorts of Non Discloser and Commercial in Confidence Agreements in place that they would love to tell shareholders about because if they could it would inspire confidence.
If these are truthful statements then the current Board would be privy to these details and as such know that the CEO is doing his job properly.
The recent reveal of OnSemi, Infineon and Microchip supports the fact that they are telling the truth.
So the Board gets spilled. Some new Directors are elected. They take on the requirements of the old Board and are bound by these agreements not to disclose details to shareholders.
Seeing these agreements they realise that the CEO has been doing his job and nothing changes.
The manipulators then having crushed the share price move on to their next tactic.
The ignorant, the angry and the misled wake up to the fact that nothing has changed except the share price has been crushed.
If and when it happens I will not be affected as I am a long term investor like in the olden days when shareholders on the ASX held their shares on average for at least seven years.
Strangely I am about to commence the seventh year of my investing in Brainchip. Funny that could account for why I am relaxed and others are not.
My opinion only DYOR
Fact Finder
Perhaps Rob should call Sam Altman to remind him of an available resource that isn't nuclear fusion which can help with this issue. Would have been the perfect opportunity to discuss the benefits of neurmorphic computing in helping to reduce AI's massive energy consumption.
EXTRACT ONLY
Sam Altman: Age of AI will require an ‘energy breakthrough’
Speaking at Davos, OpenAI's CEO spoke of a vague AI future made possible only by currently unavailable resources.
BY MACK DEGEURIN | PUBLISHED JAN 18, 2024 2:09 PM EST
Sam Altman, chief executive officer of OpenAI, attends the World Economic Forum (WEF) in Davos, Switzerland. Halil Sagirkaya/Anadolu via Getty
Open AI CEO Sam Altman believes long-awaited nuclear fusion may be the silver bullet needed to solve artificial intelligence’s glutinous energy appetite and pave the way for an AI revolution. When that revolution does arrive, however, it might not seem quite as shocking as he once claimed.
Altman touched on AI’s growing demands earlier this week while speaking at a Bloomberg event outside of the annual World Economic Forum meeting in Davos, Switzerland. The CEO said powerful new AI models would likely require even more energy consumption than previously imagined. Solving that energy deficit, he suggested, will require a “breakthrough” in nuclear fusion.
“There’s no way to get there without a breakthrough,” Altman said at the event according to Reuters. “It motivates us to go invest more in [nuclear] fusion.”
AI’s energy problem
Though some AI proponents believe insights gleaned from advanced models could help fight climate change in novel ways, a growing body of research suggests the up-front energy required to train these complex models is taking a toll of its own. Experts expect the vast amounts of data needed to train models like OpenAI’s GPT and Google’s Bard could increase the global data server industry, which the International Energy Agency (IEA) estimates already accounts for around 2-3% of global greenhouse gas emissions.
Researchers estimate training a single large language model like GPT-4 could use around 300 tons of CO2. Others estimate a single image spit out by AI image generator tools like Dall-E or Stable Diffusion requires the same amount of energy as charging a smartphone. The massive server farms needed to facilitate AI training also require vast amounts of water to stay cool. GPT-3 alone, recent research suggests, may have consumed 185,000 gallons of water during its training period.
Sam Altman: Age of AI will require an 'energy breakthrough'
Speaking at Davos, OpenAI's CEO spoke of a vague AI future made possible only by currently unavailable resources.www.popsci.com
Hi Bravo,
Yes - Akida is much more efficient than CNN-based systems, and will avoid all Sam's con-FUSION.
Akida uses pattern recognition rather than mathematical equivalence.
Akida's one-shot on-chip learning provides massive energy saving when creating or updating models.
Creating 4-bit native SNN models will consume much less energy than native CNN models. In addition, Akida requires fewer examples of each class than a CNN model uses.
White Horse
Regular
Absolutely agree.
A lot of people that have invested in BRN, and are now crying fowl, are victims of there own misguided unrealistic enthusiasm.
We are dealing with technology that in the first instance, most industries new nothing about. And if they did, they had no idea how they were going to incorporate it into products and then market them to an uneducated public.
Then there is the problem of changing the status quo. The almost impossible task of of persuading people that a new minnow on the block was to be even considered, as a viable alternative to the reigning champions of the tech world.
The froth and bubble has subsided and we are finally getting down to business.
The CES this year has proved that the early enthusiasm has crossed the so called chasm. The conversations held with Nandan during the show alluded to that fact.
The conversations at DAVOS have cemented that view, of the all pervading AI, being the next revolution.
We clearly have been quietly kicking goals, in stealth mode. And whether it be to some shareholders liking or not, if the companies we deal with want to fly under the radar, then so be it.
A bit disjointed I know. But I don't feel like writing a dissertation to appease the the angry and aggrieved.
The futures bright and I'm alright.
Agree about the serial moaners and groaners. They exist in every endeavor. In every job i have ever had the moaners and groaners brigade would constantly carry on about the employer, conditions, pay etc. Every week without fail they would proclaim they would buy Saturdays Age and find another job. In those days pre on line the Age had the biggest classified section. Most carried on like that for entire careers.Good Morning,
I have to say that I agree with the posts some have made in regards to Nandan's podcast series.
He has briefly interviewed a number of market players whom all send the same type of message, that is, AI is everywhere, education
has been taking a positive form, the net has been cast wide and far to the point that the questions being put forward by inquiring parties
is endless, the scope of which is being driven by the human imagination, AI has possibly changed the human prospective to the point
where nothing is impossible anymore.
It's clear to me at least that the journey we have all been on has turned a major corner, we have all become more educated to the point
where companies are now being approached to actually design and produce a product/s, meaning things have definitely moved onto the
next phase in the business cycle, not just for us, but for all companies in this space, that has to be seen as a huge positive.
"We don't make the sensors, we make them smart"
How many years ago did Brainchip achieve all 5 modalities in silicon...oh yes, AKD 1000.
Sensors were a huge part of CES this year, we are and have always been positioned at the right place in time to succeed.
And finally, for the ones who like to moan and keep focusing on how much money they have lost on paper (but strangely enough still
hold our stock) there has been no one more patient up to this point than Peter, who has been waiting a lifetime to see his dream become
reality, but money isn't his driving passion now is it, and there within lies the problem for many.
Have a positive day ahead, be assured that we are on the right track to succeed.......just my views....Tech
We learnt quickly to put them on ignore at work and in the never to be promoted box.
Forums having ignore choices does verify the serial moaners and groaners exist wherever people gather. You don't mind once in a while as we all do that but day, after day, after day you eventually put them in the no credibility section ie on ignore.
Strangely most wanted one thing - power without responsibily.
"The best in class Edge AI." Privacy and simplicity... with many references to inference on the edge. Not sure where the reporters in this video are getting their info from, but Apple seem extremely confident they cN differentiate themselves from every other major tech company to deliver the best Edge AI. Sounds promising... wouldn't it be nice?
Sticking with the farm yard scenario, isn't that too many ewes?
Fact Finder
Top 20
Hi Fenris78
Lest it be derided later by others claiming that I am suggesting that Apple is using AKIDA just because of the fact that Brainchip is working with Mercedes and Mercedes is working with Apple I should make clear that is not my reason for saying this is a must watch/listen analysis.
I will not even make the point that Apple is infamous for abandoning contracts with smaller companies where they breach NDAs and that the CFO of Brainchip Ken Scarince in one of his many presentations stated that to reveal one of their customers would be disastrous.
What I am suggesting is that everything they say in their analysis as to why they think Apple will succeed at the Ai Edge is mirroring everything that Brainchip AKIDA technology can do and the way they do it cannot be replicated because of patent protection.
Adjectives used by others to describe AKIDA technology - Science Fiction, Mind Boggling, A Beast.
Then of course there are the accolades for the patent protected TENNs.
Brainchip according to the CEO at the AGM stated that Brainchip is targeting being one of the two or three main players at the Edge. CFO at Edge Impulse gave his opinion about AKIDA being everywhere etc; and the Infineon representative lets just say was fulsome in his praise of Brainchip's AKIDA technology.
If listening to this analysis of Apples prospects at the Ai Edge does not convince you that the time for Edge Ai has arrived then dare I say nothing will.
My opinion only DYOR
Fact Finder
Schnitzel lover
Regular
A quick question or two for the over zealous and Brainchip inspired.
Does it concern you at all that the Semiconductor space has been in a roaring bull market for the last 12 months and Brainchip is still languishing in the gutter?
Are you aware that ARM as the benchmark leader in the IP and Royalty space in the Semiconductor market, reportedly with a high 90s% market share in the space had 2.7billion in annual revenue last year, yet it posted a $110mill net loss for the most recent quarter?
Lastly, Sean Hehir says Brainchip is also an IP and royalty bearing company as its financial model.. Of all these wonderful new partners, none have IP deals assuming due to Gen 2 is not readily available yet outside of EAP’s. (If it is openly available, it’s another well kept secret by the company).. With IP being a 3-4 year cycle from R&D to product on market for sale, what’s your maximum pain level if another year passes without any royalty revenue from the BRN pioneers in Socionext, Ford, Valeo and Renesas? In other words, will you continue to back in the Board and Management at that stage?
If I were a shareholder I would be voting a resounding YES to the remuneration report purely because Id rather judge the current management and BOD on atleast 12 months of performance with the opportunity of Gen 2..
Thoughts welcome.
Does it concern you at all that the Semiconductor space has been in a roaring bull market for the last 12 months and Brainchip is still languishing in the gutter?
Are you aware that ARM as the benchmark leader in the IP and Royalty space in the Semiconductor market, reportedly with a high 90s% market share in the space had 2.7billion in annual revenue last year, yet it posted a $110mill net loss for the most recent quarter?
Lastly, Sean Hehir says Brainchip is also an IP and royalty bearing company as its financial model.. Of all these wonderful new partners, none have IP deals assuming due to Gen 2 is not readily available yet outside of EAP’s. (If it is openly available, it’s another well kept secret by the company).. With IP being a 3-4 year cycle from R&D to product on market for sale, what’s your maximum pain level if another year passes without any royalty revenue from the BRN pioneers in Socionext, Ford, Valeo and Renesas? In other words, will you continue to back in the Board and Management at that stage?
If I were a shareholder I would be voting a resounding YES to the remuneration report purely because Id rather judge the current management and BOD on atleast 12 months of performance with the opportunity of Gen 2..
Thoughts welcome.
DingoBorat
Slim
Read up a bit on this Ted Mack character..
He was a truly Great man and it's rare for me to actually like a politician..
@Fact Finder, not sure we can call it the "1000 eyes" anymore..
But that will change, along with the change from dot joining, to line drawing.
Think about it this way, 2020 onwards would you be comfortable with your investment if the below had not happened
1) 2 system integrators had not bought the IP license ( these two companies prior to public announcement would have taken sometime to understand , pull it apart and figure out what exactly they were gonna use our IP for and educate their customers of this shiny new stuff, who knows which other companies are in this state of play now ) and we had zero IP licensees. Everybody would love at least 5 more but who’s paying ??
2) In all the podcasts , interviews , tech shows demos , we did not have any partners participate or willing to participate with us and tell the world they were working with a minnow.
3) If people on these podcasts, interviews did not speak of the potential of the technology so highly that you learn more with even single one of these.
4) Collaborating companies rank all the way from global behemoths to up and coming disruptors just like us who wanna ride on the disruptive wave that our company is gonna bring about.
5) one common theme in all the partnership announcements of all kinds was not the willingness to incorporate Akida into their next generation of products to differentiate from their competitors.
6) Universities weren’t interested in this tech.
It is taking more time than anybody let alone, the company itself had expected but is it a bad thing , that’s an individual call but given the tech is so new, I’m not surprised.
It’s all there staring everybody in the face, sometimes you wonder how a newish company with peanuts for budget with bugger all under 100 headcount, right from CEO to the Intern are pulling this off without working 100 hours a week.
1) 2 system integrators had not bought the IP license ( these two companies prior to public announcement would have taken sometime to understand , pull it apart and figure out what exactly they were gonna use our IP for and educate their customers of this shiny new stuff, who knows which other companies are in this state of play now ) and we had zero IP licensees. Everybody would love at least 5 more but who’s paying ??
2) In all the podcasts , interviews , tech shows demos , we did not have any partners participate or willing to participate with us and tell the world they were working with a minnow.
3) If people on these podcasts, interviews did not speak of the potential of the technology so highly that you learn more with even single one of these.
4) Collaborating companies rank all the way from global behemoths to up and coming disruptors just like us who wanna ride on the disruptive wave that our company is gonna bring about.
5) one common theme in all the partnership announcements of all kinds was not the willingness to incorporate Akida into their next generation of products to differentiate from their competitors.
6) Universities weren’t interested in this tech.
It is taking more time than anybody let alone, the company itself had expected but is it a bad thing , that’s an individual call but given the tech is so new, I’m not surprised.
It’s all there staring everybody in the face, sometimes you wonder how a newish company with peanuts for budget with bugger all under 100 headcount, right from CEO to the Intern are pulling this off without working 100 hours a week.
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DingoBorat
Slim
"Does it concern you at all that the Semiconductor space has been in a roaring bull market for the last 12 months and Brainchip is still languishing in the gutter?"
Entirely share price related comment.
On Arm's current quarter loss.
"Revenue for the period rose 28% from a year ago, to $806 million, well ahead of the $744.3 million forecast. Despite the strong performance, Arm racked up a net loss of $110 million for the quarter, which it said was the result of a onetime share-based compensation payment triggered by its IPO"
People know what kind of a person you are.
Schnitzel lover
Regular
Frankly, the only thing that gives me confidence is, the Partner Confirmation of the tech.. As good as Nandan and Rob present, I always trust the chart over the company speak.. And the chart is currently horrendous..
I think that we all should take a big long breather and see what actually eventuates in this upcoming 4C due out in ~12 days time as well as the next 4C announcement due out in late April 2024 .......... after all, we still have from now at least another 4 months up our sleeve till the next AGM is held and a lot of hopfully positive ASX announcements could be disclosed and thus change the current position both with IP agreements and revenue thus securing the future destiny of our Co.
Fact Finder
Top 20
You seem intelligent so I have never mentioned this before as I thought you would know but just in case when TSEx was set up a Chartists thread was set up for Chartists and those who like that kind of thing.
It seems to have lost some momentum but perhaps you could inspire a Renaissance of this dark art.
Staying here however will just further cement opinions as you continue to post your incomplete or inaccurate information to make out your case.
My opinion only DYOR
Fact Finder
PS: As to the rest of your questions:
“The Founding of Tesla
Tesla (TSLA) , Inc. was founded in 2003 by the engineers Martin Eberhard and Marc Tarpenning in San Carlos, California. It was originally called Tesla Motors, a name the company changed in 2017.The company was named after the 19th-century inventor Nikola Tesla, best known for discovering the properties of rotating electromagnetic fields. His work led to what is known as "alternating current," the form of electrical transmission still used today. (This was as opposed to the far less efficient system called "direct current" favored by Thomas Edison.) Tesla is historically noted for his significant contributions to electrical engineering and sciences, and in recent decades has become a pop culture icon among engineers.
At the founding of Tesla, Eberhard served as its CEO and Tarpenning served as CFO. They launched their company to develop and produce an entirely electric car, in part, based on the favorable reaction test markets had to General Motor's (GM) previous electric car experiment the EV1. Although GM only ran this program from 1996 - 1999, producing a limited run of cars that it never released for public purchase, it was generally considered successful from an engineering standpoint.
Eberhard and Tarpenning wanted to build upon that success.
Although Musk has long been the face of Tesla, he did not join the company until 2004. He invested $30 million into the company and became the chairman of its Board of Directors. (Notably, Musk would also help raise money from Google (GOOGL) founders Sergey Brin and Larry Page in 2006.)
Originally, Eberhard and Tarpenning dreamed of building an entirely electric sports car. In 2006 they unveiled the prototype for their Tesla Roadster which entered production in 2008.”
Tesla’s first year of declaring a profit took until 2017.
It is important to note that Tesla’s founders were not inventing an entirely new paradigm by creating a new form of Artificial Intelligence.
They were building on the work started by General Motors in 1996 and by comparison their technology was already mainstream. Electric vehicles had been around for over 100 years in 2003.
So definitely far too early for any reasonable person to be laying down an if not by such an such a date timetable as you are requesting.
Brainchip is but a toddler by comparison to Tesla which only released Dojo in the last year or so and has still not finalised how to make its autonomous driving work to the satisfaction of regulators.
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