BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Hi robsmark,
In the LDA announcement, the company also announced that they will be taping-out a new chip in 2023, and this is an essential and costly precursor to manufacturing a chip.
New chips have to be proven in silicon before they are marketed. The company needs to prove that the IP is functional before licensing it to customers. The Verification engineer job description posted by @stuart888 above calls for verification of IP and hardware, so it looks certain the company is in the throes of producing a new chip.
BTW, I was not so much commenting on your proposition as devil's advocate as on the characterization as reasonable and contributing to balance. Given the flood of partnerships with major chip producers as well as inspired start-ups, I anticipate that there will be a number of new licences taken out during the year, and some of the older licences will begin to generate royalties.
PS: would love to know what features the new chip has ... LSTM, transformer, neural cortex ... ?
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Rise from the ashes
Regular
I also look at that as our competition tapping outTaping is correct, tapping is not
@macro I'll sort your prize out soon just have to load up funds on a prepaid card which I use for these kind of transactions.
Maybe I'm way off the Mark here, but I get the feeling that BRN'S AKIDA was not needed. However it feels like all the companies that come across AKIDA are understanding what it can help them achieve so now they're going back to the drawing board and redesigning what they do now they can push their limits much further, thus it's taking time to get this company some revenue. I see it as PDVM has actually reinvented the wheel and so now people are working on products that can utilise the new 'wheel'. PDVM is so far ahead he has had to pull the handbrake and wait for Clients to jump on his ever moving bus. In my youth I taught English and Golf in Japan. Good gig in those days. An ex-sony head (Osaka office) was a student. We would discuss tech and he didn't tell me what, but they had years of tech sitting there waiting to be released, at the right time. I feel Brainchip are at this stage, maybe AKIDA 2000 is waiting in the wings for others to catch up?
stuart888
Regular
As expected with the NDA, not a peep from VVDN or Brainchip after CES.
Seems like Akida would be exceptional at pattern recognition from 5G products and sensors made in India!
Bravo
If ARM was an arm, BRN would be its biceps💪!
ChatGPT just told me that it's performance could be improved with neuromorphic computing so I think someone should let Rob Telson know ASAP so he can make an appointment with OpenAI and Microsoft to discuss how we can get the ball rolling!
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robsmark
Regular
Thanks for the detailed response mate - I hope I didn’t come across as defensive as that was not my intent.
Cheers
ADAS/AV, drones, IoT, smart house, transformers, cloud servers ...
Akida's arrival is perfectly timed to boost these burgeoning industries - not the time to be hiding our light under a bushel.
ndefries
Regular
we actually had 12M taken out on a day back in October! this is the second highest though. This does show that yesterday was not about investors being spooked but further games played. The day when there is a fight to get hold of every share on offer will happen and ill be safely watching that from the sideline.
Fact Finder
Top 20
Ok the best way to answer your question is it reasonable to posit chip production OR no income is to read closely the actual announcement:
“The Capital Call Notice pricing period will begin upon exercise of the put option on or around 11 January, with an anticipated ending date in late March or early April, subjectto adjustments based on the share price performance throughout the pricing period.”
The capital raise is not proceeding until end of March early April and may be subject to adjustment subject to the share price - No urgency and only if share price is reasonable
“The issue price for the capital call shares will be 91.5% of the higher of the average daily VWAP of shares over the pricing period (subject to any applicable adjustments) and the minimum price notified to LDA Capital by the Company.” - LDA Capital used to receive 10% commission but now only 8.5% commission. The higher the sale price they achieve the more they make in commission so incentivised to achieve highest price. Brainchip set a floor price for the sale below which LDA Capital cannot sell.
“As of the date of the capital call notice, available funding under the agreement amounts to $27.9M while the company is committed to drawing down a minimum of $15M no later than 31 December 2023.- They we’re going to have to do it under terms of agreement at some point. So they have chosen to do it in the month the next 4C is due and before the AGM when they have asked to be judged on their performance. It seems an overly pessimistic position to take that it is all going to be sh.t till end of 2023 given they could have easily delayed until after 4C and AGM and fluffed their way through.”
“The proceeds raised from the capital call will be used to accelerate our innovation of the groundbreaking Akida technology as we extend our industry leadership in Edge AI.”
- Money well spent I would argue. Maintain and extend proven technology lead. Just makes sense and increases shareholder value.
“ In 2023 the company will tape out another chip and release significant enhancements to our IP offering”, said BrainChip CEO Sean Hehir.”- It is not speculation a chip is going to be manufactured. No mention of engineering sample or other qualification. The only speculation is quantity. AKD1000 first production run was about 7,000.
“Mr. Hehir went on to say “Additionally, we will further expand our go-to-market capabilities by hiring sales personnel in key international markets, as well as increase our domestic sales and marketing headcount.” - What seems an unreasonable view to take is that a company with a history of belt tightening and fiscal restraint would knowing things are going nowhere would be on a recruitment drive for sales people around the globe.
When tech giants are reportedly putting off staff they could easily have told shareholders if things were grim as you posit they are pulling back reducing staff and overheads across the board but instead they are spending to grow the whole company.
I personally just cannot understand anyone finding negatives in the above.
My opinion only DYOR
FF
AKIDA BALLISTA
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Bravo
If ARM was an arm, BRN would be its biceps💪!
Sorry, this is a tiny bit off topic so apologies in advance but I seriously wonder now how I ever got by with out having ChatGPT in my life because it is literally a font of useful and practical information. Who even knew you could wash your socks in vinegar?
However, in other sightly more relevant news, Apple are going to phase out Broadcomm and Qualcomm chips. If Apple wants to reduce it's reliance on Qualcomm, then they might need to fill the gap somehow. Wink, wink, nudge, nudge.
However, in other sightly more relevant news, Apple are going to phase out Broadcomm and Qualcomm chips. If Apple wants to reduce it's reliance on Qualcomm, then they might need to fill the gap somehow. Wink, wink, nudge, nudge.
Isn't that the same as treading grapes?
Can you ask it who put their overalls in Mrs Murphy's chowder?
Bravo
If ARM was an arm, BRN would be its biceps💪!
Pretty much and it produces really expensive and aromatic wine.
How can I find a wine that expresses a "dirty sock" aroma?
Wine Spectator's resident wine expert, Dr. Vinny, explains the causes of "dirty sock" aromas in wine: brettanomyces and TCA.
www.winespectator.com
Rskiff
Regular
Hi @Fact Finder do you mean AKD1000 not AKD2000?
Sadly, with the advent of screw caps, I've had to sacrifice my favourite gym socks in the pursuit of oenological nirvana.Pretty much and it produces really expensive and aromatic wine.
How can I find a wine that expresses a "dirty sock" aroma?
Wine Spectator's resident wine expert, Dr. Vinny, explains the causes of "dirty sock" aromas in wine: brettanomyces and TCA.
Fact Finder
Top 20
Yes sorry will correct.
Bravo
If ARM was an arm, BRN would be its biceps💪!
I asked it but I appear to have broken it! Maybe Rob should delay making his appointment with OpenAI until I can ascertain how to fix it?
HopalongPetrovski
I'm Spartacus!
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