BRN Discussion Ongoing

[cosors]

Today was the German Lawyers Conference. It is about autonomous driving and liability. This clearly also relates to the EU's plans:

"F.A.Z. EXKLUSIV
EU wants to make it easier for AI victims to file lawsuits
By Hendrik Kafsack, Brussels
23.09.2022, 07:30


It is extremely difficult for victims of artificial intelligence to prove that AI is "to blame" for the damage caused. According to information from the FAZ, the EU Commission now wants to give those affected comprehensive access to data and logs of the AI.

The increasing use of artificial intelligence in everyday life raises new questions. A central one is: Who is liable if something goes wrong? If someone is hit by a car these days, the matter is usually clear. As long as the car was delivered free of defects, the owner or driver are liable for the damage. But what about self-driving cars that are controlled by AI? Who is liable for misdiagnoses when an AI is used by doctors? Or for the incorrect evaluation of documents by an AI?

In theory, the answer is the same as for all products. If a product is defective, the manufacturer must compensate the injured party for the damage. Only the "victim" has to prove that the damage was caused by the product. This is exactly where the problem lies: Why and how an AI "decides" is often not understandable for the user. Experts speak of a "black box problem".

There are therefore voices in the European Parliament to simply reverse the burden of proof in general. In the event of damage, the providers would then have to prove that their AI worked correctly in order to free themselves from liability. This is going too far for the European Commission. However, in the middle of next week she wants to present a proposal with which she reverses the burden of proof in individual cases. She also wants to oblige providers to disclose exactly how their AI works. A draft of the proposal is available to the FAZ.

The EU Parliament and the Council of Ministers still have to agree
Specifically, the injured party should be able to request training or test data sets, data from the technical documentation and logs or information about quality management systems from the providers. If in doubt, you can sue. However, the court must ensure that only absolutely necessary data is disclosed in order to protect trade secrets. If the provider does not comply, the burden of proof is reversed. Then he has to prove that his AI wasn't "to blame".


This also applies if a provider has violated the due diligence obligations enshrined in the EU AI Act. This is the case for systems with a high risk for humans, for example, if the provider does not have sufficient risk management or the training data for the AI was not good enough. In addition, there must always be adequate human supervision. For users of a high-risk AI that has harmed a third party, the burden of proof is reversed if they do not follow the instructions for use or feed the AI data that is not relevant to the application."
https://www.faz.net/aktuell/wirtschaft/eu-will-klagen-von-ki-opfern-erleichtern-18335724.html

Just a note - MB has already ~ pre-empted (?) the discussion. And the lawyers here are clearly in favor of differentiating between cars or refrigerators, for example.

 

[cosors]

Spot on FF.
Looks like Iran is on the verge of falling to the people. Security forces are starting to fight each other.
I think the world will look very different in a few months time. It's best BRN keeps its gun powder dry because no amount of announcements will be heard through the noise.
Interesting times indeed!

I don't believe in that. China, Russia and Iran are holding a military exercise right now. How much interest does China have in losing an USA enemy. The claims have already been staked. I recall the democratic election of Myanmar last year. China is talking about the old blocks. We will have to get used to it as we did then. Only this time not communism vs capitalism but freedom vs control. We will have to reorient ourselves. My opinion. I know a bitter subject.

 

[Sirod69]

Prophesee writes ( AND Rob Telson likes):

"A new milestone in our journey to bring neuromorphic vision to market and a new starting point for many new announcements to come soon.

[FUNDRAISING] Prophesee closes €50M C Series round with new investment from Prosperity7 Ventures to drive commercialization of revolutionary neuromorphic vision technology; Becomes EU’s most well-funded fabless semiconductor startup.

The round includes backing from initial Series C investors Sinovation Ventures (创新工场) and Xiaomi Technology. They join an already strong group of international investors that includes Intel Capital, Robert Bosch Venture Capital, 360 Capital Partners, iBionext and European Investment Bank (EIB).

Massive thanks to our team, our investors and our 5,000+ fast-growing community of inventors driving the adoption of #eventbasedvision #lafrenchtech."

Prophesee closes €50M C Series round

Prophesee closes €50M C Series round with new investment from Prosperity7 to drive commercialization of revolutionary neuromorphic vision technology

www.prophesee.ai

PARIS, September 22, 2022 – Prophesee, the inventor of the world’s most advanced neuromorphic vision systems, today announced the completion of its Series C round of funding with the addition of a new investment from Prosperity7 ventures. The round now totals €50m, including backing from initial Series C investors Sinovation Ventures and Xiaomi. They join an already strong group of international investors from North America, Europe and Japan that includes Intel Capital, Robert Bosch Venture Capital, 360 Capital, iBionext, and the European Investment Bank.

With the investment round, Prophesee becomes EU’s most well-funded fabless semiconductor startup, having raised a total of €127M since its founding in 2014.

 

[Sirod69]

I don't want to spoil any fun but isn't that journalistic freedom and enthusiastic a bit too much of it, a bit misleading? BCG doesn't know Brainchip or doesn't list us in their rankings. I can't find us at least with them.

I think that's a German sentence that you have to see differently. it doesn't really mean the 2nd row, it means more that you have to look behind the facades, something that can't be seen yet.
I hope to have explained it somewhat?

 

[GazDix]

I continue to be amazed by the blinkered thinking of some who engage on the share market.

So for those who cannot see beyond what is directly in front of them I will suggest that they move their gaze slightly to the right and in doing so they will see that Westpac, ANZ, NAB and the Commonwealth Bank are all falling in the face of the global conditions.

Then I suggest they move their gaze this time to the left and they will see an ASX listed technology company AXE. In August last year it was trading at over $2.50 and today it is trading at 78.5 cents.

This fall in the AXE price of course makes no sense because as we know the failure to make ASX announcements is the cause of Brainchips price action but in AXE’s case they have made eight ASX announcements during August and September so far.

So for those wearing blinkers I have decided to share the following from an American investor friend of mine who I swap notes with which just might open their eyes to a set of global circumstances bigger than Brainchip being the cause of the current market volatility to the down side:


“The news just keeps getting worse and worse. Sorry to hear about your other large holding.

I can’t believe that nobody in Russia has put a bullet in Puto’s head to save at least the 300k of canon fodder and possibly many more if he does something really stupid and upsets Sleepy Joe Biden and our Generals who all have an itchy trigger finger when it comes to Puto (not necessarily Russia and it’s people). In fact, in much of the news I’ve been reading here lately, the overall level of patience with Puto and Xi amongst our government is running thin and I would not be surprised if we were to see some sort of skirmish that hopefully remains very contained. But troops, aircraft carriers and other large pieces of metal are being put into motion so things are definitely escalating. I hope the other two countries come to their senses and realize when enough is enough. If the US weren’t so damn passive all the time, a lot of this would not be happening. Who knows, maybe it has to come to a head to ultimately be resolved.

That 75bps raise was totally expected but good ole Jerome Powell is once again behind the curve and as you noted below he seems to have already decided we need to go much higher without even waiting to see what the first few hikes will do, despite very obvious slowing economic data here. He put the death blow on housing already which is one of our largest sectors. Most analysts firmly believe he will put us into a recession because of his reliance on lagging economic indicators. He needs to go. He has killed my portfolio this year.”

Now I personally might be overreacting to the importance of the matters mentioned by my friend in the States because my son and his family live in London and Puto and his Generals have been threatening to nuke London and Berlin and of course as we all know this is just the empty threat of a narcissistic dictator whose previous job was with the KGB which I understand was an organisation dedicated to protecting civil rights and freedom of speech and promoting the rule of law- (irony being employed).

See:https://www.britannica.com/topic/KGB
“ Foreign intelligence allowed the Soviet Union to maintain rough parity with the West in nuclear weapons and other weapons systems. Inside the country, however, the role of the KGB was baleful. Scholars disagree about the human cost of the KGB and its predecessors, but many estimate that they were responsible for the deaths of tens of millions of people.”

I am afraid to say that if I hear one more time that the present declining share price is a result of Brainchip not making a price sensitive announcement I will consider that it is either an attempt at some sort of humour or that the poster is seeking to support the activities of shorters and trader manipulators.

The entire world is under enormous political and economic pressure not seen since the Cuban missile crisis.

Take off the blinkers.

My opinion only DYOR
FF

AKIDA BALLISTA

Well said FF.

We can also include Europe with an uncertain winter (literal winter due to gas prices) coming and the UK a political and economic mess (just announced they were in recession yesterday) with friggin 10% inflation to your macro points.

I am an AXE holder and have bought all the way up and down. Like BRN, shorters influence that as well but that is not the main reason why it is down. Every God damn thing is down and some will take advantage of the pessimism around by shorting.

We need to take our blinkers off to an extent that the companies we hold are not too highly geared and can still access cash needed to build with this very tight quantitative environment.

Brainchip is still building, still marketing, still networking, still creating, still thinking with plenty of cash in the bank and that hasn't changed fortunately for us since the start of this horrific year on the markets. Revenue is creeping in as well. Fundamentals still matter in spite of the macro.
I think there is still pain to come (due to Macro), but just one macro news event would push it all up. I am hoping a bullet in the head of Putin. Hope creates optimism and the markets will melt up quickly seeing it has been stuck under for so long.

To help get blinkers off. Download the tradingview app. Sign up for free. Every morning wake up and see how the Nasdaq, other US markets, Bitcoin and Ethereum, add to your watch list: Frankfurt SE, BRCHF, FAAMG stocks, and whatever takes your fancy and this will help you get the big picture.

Good luck all. Forget the SP for a while.

 

[cassip]

Great forum, sort of rock in the surf, thank you.
SP secondary atm. Looking forward to, for example, the weekend, a day next week, …
good news.
Regards
cassip

 

[MDhere]

number was grabbed from here.

https://stocktrack.com.au/asx/brn/shorts

View attachment 17194

however keep in mind this is just a crude indicator based on the reported shorts outstanding and average daily volume of shares. ~10M

it is highly unlikely that shorts would ever cover in an orderly 10M a day for 11 days in a row....

how many shorts!! i hope they have double the number of undies on!!!

 

[MDhere]

Tell this anyone who bought right at / after the Merc hype...

Well if those that bought on the Merc rise just sit and hold for the release of products they will do just fine.
So patience is the key to success. My thoughts are if your willing to invest in a Company with NDAs in place they would have done enough research to know to hold at whatever the purchase entry price. Thats my thoughts.
If they just bought on the Merc rise and didn't consider the above to hold my thoughts they are stupid but i think anyone at anytime that invests in Brn and hold are smart. No brn holders are stupid, well.... maybe pmf and dipstick were.

 

[Learning]

Not Brainchip related, but on a macro out look. Good business would do well in any economic environment.

https://www.forbes.com/lists/global2000/?utm_source=ForbesMainTwitter&utm_campaign=socialflowForbesMainTwitter&utm_medium=social&sh=7ccc8e115ac0

Learning

 

[Foxdog]

Wellllll, thanks shortee's. After weeks of waiting around at 86 and a half cents, you've finally huffed and puffed it down and fulfilled my top up.
Now, be good chaps and proceed to push it back up. I'm ready now.

Not sure what Nanna needs for Egypt, but around $1.75 or better will do me nicely for Roma next March. Thank you me dears.

Wellllll, thanks shortee's. After weeks of waiting around at 86 and a half cents, you've finally huffed and puffed it down and fulfilled my top up.
Now, be good chaps and proceed to push it back up. I'm ready now.

Not sure what Nanna needs for Egypt, but around $1.75 or better will do me nicely for Roma next March. Thank you me dears.

Wellllll, thanks shortee's. After weeks of waiting around at 86 and a half cents, you've finally huffed and puffed it down and fulfilled my top up.
Now, be good chaps and proceed to push it back up. I'm ready now.

Not sure what Nanna needs for Egypt, but around $1.75 or better will do me nicely for Roma next March. Thank you me dears.

Steady on old fruit, some if us are still waiting for our top up orders to be filled Seriously though, I think that's a good price you got, although I reckon current macro environment will see the SP drop a little further, unless there's a big announcement on Mon.

Can get a bit cloudy during these uncertain times but this is exactly when companies like Merc double down in R&D so they are ready to take full advantage of the inevitable rebound. Perhaps a couple of years of pain for some generational gain.

My op only - but it's true

 

[thelittleshort]

Apple won 59 Patents today covering the Gesture Recognition 'AssistiveTouch' Feature for Apple Watch & more

Today the U.S. Patent and Trademark Office officially published a series of 59 newly granted patents for Apple Inc. In this particular report we briefly cover two Apple Watch patents. The first covers Machine Learning in context with the Apple Watch Assistive Touch feature that recognizes hand...

www.patentlyapple.com

 

[Pmel]

While I agree with everything you have said about the current economic climate and trigger happy reserve bankers, I‘m also sympathetic to the people you are calling out. Before I comment, I want to be clear that it is not my intention to get into an argument here, and want this conversation to remain civil.

Brainchip started its commercialisation journey about two years ago now, with Renesis being the first to sign a contrat. A year went past, until Megachips jumped on board. Since then there has been nothing. Whilst I understand that there has been plenty of chatter and strong connections made on here, I think it’s fair to say that most investors (myself included), expected more. The false start here is undeniable, and to argue against this is delusional. Brainchip have the product, the team, they’ve had the time, but have yet to show the spoils. Why? Well that I cannot answer. I personally expected many more commercial announcements this year, and I know from reading HC in 2021 that many others here did too.

- I completely believe that Akida is groundbreaking in its field - we’ve all seen the demos, the articles, the papers…
- I have met PVDM and the team, and think they are an incredibly dedicated team of professionals.
- The rebranding this year and improvement of presentations is an undeniable improvement.
- Putins war has triggered massive economic decline across multiple sectors.
- Inflation from COVID has further hindered the markets.

I strongly believe in all of the above and continue to buy shares. Why? Because I believe what we have here is special. That being said, a year with no official news, at this point in the companies commercialisation phase does not look good.

I hold onto the fact that NDAs are preventing us learning the real story and extent of commercial interest, just as plenty of others do too, but this way of thinking is finite. Sooner or later you have to show your hand, either in revenue, or contracts.

I think it’s understandable and justifiable that people attribute the company silence with the declining SP. Whether or not that is true, we will never know.

100% agree with you what you have said is true in each and every aspect

 

[robsmark]

2 years ago BRN started their commercialization journey. Ever since then its been COVID, CHIP SHORTAGES, WAR and all sorts of BS going on around the World. Everyone is struggling to fill spots in jobs and move forward. Id say you need to expect less and you wont be disappointed. Realize there are bigger issues, Worldwide at play here which cause all sorts of delays/problems for a startup like BRN.

Also.. BRN isn't the only company SP which has dropped off. XERO - $150 to $76, TESLA - $361 to $277, SQUARE - $255USD to $55USD, NVIDIA - $329USD to $124USD. To name a few

These are only some big players... who have had their SP smashed.

BRN went up on Mercedes Hype.. if you bought in last year at 38c, you would have doubled your money right now. Which is still pretty amazing tbh.

From the start of the commercialization phase, this is a 10 - 15 year hold at a minimum. (For me anyway)

imo

Good morning, Townyj,

As I said, I understand that there have been economic challenges.

I want to make one point clear though - I couldn’t care less about the performance of any other company. Especially those which are already worth billions post commercialisation, or that have made dumb stratigic plays by acquiring dated BNPL companies at multiple times their actual value.

There have been plenty other companies that have built their sp over the past couple of years. Besides, has anyone else got a first/best in class Neuromorphic Processor?

 

[Xhosa12345]

Ok to all the hysteria the company has stated in public the following:
1- revene growth will exceed expense growth by end of year
2- watch the financials
3- the market cap is no where near what it should be.

The company has not made any statement or announcement contradicting or changing the above 3 comments, and if something happened that changed any of them they would need to disclose it.....

Its grand final day, take a chill pill, grab a beer and enjoy the day with family and friends!

 

[Cardpro]

Hi,
i was all the years only a silent reader. Thanks for your work guys. After the mail, some of you wanted a confirmation. So i'll try.

At first i'm an retail investor like you and on board for around three years.

The mail is true, i'm on vacation now and had some time. So i decided to get out some mails to all partners and adresses that were mentioned in the last years. I just made up a little story that i'm interested in AI and didnt pointed to Brainchip exactly. You can see it in the attachments. My first mail was always the same...

I got an answer from Carlquist Vorago. Referring to this project:

NASA SBIR 2020-I Solicitation | H6.22-4509 - CNN RNN Processor | Proposal Summary

And i got an answer from Lee Wooldridge Tensor, refering to this project:

NASA SBIR 2020-I Solicitation | H6.22-6631 - Scalable Neural Net and Neuromorphic Module for In-Space Autonomous Orientation and Maneuvering | Proposal Summary

As you can see i changed something at the mailadress. So its my originally mail account. I just dont want to spread my name and private mail around the world. I hope you understand that.
I had some good talks with Chapman in the past on messenger. My facebook Account is Jan Neddel. Maybe he can confirm that.

I wrote instantly to the Brainchip support and i hope for an answer. I'll let you know.

As you guys already said, Vorago could be the one EAP that was lost. NASA should be fine... The mail from Wooldridge wasnt concrete, but this answer to this special topic.... For me its clear that he is talking about AI in generell but also about Brainchip. (The subject of the mail, is the same like in the sbir-nasa link)

We always have to see both sides of the medal. It helps us to get further. Thats all i can do for now.

Keep up the great work, but open your minds on both sides.

Does anyone know what happened with Vorago tech? We've previously listed them as partners and made a market announcement about them being EAP, I would assume that the management would be making a new one if we are no longer working with them.

 

[Fact Finder]

Something has caught my very lay attention on

akida

Akida Execution Engine

pypi.org

The first thing is that they have been updating to accommodate AKIDA 2.0.

The second thing is they have dropped compatibility for JAST on some layers?

The third thing is they have cortical models in the Zoo.

The fourth thing as set out below is they have training for three product offerings one of which I had not seen being AKIDATwoNodesIP.
Renesas as we know is developing an MCU using 2 nodes. This product is going to need advice on how to train the two nodes?

The fifth is the upward trend and spike in down loads?

So it is now up to the true tech savvy among the 1,000 Eyes to make sense of these very lay observations.

My opinion only DYOR
FF

AKIDA BALLISTA 2.0

Releases · Brainchip-Inc/akida_examples

Brainchip Akida Neuromorphic System-on-Chip examples and documentation. - Brainchip-Inc/akida_examples

github.com

akida.devices()→List[akida.core.HardwareDevice]
Returns the full list of available hardware devices

Returns
list of Device

akida.AKD1000()[source]
Returns a virtual device for an AKD1000 NSoC.

This function returns a virtual device for the Brainchip’s AKD1000 NSoC.

Returns
a virtual device.

Return type
Device

akida.TwoNodesIP()[source]
Returns a virtual device for a two nodes Akida IP.

Returns
a virtual device.

Return type
Device

HwVersion​

classakida.HwVersion
Attributes:

major_rev	The hardware major revision
minor_rev	The hardware minor revision
product_id	The hardware product identifier
vendor_id	The hardware vendor identifier

 

[Dhm]

Does anyone know what happened with Vorago tech? We've previously listed them as partners and made a market announcement about them being EAP, I would assume that the management would be making a new one if we are no longer working with them.

Purely my speculation, but perhaps they liked our secret sauce so much they have progressed to a NDA?

Edit: silly me! As FF pointed out below, Vorago appears on our front page as a trusted partner.

 

[Fact Finder]

Purely my speculation, but perhaps they liked our secret sauce so much they have progressed to a NDA?

Hi Dhm
The last time I looked Vorago was still referred to on the Investor Relations page on the website.

Another thing to keep in mind where Vorago is concerned is they provide a range of Hardsil ARM based chips. ARM & Brainchip are partners and AKIDA needs to work with someone’s processor so an ARM, AKIDA Hardsil semiconductor in 90mn May be floating around out at NASA???
Regards
FF

AKIDA BALLISTA

 

[thelittleshort]

The third thing is they have cortical models in the Zoo.

I’m whatever is below a layperson when it comes to understanding the technology

What on earth is the zoo?

 

[VictorG]

I’m whatever is below a layperson when it comes to understanding the technology

What on earth is the zoo?

It's a place where wild animals are kept and they have big signs saying don't feed the WANCA's.