BRN Discussion Ongoing

[Slymeat]

I understand that every like doesn‘t mean a partner, but it is bloody nice to see DroneShield in Rob Telson’s sights. Please let it be part of the ecosystem. DISC I hold shares in ASX: DRO

If ever there is a technology that could make use of Akida then I think drone tracking and disabling could very well be that technology. Tracking could be as simple as noticing something different in an unchanging backdrop.

Here’s the link to the article, which includes a 7 minute interview discussing the DOD endorsement and what it could mean.
US Department of Defence endorses Australian company Droneshield

 

[Bravo]

Anyone else hate dislike waiting?

Yes.

 

[Getupthere]

Sony’s new A7R V camera uses a dedicated AI processor to identify and track subjects — The Verge

The latest full-frame camera from Sony keeps its predecessor’s 61-megapixel full-frame sensor but adds a new autofocus system with subject detection. It’s also got a bevy of other new features and costs $3,899.99.

apple.news

 

[TopCat]

Sony’s new A7R V camera uses a dedicated AI processor to identify and track subjects — The Verge

The latest full-frame camera from Sony keeps its predecessor’s 61-megapixel full-frame sensor but adds a new autofocus system with subject detection. It’s also got a bevy of other new features and costs $3,899.99.

apple.news

Sony says the 'state-of-the-art' AI processing system in the A7R V takes it one step further by using detailed information about human form and pose estimation to dramatically improve recognition accuracy, well beyond rival systems which it says can only detect faces and eyes.​

 

[SERA2g]

The ASX requirements for a 4C are pretty cut and dry, and I think you can safely bet on the fact that BRN are not in the habit of pumping fluff like ANN's given their track record of late. So essentially, they will report only on anything that is required of them (by the ASX) or that which they consider to be of substance to investors and the market. I am not sure what you think is needed over and above that?

In terms of expected revenue - it's anyone's guess at this very early stage in their growth. It will just be a guess and essentially there will be nothing of substance that anyone can peg against that guess to evaluate whether the value that eventuates is 'good' or 'bad'. Anyone that attempts to do so is either a reporter from the motley fool or a subscriber of theirs.

I'm for the $2.5M - $4M range.

$2m being made up of the cash collection of the Megachips licensing fee accrued in the 2022 annual report on the assumption Brn's terms are not >90 days and so should have been receipted before 30 September upon 30 June accrual.

Minor engineering and support fees etc might push us to $2.5M.

Anything above $2.5M is additional revenue I was not expecting and so may include royalties.

Hoping no one is expecting the lights to be shot out in this quarterly. I'd be pleasantly surprised but not banking on it.

 

[Labsy]

It's in!

 

[AARONASX]

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02589298-2A1409129?access_token=83ff96335c2d45a094df02a206a39ff4

 

[Getupthere]

Announcement

In the coming quarter, the Company will focus on key sales targets and converting technical evaluations into paid licenses. In addition, the Company is accelerating development of next- generation Akida IP and products to extend our technological lead and market opportunity.

 

[Quercuskid]

Yay, at last!!!!!!!

 

[Mugen74]

 

[buena suerte :-)]

Here we go

 

[Gearitup]

BrainChip reported net operating cash outflows of US$3.8M vs.US$2.8M in Q2-22. Receipts from customers for the quarter were US$0.1M, a decrease of US$1.1M from Q2-22.

 

[Diogenese]

Sony’s new A7R V camera uses a dedicated AI processor to identify and track subjects — The Verge

The latest full-frame camera from Sony keeps its predecessor’s 61-megapixel full-frame sensor but adds a new autofocus system with subject detection. It’s also got a bevy of other new features and costs $3,899.99.

apple.news

WO2021117642A1 EBS/TOF/RGB CAMERA FOR SMART SURVEILLANCE AND INTRUDER DETECTION

the processor system 130 can implement advanced processing capabilities, including but not limited to neural network and artificial intelligence capabilities and functions, as described herein.

As can be appreciated by one of skill in the art after consideration of the present disclosure, the neural network 548 performing intrusion analysis based on image frame data can be trained prior to deployment or operation of the neural network 548. As depicted in the training procedure 1236 portion of Fig. 12A, training can include feeding training data 1240 to the neural network 548. A prediction based on the received data and output by the neural network 548 is compared with an expected output 1244 (step 1248). At step 1252, a determination is made as to whether training can be stopped. If continued training is determined to be necessary or desirable, errors in the prediction made by the neural network 548 can be back propagated, and network weights can be updated (step 1256). The training process can then continue. If the neural network 548 is determined to be sufficiently trained, the trained neural network 548 network weights are exported and installed in the neural network 548 in the sensor system 100 (step 1256).

Sony does the NN functions in software, unless ...

 

[Quercuskid]

ASX Announcement
BrainChip Holdings Ltd Appendix 4C & Quarterly Activities Report for the Period Ended 30 September 2022
• Cash Balance as of 30 September 2022 US$24.6M
The recently ended Quarter amplified the execution of the Company’s commercialisation for our AkidaTM neuromorphic IP. In the Quarter, BrainChip added a seasoned AI semiconductor sales executive to fortify commercial expansion and execution.
The Company continues to benefit from its research activities as it was granted two new foundational patents related to neuromorphic AI inference and purchased key patents it previously only had licensed rights to use. BrainChip continues to build its AI and ML patent portfolio, strengthening our IP product and commercial differentiation.
In the coming quarter, the Company will focus on key sales targets and converting technical evaluations into paid licenses. In addition, the Company is accelerating development of next- generation Akida IP and products to extend our technological lead and market opportunity.
We are seeing the greatest amount of sales activity and engagement in the Company’s history. However, the current global technology market has created economic dynamics that have extended evaluations, decreased budgets, and delayed introduction of new technology. These conditions have created a headwind for our prospective and current customers. We anticipate these conditions to eventually calm. We remain positive on future market penetration and broad adoption of Brainchip’s technology.
FINANCIAL UPDATE
The Company ended the September Quarter with US$24.6M in cash compared to US$28.4M in the prior quarter.
Sydney – 27 October 2022 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, BCHPY), the world’s first commercial producer of neuromorphic artificial intelligence chips, today provides the Quarterly Activities Report in conjunction with its Appendix 4C lodged for the quarter ending 30 September 2022.
CEO Statement

BrainChip reported net operating cash outflows of US$3.8M vs.US$2.8M in Q2-22. Receipts from customers for the quarter were US$0.1M, a decrease of US$1.1M from Q2-22.
Payments to suppliers and employees were consistent with the prior quarter, totaling US$4.0 in Q3-22 versus US$4.1M in Q2-22. In the September quarter, BrainChip incurred $0.25M to acquire the full ownership of the IP rights to the JAST learning rules and algorithms which were previously licensed to the Company. BrainChip has restructured its sales and marketing team with the addition of Christopher Stevens as VP of Worldwide Sales to continue efforts to increase revenue and bookings.
Cash used for operating activities includes payments to BrainChip’s Board of Directors totaling US$272,400 as noted in item 6.1 of the accompanying Appendix 4C, comprising fees for Non- Executive Directors and salaries for Executive Directors.
Cash inflows from financing activities included $0.19M as a result of the exercise of Long-Term Incentive Plan (“LTIP”) stock options.
BrainChip has entities in Perth, Australia; Laguna Hills, California (United States); Toulouse, France; and Hyderabad, India. The Company continues to maintain strict cost controls, as well as adhering to travel restrictions and precautionary measures related to the COVID-19 pandemic.
The Company will continue to update the market on material events and maintain monthly Podcasts designed to inform all constituents of the Company’s progress and industry trends.
This announcement is authorised for release by the BRN Board of Directors.
____________________________________________________________________________
About BrainChip Holdings Ltd (ASX: BRN)
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first- to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Keeping machine learning local to the chip, independent of the cloud, also dramatically reduces latency while improving privacy and data security. In enabling effective edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future for its customers’ products, as well as the planet. Explore the benefits of Essential AI at www.brainchip.com. ______________________________________________________________________________
.

 

[SiDEvans]

Somewhat underwhelmed

 

[Cardpro]

Onlything exploding is my heart and share price lol

 

[Gearitup]

 

[LexLuther77]

diasater

 

[toasty]

Somewhat underwhelmed

This is a major setback. Get ready for the shorters to crucify BRN..........

 

[Jimmy17]

Gutted. Inexcusable.