VALEO STILL TRUSTS BRAINCHIP IN DECEMBER, 2022
In 2020 the following article appeared:
BrainChip signs joint development agreement for Akida neuromorphic chip with Valeo
By
George Tchetvertakov
-
June 9, 2020
BrainChip and Valeo plan to develop next-generation AI for autonomous vehicles and driver assistance systems.
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Artificial intelligence device company
BrainChip Holdings (ASX: BRN) has taken an affirmative step towards integrating its Akida neuromorphic chip into autonomous vehicles after signing a binding joint development agreement with European automotive supplier Valeo Corporation.
The agreement means both companies will collaborate to develop a new wave of tech solutions based on artificial intelligence (AI) and reduced power consumption within the overarching theme of miniaturisation that’s taking the tech industry by storm.
According to BrainChip, the Akida chip is a neural networking processor that “brings artificial intelligence to the edge” above and beyond what existing technologies can do.
The company said its Akida solution is high-performance, small, ultra-low power and enables a wide array of edge capabilities that include continuous learning and inference.
In April this year, BrainChip introduced its first event-based neural-network intellectual property and neuromorphic system-on-chip (SoC) device – the AKD1000 – which enables AI capability in edge AI systems at ultra-low power consumption.
Alongside AKD1000, the Akida neural processor represents the next generation of AI that canto overcome the limitations of legacy AI chips, which require too much power and bandwidth to handle the needs of today’s applications. Moreover, Akida is expected to move the technology forward in a significant leap, allowing AI to do more with less.
“Our AKD1000 is able to deliver the portability, connectivity and processing power needed for AI edge applications without retraining the entire network,” BrainChip chief development officer Anil Mankar said.
Development agreement
This latest agreement between BrainChip and Valeo has been hailed as a validation of the company’s Akida device by a Tier-1 sensor supplier and “considered to be a significant development”, according to BrainChip.
In a statement to the market this morning, BrainChip said Valeo will utilise Akida and collaborate on the development of neural network processing solutions, for integration in autonomous vehicles (AVs).
The terms of the deal stipulate that both companies must reach specific performance milestones, with BrainChip stating it expects to receive payments to cover its expenses, subject to the completion of, as yet, undisclosed milestones.
The dawn of Akida
As part of the ongoing design of driver assistance systems and AVs, the issue of timely data processing is paramount.
Accurate real-time data processing is essential for AVs to be deemed safe and reliable; however, the amount of data being generated continues to increase exponentially, thereby making efficient data processing elusive and problematic.
BrainChip is hoping to reconcile the need for greater processing ability with greater amounts of data by developing what it calls “neuromorphic” technology that can handle more data quicker while using less power than existing components.
Neuromorphic engineering was first developed by US scientist Carver Mead in the 1980s and refers to the use of very-large-scale integration (VLSI) systems containing electronic analogue circuits to mimic neuro-biological architectures present in the nervous system.
According to BrainChip, by combining the Akida neural network processor with sensors, the resulting system can achieve ultra-low power, minimum latency, maximum reliability and incremental learning.
“This is a major advancement over current architectures which require large amounts of data to be transmitted to a CPU or GPU, which has the burden of processing all data from all sensors and then combining the results to make a decision or retrain the network for new classifiers,” the company said.
Today’s news pushed BrainChip shares up by 36% to $0.12 per share in morning trade.”
And from the Brainchip website the following adopted and published article:
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AI player BrainChip on a roll; signs two contracts within a month
via
KalkineMedia
Artificial Intelligence is expected to have a firm grip on the market in the upcoming future. A recent report published in May 2020 by the Australian Government highlighted that there is a variety of high-profile demonstrations of Artificial Intelligence and significant progress has been made in fields of self-driving cars, gameplaying machines and virtual assistant. Further, AI has had a considerable role to play in managing the current COVID-19 crisis.
During the last decade, there have been five vital areas where significant growth has been witnessed. These include:
- Image understanding
- Intelligent decision making
- Artificial creativity
- Natural Language Processing
- physical automation
The scope of AI is not exhaustive. However, the above five regions have shown a significant change in the past ten years.
ASX-listed BrainChip Holdings Ltd (
ASX:BRN) is one such technology company that is engaged in developing innovative neuromorphic processor that brings AI to the edge in a manner that is beyond the abilities of other neural network devices. The solution is high-speed, small, low power. It allows a broad range of edge abilities comprising continual learning, local training, and interpretation.
BRN, during April 2020, introduced its AKD1000 to spectators at the Processor Virtual Conference by the Linley Group. The AKD1000’s neural processor is capable of running a normal Convolutional neural network by transforming it into event-based, letting it to execute incremental learning and transfer it on a chip.
CNN or Convolutional neural network is a type of deep neural network used for analysing images. These have specially designed architecture that makes them comparatively easy to train, even for relatively deep networks.
After the introduction of AKD1000, BrainChip has recently signed two agreements, post which the Company noted a significant improvement in its share price in the past couple of weeks. BRN shares, which settled at A$0.058 on 22 May 2020 reached A$0.120 on 9 June 2020, representing a growth of ~106.9%.
On 9 June 2020, the share price skyrocketed after the release of the Company’s announcement related to its Joint agreement with Valeo Corporation. The stock settled at A$0.110 on 10 June 2020, down 8.333%.
Let us look at the two recent deals signed by the Company that led to the stock rally.
Joint Agreement with Tier-1 Automotive Supplier
On 8 June 2020, Brainchip Holdings Ltd entered a joint development pact using BRN’s Akida neuromorphic SoC with Valeo Corporation, a Tier-1 European automotive supplier of sensors as well as systems for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV).
Under the agreement, certain performance milestones & payments that are anticipated to include the Company’s expenditures. The term of the deal is specified by the accomplishment of performance goals & the accessibility of the Akida devices. Each party has the option to end the agreement for convenience with specific notification.
The confirmation of the Company’s Akida device by a Tier-1 supplier of sensors & systems to the automotive industry is believed to be significant progress.
In ADAS & AV applications, the real-time processing of data is vital for security as well as dependability of the autonomous systems. From the automotive industry, the suppliers, as well as the manufacturers, have acknowledged that the advanced & highly efficient neuromorphic nature of the Akida SoC makes it ideally fit to process data at the “Edge” for their advanced system solutions.
With the integration of the Akida neural network processor with sensors, the subsequent system can attain ultra-low power, min. latency, max. reliability & incremental learning.
The Akida neural processor’s game-changing high performance & ultra-low power utilisation allows smart sensor combination by resolving power and footprint difficulties for a range of sensor technologies. Further, it consumes less power than alternative AI solutions and simultaneously maintaining the necessary performance as well as accuracy in a fraction of the physical space.
Agreement with Ford Motor Company for the Evaluation of AkidaTM Neural Processor
On 24 May 2020, the Company signed a
joint agreement with Detroit-based Company for evaluation of the Akida neural network System-on-Chip for Advanced Driver Assistance Systems & Autonomous Vehicle applications.
The evaluation agreement was binding on execution which was signed into with Ford Motor Company and is not the subject of a fixed term. The deal is based upon a partnership to assess Akida as it relates to the automotive industry & payments under the agreement proposed to cover related expenses and received periodically during the evaluation process.
Akida NSoC has an advanced and highly efficient neuromorphic nature, and the partners in the collaboration have also realised that these features provide a broad range of potential solutions to complex problems such as driver behaviour assessments and real-time object detection.
The Akida NSoC exemplifies ground-breaking Neural Processing computing tools for Edge AI systems and gadgets. Each Akida NSoC has 10 billion synapses and 1.2 million neurons, demonstrating orders of magnitude improved effectiveness than other neural processing devices available.
The unique combination of meagre power, high performance and on-chip learning enables for real-time processing at the sensor along with continuous learning. The objective is to facilitate personalisation of every driver’s understanding in real time & constant updates to the system with the change in the environmental conditions”
Leaving all speculation to one side the known FACTS make clear that two and a half years after the Agreement was entered with Valeo Brainchip AKIDA is being described by Edge Impulse as Science Fiction, Mercedes Benz is shouting its advantages, Prophesee is captivated, Nviso is excited, ARM and Intel have partnered and ISL has been awarded by the US Airforce and Valeo trusts Brainchip so as there has been no required ASX announcement it is the case that Brainchip has made every ‘specific performance milestone.’
Now for good measure throw in the dots and speculation and you should all be having a Big Kev moment.
My opinion only DYOR
FF
AKIDA BALLISTA
I just get frustrated when people don’t get the opportunity. I will say this, I am not a Brainchip street preacher, I only share this nugget when someone asks. You can only lead a horse to water I guess.
Japan is an amazing market opportunity for Brainchip. Can’t wait to see who fills this role!
