BRN Discussion Ongoing

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Steve10

Regular
Have been reviewing reports from various sources about the Global Neuromorphic Chip Market.

Previous reports reviewed covered the Edge AI Hardware Processor market which includes non-neuromorphic chip technologies. Other companies are enabling edge AI using different tech such as GPU's etc.

Companies enabling edge AI include Apple, ARM, MediaTek, Qualcomm, Nvidia, Intel, Google, Microsoft, AMD, Micron, Imagination, Tenstorrent, Hailo, STMicroelectronics, Graphcore, Syntiant, Ambarella, Perceive etc.

Companies enabling edge AI with neuromorphic processors include BrainChip, SynSense, Quadric, Innatera, GrAI Matter Labs etc.

The reports for the Global Neuromorphic Chip Market TAM are all different.

1. USD $1.6B in 2031 @ 43.8% CAGR

2. USD $8.6B in 2028 @ 16.6% CAGR = $13.63B in 2031

3. USD $16.2B in 2030 @ 20.2% CAGR = $19.5B in 2031

4. USD $3.8B in 2021 @ 22.3% CAGR = $28.45B in 2031

Disregarding the first report & using the average of the last three reports results in USD $20.52B in 2031 @ 19.7% CAGR.

There are not many companies with neuromorphic technology so competition will be low. The neuromorphic chip pie at this stage will be split between only five companies. The technology is relatively new & early majority adoption will take 3-6 years.

USD $20.52B = AUD $31.2B x 5% IP royalty/licencing TAM = $1.564B in 2030.

Will be AUD $8.86B x 5% IP royalty/licencing TAM = $443M in 2023.

Will be AUD $10.6B x 5% IP royalty/licencing TAM = $530M in 2024.

There appears to be $400-500M IP royalty/licencing revenue up for grabs in 2023 & 2024.

With limited competition BRN should be able to take significant market share.

At 19.7% CAGR the $1.564B in 2030 will be $3.84B in 2035.

However, the reports are all over the place as it's impossible to factor in new applications in future. They more or less took a calculated guess at a number.

Should BRN tech prove to be revolutionary as mentioned in research articles then you can throw all the guesstimate reports in the bin.
 
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mrgds

Regular
Thnx @Mazewolf

Quote;
SpikeGPT also offers huge benefits for security and privacy. With the language generator on a local device, data imputed into the systemns are much more secure, protected from potential data harvesting enterprises.

This work shows we can actually train models at the same scale with very similiar performance, with far, far better energy consumption than whats currently out there.

However, this transition will require the development of a brain inspired hardware, which is a significant investment.
Eshraghian hopes to work with a hardware company such as Intel to host these models, which would allow him to further demonstrate the energy savings of his SNN.

AKIDA BALLISTA
 
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zeeb0t

Administrator
Staff member
This work shows we can actually train models at the same scale with very similiar performance, with far, far better energy consumption than whats currently out there.

Yes, it is possible to train a language model by providing specific information through SNN, which is impressive. However, to acquire the vast knowledge that OpenAI has trained its models on, it would require significant enterprise resources. Additionally, retaining such extensive knowledge/data would be challenging at the edge. Essentially, the approach depends on the specific use case. Nevertheless, it is exciting to witness SNN's impact in this field!!
 
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HopalongPetrovski

I'm Spartacus!
Coming up this week........🤣
Brainchip, bringing it!

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BrainChip Demonstrates Edge AI Processing at Embedded World 2023 in Nuremberg


Laguna Hills, Calif. – March 10, 2023 BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, today announced it will showcase its Akida
™
platform for next-generation edge AI at Embedded World 2023, March 14-16 in Nuremberg, Germany. BrainChip will exhibit in booth 2-238 at the TinyML pavilion and also have a presence in partner booths such as Edge Impulse.
Akida processors power next-generation edge AI in a range of industrial, home, automotive, and scientific environments. Akida’s fully digital, customizable, event-based neural processor and IP is ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. Akida’s neuromorphic architecture delivers high performance with extreme energy efficiency that enables partners to deliver AI solutions previously not possible on battery-operated or fan-less embedded, edge devices. Akida also has a unique ability to learn on device in a secure fashion, without need for cloud retraining.
“On-chip AI that learns close to the sensor, untethered from the cloud, is the future of edge devices, and we are eager to show the leaders in embedded computing that future,” said Nandan Nayampally, Chief Marketing Officer of BrainChip. “The AIoT landscape, especially the automotive, industrial, consumer, and digital health markets are on the verge of technological and economic transformation. Brain chip’s Akida is ready to power the next generation of smarter, more powerful and highly efficient devices.”

About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY)
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, AkidaTM, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables edge learning local to the chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today’s workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like Tensorflow/Keras. 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.

Follow BrainChip on Twitter: https://www.twitter.com/BrainChip_inc
Follow BrainChip on LinkedIn: https://www.linkedin.com/company/7792006

###

Media Contact:
Mark Smith
JPR Communications
818-398-1424

Investor Relations:
Tony Dawe
Director, Global Investor Relations
tdawe@brainchip.com
The post Media Alert: BrainChip Demonstrates Edge AI Processing at Embedded World 2023 in Nuremberg appeared first on BrainChip.
Read On BrainChip.com
 
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manny100

Regular
I see the connection between Edge impulse and Brainchip.
Edge Impulse have their first Industrial monitoring product (not sure how close to Commercialisation it is) and Health Wearables products.
At the last BRN Podast Fireside Chat, they said those 2 areas are where the shorter term sales will come from.
It's wait and see.
But I like the connection..
See Impulse Imbedded Workd 2023 tweet from easier post.
 
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Bravo

If ARM was an arm, BRN would be its biceps💪!
Sensor Cortek + Valeo + Synposys


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Sensor Cortek Partners​

Home•Partners

Strategic Partners​



Synopsys technology is at the heart of innovations that are changing the way we work and play. Autonomous vehicles. Artificial intelligence. The cloud. 5G. These breakthroughs are ushering in the era of Smart Everything―where devices are getting smarter, everything’s connected, and everything must be secure. Powering this new era of digital innovation are advanced silicon chips and exponentially growing amounts of software content―all working together, smartly and securely. Synopsys is at the forefront of Smart Everything with the world’s most advanced technologies for chip design and verification, IP integration, and software security and quality testing. Sensor Cortek works closely with Synopsys to bring forth optimized AI solutions by embedding our DNN models on chip-level AI engine.
“Synopsys works very closely with leading embedded hardware and software companies, such as Sensor Cortek, to provide a complete development environment for ARC® processor-based systems. Sensor Cortek possesses key domain knowledge and real-world expertise in LiDAR and radar automotive applications. Our collaboration demonstrating the integration of Synopsys DesignWare® ARC Processor IP and Sensor Cortek’s sensor fusion software will deliver optimal power and performance efficiency for our mutual customers.”
–John Koeter, Senior Vice President of Marketing and Strategy for IP at Synopsys





Terranet develops software for advanced driver-assisted systems and supplies the technology behind next generation’s autonomous vehicles. Using lightning-fast 3D technology, VoxelFlow™ scans an area 25 metres ahead of the vehicle and reacts in five milliseconds. This can be compared to the 300 milliseconds of today’s ADAS systems. VoxelFlow provides the car with lightning-fast sensor technology, so it can detect what’s in front of it and act accordingly – in five milliseconds. Compared to today’s ADAS systems, it shortens the braking distance with 5,4 metres when the vehicle is travelling at 70 km/h. VoxelFlow cuts the reaction distance from 6 metres to 6 centimetres.
“The Sensor Cortek computer vision development team quickly understood the potential of Terranet’s VoxelFlow 4D sensor technology and accelerated our development of the CV/AI backend processing of VoxelFlow low latency 4D data. Your development team is well organized, efficient and has a great attention to details. Five stars!”
Nihat Küçük – CTO – Terranet




Valeo is a global automotive supplier and partner to automakers worldwide. Valeo offers one of the largest ranges of smart sensors and features that improve vehicle safety and comfort for enhanced automated driver-assistance and self-driving systems. Sensor Cortek and Valeo are involved in joint research and development of new generations of smart radar perception systems.

BlackBerry QNX develops safety-certified and secure software platform for the car. Based in Ottawa, Ontario, Canada, BlackBerry QNX has provided foundational software for many of the world’s mission-critical embedded systems since 1982. From nuclear power plants, surgical robots and class III life-critical medical devices to autonomous vehicles and brands like GM, Audi, Cisco, Fiat-Chrysler, Ford, General Electric, Medtronic, Intuitive Surgical, Lockheed Martin, Alstom, Harris, Cisco and Siemens whose products require best in class safety, reliability, and security. Sensor Cortek works closely with BlackBerry and develops solutions on top of the QNX operating system.



LeddarTech designs high-performance solid-state LiDAR modules for use in autonomous shuttles, trucks, buses, delivery vehicles, and robotaxis. LeddarTech was founded in 2007, stemming from innovative research projects on solid-state LiDARs at INO, the National Optics Institute based in Quebec City, Canada. It provides versatile and scalable LiDAR platform for Tier-1 suppliers and AD system integrators enabling mass deployment of ADAS and autonomous driving solutions by automotive and mobility OEMs. LeddarTech is an industry leader providing the most versatile and scalable auto and mobility LiDAR platform based on the unique LeddarEngineTM
engine and LeddarSPTM signal processing software.

 
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MrNick

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Steve10

Regular
Some companies caught up in SVB collapse include Roku, Roblox, Quotient, Sunnova, Sunrun & numerous US, Canadian, UK, German, Israeli, Chinese, Danish, Indian & Swedish startups.

“The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.”

The UK is just the beginning. SVB had branches in Canada, China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention.


Only banking related items I have identified for BRN is in last 4C.

BrainChip SAS has a secured overdraft facility with Credit Agricole, France, to the value of 20,000 Euros which incurs interest at 8.39%.

BrainChip Inc has an Irrevocable Standby Letter of Credit to the value of US$665,000 with First Republic Bank as security for the office lease. The Letter of Credit expires 31 May 2027 and incurs interest at 0.9%.

The Irrevocable Standby Letter of Credit as security for office lease is via the First Republic Bank so hopefully BRN hold their cash with them as well.

First Republic Bank says 'liquidity position remains very strong'​


investing-new.png
Stock Markets Mar 11, 2023 05:54

By Sam Boughedda

First Republic Bank (NYSE:FRC) shares plummeted more than 30% in Friday trading as the market reaction to the news surrounding SVB Financial Group (NASDAQ:SIVB) grows, but FRC said in a filing that its "liquidity position remains very strong."

SVB's meltdown began Thursday after it revealed it had to sell billions of dollars worth of securities at a loss and was seeking to raise $2.25 billion in equity to shore up its balance sheet.

Banking stocks plunged ahead of the weekend as investors fled the sector, with the Federal Deposit Insurance Corporation stating that SVB has been shut down by the California Department of Financial Protection and Innovation.

First Republic Bank, which at the time of writing is down 22% at $74.50, was just one of several bank stocks impacted, but it tumbled a significant amount due to fears about its position.

However, the bank said Friday that its "deposit base is strong and very-well diversified."

"First Republic's liquidity position remains very strong. Sources beyond a well-diversified deposit base include over $60 billion of available, unused borrowing capacity at the Federal Home Loan Bank and the Federal Reserve Bank," the company stated in the filing.

"First Republic's very high-quality investment portfolio is stable and represents a modest percentage of total bank assets," they added. "The investment portfolio is less than 15% of total bank assets. Of this, less than 2% of total bank assets is categorized as available for sale."

The bank concluded by saying it has "consistently maintained a strong capital position" and has a "long-standing track record of exceptional credit quality."
 
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Dhm

Regular
Thnx @Mazewolf

Quote;
SpikeGPT also offers huge benefits for security and privacy. With the language generator on a local device, data imputed into the systemns are much more secure, protected from potential data harvesting enterprises.

This work shows we can actually train models at the same scale with very similiar performance, with far, far better energy consumption than whats currently out there.

However, this transition will require the development of a brain inspired hardware, which is a significant investment.
Eshraghian hopes to work with a hardware company such as Intel to host these models, which would allow him to further demonstrate the energy savings of his SNN.

AKIDA BALLISTA
I just emailed Jason at UCSC asking him about the specific SNN chip his research entailed, together with a few links to Brainchip. If he responds I will let you know. I did let him know I am a shareholder.
 
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wilzy123

Founding Member
 
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Boab

I wish I could paint like Vincent
Some companies caught up in SVB collapse include Roku, Roblox, Quotient, Sunnova, Sunrun & numerous US, Canadian, UK, German, Israeli, Chinese, Danish, Indian & Swedish startups.

“The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.”

The UK is just the beginning. SVB had branches in Canada, China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention.


Only banking related items I have identified for BRN is in last 4C.

BrainChip SAS has a secured overdraft facility with Credit Agricole, France, to the value of 20,000 Euros which incurs interest at 8.39%.

BrainChip Inc has an Irrevocable Standby Letter of Credit to the value of US$665,000 with First Republic Bank as security for the office lease. The Letter of Credit expires 31 May 2027 and incurs interest at 0.9%.

The Irrevocable Standby Letter of Credit as security for office lease is via the First Republic Bank so hopefully BRN hold their cash with them as well.

First Republic Bank says 'liquidity position remains very strong'​


investing-new.png
Stock Markets Mar 11, 2023 05:54

By Sam Boughedda

First Republic Bank (NYSE:FRC) shares plummeted more than 30% in Friday trading as the market reaction to the news surrounding SVB Financial Group (NASDAQ:SIVB) grows, but FRC said in a filing that its "liquidity position remains very strong."

SVB's meltdown began Thursday after it revealed it had to sell billions of dollars worth of securities at a loss and was seeking to raise $2.25 billion in equity to shore up its balance sheet.

Banking stocks plunged ahead of the weekend as investors fled the sector, with the Federal Deposit Insurance Corporation stating that SVB has been shut down by the California Department of Financial Protection and Innovation.

First Republic Bank, which at the time of writing is down 22% at $74.50, was just one of several bank stocks impacted, but it tumbled a significant amount due to fears about its position.

However, the bank said Friday that its "deposit base is strong and very-well diversified."

"First Republic's liquidity position remains very strong. Sources beyond a well-diversified deposit base include over $60 billion of available, unused borrowing capacity at the Federal Home Loan Bank and the Federal Reserve Bank," the company stated in the filing.

"First Republic's very high-quality investment portfolio is stable and represents a modest percentage of total bank assets," they added. "The investment portfolio is less than 15% of total bank assets. Of this, less than 2% of total bank assets is categorized as available for sale."

The bank concluded by saying it has "consistently maintained a strong capital position" and has a "long-standing track record of exceptional credit quality."
SVB's problems have been caused by their "heavy mortgage book" and with the Tech sector seeing heavy layoffs the mortgage defaults have also been excessive.
This may also be region specific with California having some of the strictest Covid lockdowns and also a high taxing state.
 
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Makeme 2020

Regular

Renesas to Demonstrate First AI Implementations on the Arm Cortex-M85 Processor Featuring Helium Technology at Embedded World

Microcontroller Leader to Showcase Superior Performance of New Processor in Demanding AI Use Cases at Embedded World 2023 Exhibition and Conference
(Photo: Business Wire)
(Photo: Business Wire)
March 09, 2023 08:00 AM Eastern Standard Time
TOKYO--(BUSINESS WIRE)--Renesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, today announced that it will present the first live demonstrations of artificial intelligence (AI) and machine learning (ML) implementations on an MCU based on the Arm® Cortex®-M85 processor. The demos will show the performance uplift in AI/ML applications made possible by the new Cortex-M85 core and Arm’s Helium technology. They will take place in the Renesas stand - Hall 1, Stand 234 (1-234) at the embedded world 2023 Exhibition and Conference in Nuremburg, Germany from March 14-16.
“We’re excited to take part in this ground-breaking demonstration”
Tweet this
At embedded world in 2022, Renesas became the first company to demonstrate working silicon based on the Arm Cortex-M85 processor. This year, Renesas is extending its leadership by showcasing the features of the new processor in demanding AI use cases. The first demonstration showcases a people detection application developed in collaboration with Plumerai, a leader in Vision AI, that identifies and tracks persons in the camera frame in varying lighting and environmental conditions. The compact and efficient TinyML models used in this application lead to low-cost and lower power AI solutions for a wide range of IoT implementations. The second demo showcases a motor control predictive maintenance use case with an AI-based unbalanced load detection application using Tensorflow Lite for Microcontrollers with CMSIS-NN.
Delivering over 6 CoreMark/MHz, Cortex-M85 enables demanding IoT use cases that require the highest compute performance and DSP or ML capability, realized on a single, simple-to-program Cortex-M processor. The Arm Cortex-M85 processor features Helium technology, Arm’s M-Profile Vector Extension, available as part of the Armv8.1M architecture. It delivers a significant performance uplift for machine learning (ML) and digital signal processing (DSP) applications, accelerating compute-intensive applications such as endpoint AI. Both demos will showcase the performance uplift made possible by the application of this technology in AI use cases. Cortex-M hallmarks such as deterministic operation, short interrupt response time, and state-of-the-art low-power support are uncompromised on Cortex-M85.
“We’re proud to again lead the industry in implementing the powerful new Arm Cortex-M85 processor with Helium technology,” said Roger Wendelken, Senior Vice President in Renesas’ IoT and Infrastructure Business Unit. “By showcasing the performance of AI on the new processor, we are highlighting technical advantages of the new platform and at the same time demonstrating Renesas’ strengths in providing solutions for emerging applications with our innovative ecosystem partners.”
“We’re excited to take part in this ground-breaking demonstration,” said Roeland Nusselder, CEO of Plumerai. “Arm’s Helium technology supported on the new RA MCUs with the Cortex-M85 core significantly accelerates the Plumerai inference engine. This performance uplift will enable our customers to use larger and more accurate versions of Plumerai's People Detection AI, add additional product features, and extend battery life. Our customers have an insatiable appetite for adding new and more accurate AI features that run on a microcontroller. Together with Renesas, we are the first to fulfill this demand.”
Renesas will implement the new Arm processor within its RA (Renesas Advanced) Family of MCUs. Renesas has quickly become a leader in the Arm MCU market, offering a feature rich family of over 250 different MCUs. Renesas has developed a robust ecosystem of partners providing customers with comprehensive solutions for IoT, AI/ML, industrial automation, medical, building automation, home appliance and multiple other applications.
The new Cortex-M85 core supports Arm TrustZone® technology for protection of secure assets. Combined with TrustZone, Renesas’ integrated cryptographic engine, immutable storage, key management, and tamper protection against DPA/SPA side-channel attacks will provide a comprehensive and fully integrated secure element functionality. The Armv8-M architecture also brings Pointer Authentication/Branch Target Identification (PAC/BTI) security extension, a new architectural feature that provides enhanced mitigation from software attack threats and helps achieve PSA Certified Level 2 certification.
The new RA MCUs based on the Cortex-M85 core will be supported by Renesas’ Flexible Software Package (FSP). The FSP enables faster application development by providing all the infrastructure software needed, including multiple RTOS, BSP, peripheral drivers, middleware, connectivity, networking, and security stacks as well as reference software to build complex AI, motor control and graphics solutions. It allows customers to integrate their own legacy code and choice of RTOS with FSP, thus providing full flexibility in application development. Using the FSP will ease migration of existing designs to the new RA devices.
Winning Combinations
Renesas will combine the new RA MCUs with numerous compatible devices from its portfolio to offer a wide array of Winning Combinations. These Winning Combinations are technically vetted system architectures from mutually compatible devices that work together seamlessly to bring an optimized, low-risk design for faster time to market. Renesas offers more than 300 Winning Combinations with a wide range of products from the Renesas portfolio to enable customers to speed up the design process and bring their products to market more quickly. They can be found at renesas.com/win.
Renesas MCU Leadership
A world leader in MCUs, Renesas ships more than 3.5 billion units per year, with approximately 50% of shipments serving the automotive industry, and the remainder supporting industrial and Internet of Things applications as well as data center and communications infrastructure. Renesas has the broadest portfolio of 8-, 16- and 32-bit devices, and is the industry’s No. 1 supplier of both 16- and 32-bit MCUs, delivering unmatched quality and efficiency with exceptional performance. As a trusted supplier, Renesas has decades of experience designing smart, secure MCUs, backed by a dual-source production model, the industry’s most advanced MCU process technology and a vast network of more than 200 ecosystem partners. For more information about Renesas MCUs, visit www.renesas.com/MCUs.
More Information
The demonstrations will take place in the Renesas booth - Hall 1, Stand 234 (1-234) at embedded world. More information is available at renesas.com/ra and https://plumerai.com/partners/peopledet-renesas.
About Renesas Electronics Corporation
Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube and Instagram.
(Remarks). All names of products or services mentioned in this press release are trademarks or registered trademarks of their respective owners.
 
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D

Deleted member 118

Guest
Very excellent podcast and a must listen too.
Megachips and their launch in the USA.

F3E15436-BFB9-466F-B7B0-93E817357244.png
 
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manny100

Regular
Some companies caught up in SVB collapse include Roku, Roblox, Quotient, Sunnova, Sunrun & numerous US, Canadian, UK, German, Israeli, Chinese, Danish, Indian & Swedish startups.

“The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.”

The UK is just the beginning. SVB had branches in Canada, China, Denmark, Germany, India, Israel and Sweden, too. Founders are warning that the bank’s failure could wipe out startups around the world without government intervention.


Only banking related items I have identified for BRN is in last 4C.

BrainChip SAS has a secured overdraft facility with Credit Agricole, France, to the value of 20,000 Euros which incurs interest at 8.39%.

BrainChip Inc has an Irrevocable Standby Letter of Credit to the value of US$665,000 with First Republic Bank as security for the office lease. The Letter of Credit expires 31 May 2027 and incurs interest at 0.9%.

The Irrevocable Standby Letter of Credit as security for office lease is via the First Republic Bank so hopefully BRN hold their cash with them as well.

First Republic Bank says 'liquidity position remains very strong'​


investing-new.png
Stock Markets Mar 11, 2023 05:54

By Sam Boughedda

First Republic Bank (NYSE:FRC) shares plummeted more than 30% in Friday trading as the market reaction to the news surrounding SVB Financial Group (NASDAQ:SIVB) grows, but FRC said in a filing that its "liquidity position remains very strong."

SVB's meltdown began Thursday after it revealed it had to sell billions of dollars worth of securities at a loss and was seeking to raise $2.25 billion in equity to shore up its balance sheet.

Banking stocks plunged ahead of the weekend as investors fled the sector, with the Federal Deposit Insurance Corporation stating that SVB has been shut down by the California Department of Financial Protection and Innovation.

First Republic Bank, which at the time of writing is down 22% at $74.50, was just one of several bank stocks impacted, but it tumbled a significant amount due to fears about its position.

However, the bank said Friday that its "deposit base is strong and very-well diversified."

"First Republic's liquidity position remains very strong. Sources beyond a well-diversified deposit base include over $60 billion of available, unused borrowing capacity at the Federal Home Loan Bank and the Federal Reserve Bank," the company stated in the filing.

"First Republic's very high-quality investment portfolio is stable and represents a modest percentage of total bank assets," they added. "The investment portfolio is less than 15% of total bank assets. Of this, less than 2% of total bank assets is categorized as available for sale."

The bank concluded by saying it has "consistently maintained a strong capital position" and has a "long-standing track record of exceptional credit quality."
Fingers crossed we are not impacted financially by the SVB collapse.
If we are not impacted then we will see our start up competition seriously reduced.
This ironically should give us a boost.
 
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manny100

Regular
There should be an ann clarifying whether or not we are impacted at market open on Tuesday.
 
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I see Louis Di Nardo still holds 0.34% of BRN. Obviously still has a lot of faith in the business.
He would know where it is heading.
Hi @manny100

Yes Mr. Dinardo still holds in his own name but he originally had 11 million. He also had tens of millions of options. He clearly sold some part of those options when they vested to satisfy his immediate tax liability in the USA a subject covered before.

At the time of this sale he was under contract to Brainchip still as a consultant and bound by the companies rules for employee trading as well as the general rules relating to insider trading which also extend beyond employment.

The thing about the converted options was they never appeared in his name so I personally suspected that he, like Anil Mankar who he knew very well and who was partly behind him coming to Brainchip in the beginning, used a nominee account.

The use of nominee accounts is as you know a common occurrence particularly in the USA so it is very difficult to say whether Mr. Dinardo or anyone with less than a five percent holding has actually sold down or simply as part of a financial plan transferred all or part of their holding into a nominee account.

The sudden appearance of Citi Nominees as a major top 20 holder indicates that some large shareholdings were aggregated.

Perhaps Mr. Dinardo uses Citi Nominees or not. We just do not know.

My opinion only DYOR
FF

AKIDA BALLISTA
 
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I just emailed Jason at UCSC asking him about the specific SNN chip his research entailed, together with a few links to Brainchip. If he responds I will let you know. I did let him know I am a shareholder.
When the paper was published I found it and passed it on to Tony Dawe suggesting it might be something to follow up and I received an email back from Tony Dawe advising he had passed it on to Sales and Marketing.
My opinion only DYOR
FF

AKIDA BALLISTA
 
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Getupthere

Regular


What’s in the Boot? 🤔
 
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BaconLover

Founding Member
Screenshot 2023-03-12 1351381.png


As of 27/01/2023, I can see Citicorp nominees having 1 account at the top, above PVDM.

We used to have Robert Mitro, and his family with approximately 140 million shares up until 2 years ago, and when that disappeared, Citicorp appeared at the top.
Screenshot 2023-03-12 1408461.png



My assumption was that then Mitro family created that nominee account to park all their shares in one place.
Hence I believe LDN did sell some, from what I can see on paper looking at the numbers with no assumptions involved.
May be he has created another nominee account, but we don't know if he has or not.

Does not really matter either way, even our Founders have sold shares for a variety of reasons, so LDN is quite within his rights to do whatever he did.

My opinion only, dyor.
 
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