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Technion & Pfizer to Collaborate
Collaboration framework agreement between the Technion and Pfizer signed to accelerate scientific breakthroughs
www.technion.ac.il
Thnx @Mazewolf![]()
SpikeGPT: researcher releases code for largest-ever spiking neural network for language generation
Assistant Professor of Electrical and Computer Engineering Jason Eshraghian and two students recently released the open-sourced code for the largest language-generating spiking neural network ever, named SpikeGPT.news.ucsc.edu
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.
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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.Thnx @Mazewolf
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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
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.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.
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Silicon Valley Bank fallout spreads around the world as UK firms plead for help
Silicon Valley Bank s UK unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. Startup founders are panicking about accessing money and paying employees.economictimes.indiatimes.com
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'
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."
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.“We’re excited to take part in this ground-breaking demonstration”
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Fingers crossed we are not impacted financially by the SVB collapse.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.
![]()
Silicon Valley Bank fallout spreads around the world as UK firms plead for help
Silicon Valley Bank s UK unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. Startup founders are panicking about accessing money and paying employees.economictimes.indiatimes.com
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'
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."
Hi @manny100I 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.
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.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.