BRN Discussion Ongoing
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Makeme 2020
Regular
BRAINCHIP IS MENTIONED AS ARM PARTNER
GDJR69
Regular
Share price aside (which is a temporary malaise) I'd say things are going pretty well wouldn't you? It's increasingly clear that Brainchip's ambition for Akida to be the ubiquitous standard is slowing taking shape. Can there really be any doubt of substantial, I mean really substantial, revenue in the not-so-distant future? We can all see that on the horizon right? I certainly want to be around for that and confess I've even bought some more. 
stuart888
Regular
Happy times for Spiking Smarts, yeah Brainchip!Share price aside (which is a temporary malaise) I'd say things are going pretty well wouldn't you? It's increasingly clear that Brainchip's ambition for Akida to be the ubiquitous standard is slowing taking shape. Can there really be any doubt of substantial, I mean really substantial, revenue in the not-so-distant future? We can all see that on the horizon right? I certainly want to be around for that and confess I've even bought some more.
FabricatedLunacy
Regular
49% down in my portfolio…
Time to not look at the account for a while. I have confidence this will go up and beyond my modest expectations. But days like the last few have been interesting for ones conviction. I’m still 100% sure I make money back however. So it’s just a step back. Breath. And move on.
Time to not look at the account for a while. I have confidence this will go up and beyond my modest expectations. But days like the last few have been interesting for ones conviction. I’m still 100% sure I make money back however. So it’s just a step back. Breath. And move on.
If the three partnerships mentioned by Teksun are true, would not disclosing them now mean many people will remain privy to some pretty hot inside information? I mean finding out that Brainchip has partnered with Toshiba to integrate Akida into its products is reason enough for me top up on BRN. Toshiba sure do sell a lot of appliances that could benefit from Akida’s magic.
GazDix
Regular
Highlights from this podcast for me:
Jeff Herbst realized AI will take off and left Nvidia to go private with a partner.
'This will continue to go up and to the right' (Jeff talking about AI).
'You and I talk about this all the time' (Sean Hehir and Jeff obviously have a close relationship).
I like how they both explain how important the ecosystem is. 'We care about solutions and solving problems and not really the technology' (Herbst). This also helped me better understand why Brainchip were making all these partners.
Hehir specifically mentioned the automotive industry (in the last podcast Nandan mentioned this as well).
I felt like Jeff was talking to also to shareholders when he said you need patience from his experience at Nvidia.
He said:
‘AI is the most fundamentally most disruptive force anyone has seen in our lifetime’.
Paraphrasing this one:
‘Inference side is Brainchip’s competitive advantage.’
Hehir said: ‘We will have some interesting <stuff>, err comments coming out in the near future’ (regarding transformer models).
They both think that 2023 is a big year for the industry led by ChatGPT.
Jeff Herbst realized AI will take off and left Nvidia to go private with a partner.
'This will continue to go up and to the right' (Jeff talking about AI).
'You and I talk about this all the time' (Sean Hehir and Jeff obviously have a close relationship).
I like how they both explain how important the ecosystem is. 'We care about solutions and solving problems and not really the technology' (Herbst). This also helped me better understand why Brainchip were making all these partners.
Hehir specifically mentioned the automotive industry (in the last podcast Nandan mentioned this as well).
I felt like Jeff was talking to also to shareholders when he said you need patience from his experience at Nvidia.
He said:
‘AI is the most fundamentally most disruptive force anyone has seen in our lifetime’.
Paraphrasing this one:
‘Inference side is Brainchip’s competitive advantage.’
Hehir said: ‘We will have some interesting <stuff>, err comments coming out in the near future’ (regarding transformer models).
They both think that 2023 is a big year for the industry led by ChatGPT.
Fact Finder
Top 20
Back home on PC.
Much criticism has been levelled at Sean Hehir for not communicating with shareholders over the last several months and to some extent this type of criticism has been made since shortly after he took the reins at Brainchip.
My intention is not to debate the merits of the criticism suffice to say I on two occasions have made clear a concern I had about his communication style, but as I am just an old technophobe without any experience of running, for the sake of this discussion a Silicon Valley type technology start-up that originated from Australia currently listed on the ASX and intending to eventually launch on Nasdaq during a time of global turbulence with the major shareholders and founders looking over my shoulder, so I expressed those concerns directly to the company.
In expressing those concerns it was emphasised that the company was in the process of reinventing its corporate branding as a commercial entity and while it appeared to be taking backward steps these measures were essential if the end goals were to be realised.
I probably do not need to write that Tony Dawe has been under almost constant attack for the best part of six months from shareholders concerned about the direction of the company and that over this time the company has only poorly at one level communicated the importance of what was taking place to set the foundations for success.
These foundations can be summed up from the company's point of view in the one word "ECOSYSTEMS".
So if we look at the avalanche of news over the last couple of weeks, today's promise by Sean Hehir of more to come, and the focus of today's podcast fronted by Sean Hehir being "ECOSYSTEMS" and the qualifications of the guest to speak precisely on this point it is my impression that this podcast was Sean Hehir trying to explain to shareholders why the pain of the last 18 months since his appointment had been necessary.
I posted earlier a quote relating to competitors but the overall paper is about whether the world is ready for neuromorphic computing and in essence it does nothing if not make clear that in the absence of what Sean Hehir and his guest describe as "Ecosystems" an AKIDA technology revolution cannot take place.
Building these "ECOSYSTEMS" is not sexy, it does not bring in immediate income but without technology "ECOSYSTEMS" AKIDA will have no value to anyone.
Sean Hehir used at the AGM last year his three legged chair to describe what he was doing and how without one of the legs a three legged chair cannot stand or be of any use.
"ECOSYSTEMS" were one of the legs of this chair and today was Sean Hehir attempting to explain with the assistance of someone who has done it for Nvidia why taking the time to build "ECOSYSTEMS" to support AKIDA technology just had to be accomplished otherwise failure would be the outcome.
I hope that this podcast has drawn a line in the sand and that going forward we will see a change in the communication that takes place with shareholders and in this regard I am not talking about lots of IP licence agreements being announced what I am talking about is a less introspective style, one where Sean Hehir takes on fully the role of visionary CEO leading from the front confident that all the foundations needed including "ECOSYSTEMS" are firmly in place.
If this all sounds a bit Tesla-ish having a vision that shareholders, customers and "ECOSYSTEM" partners can embrace is in my opinion absolutely essential if Brainchip is to lead the Artificial Intelligence revolution and have the world follow AKIDA technology science fiction forward into the 4th Industrial Revolution.
Well you did ask.
My opinion only DYOR
FF
AKIDA BALLISTA
Last edited:
chapman89
Founding Member
Sean promised
Super sleuthing Steve,Synaptics is using DSP Group’s nNet Lite NN processor.
DBM10L
DSP Group’s DBM10L is an ultra-low-power, small-form-factor, cost-effective artificial intelligence (AI) and machine learning (ML) SoC based on a digital signal processor (DSP) and neural network (NN) engine, both optimized for voice and sensor processing. It is suitable for battery-operated devices such as smartphones, tablets, wearables, and hearables, including true wireless stereo (TWS) headsets, as well as smart home devices such as remote controls. The DBM10L can enable AI/ML, voice, and sensor fusion functions that include voice trigger (VT), voice authentication (VA), voice command (VC), noise reduction (NR), acoustic echo cancellation (AEC), sound event detection (SED), proximity and gesture detection, sensor data processing, and equalization.
The DBM10L’s NN engine comprises DSP Group’s nNet Lite NN processor, a standalone hardware engine that is designed to accelerate the execution of NN inferences. nNet Lite provides the DBM10L its ML capability and is optimized for maximum efficiency to ensure ultra-low power consumption for small- to medium-size NNs.
The DBM10L is supported by embedded memory, as well as serial and audio interfaces for communication with other devices in the system, such as an application processor (AP), codecs, microphones, and sensors.
DBM10L - DSP Group
DSP Group’s DBM10L is an ultra-low-power, small-form-factor, cost-effective artificial intelligence (AI) and machine learning (ML) SoC based on a digital signal processor (DSP) and neural network (NN) engine, both optimized for voice and sensor processing. It is suitable for battery-operated...www.dspg.com
DSP Group Unveils DBM10 Low-Power Edge AI/ML SoC with Dedicated Neural Network Inference Processor
January 7 2021, 13:00
DSP Group announced the DBM10, a new low-power, cost-effective artificial intelligence (AI) and machine learning (ML) system-on-chip (SoC). This new open platform, with a cost- and power-optimized architecture, enables rapid development of AI and ML applications for mobile, wearables, hearables, and connected devices in general. It provides a complete platform in terms of voice and audio processing, without compromising the battery life of new designs, and allowing developers to implement their own differentiating algorithms.
DSP Group is a global provider of wireless and voice-processing chipset solutions with extensive experience in voice implementation and an increasing focus in advanced audio processing for personal audio with hearables (headphones, headsets, earbuds) and wearables (on-body electronics). Its new DBM10 SoC comprises a digital signal processor (DSP) and the company’s nNetLite neural network (NN) processor, both optimized for low-power voice and sensor processing in battery operated devices.
This dual-core architecture offers developers with full flexibility of partitioning innovative algorithms between DSP and NN processor and enables fast time to market for integration of voice and sensing algorithms such as noise reduction, AEC, wake-word detection, voice activity detection and other ML models.
The DBM10 features an open platform approach with a comprehensive software framework. This allows developers to quickly get next-generation designs to market with their own algorithms, or with DSP Group’s comprehensive and proven suite of optimized algorithms for voice, sound event detection (SED), and sensor fusion, as required by applications ranging from true wireless stereo (TWS) headsets to smartphones, tablets, wearables, and connected devices.
"Edge applications for AI are many and diverse, but almost all require the ultimate in terms of low power, small form factor, cost effectiveness, and fast time-to-market, so we are very excited about what the DBM10 brings to current and new customers and partners," says Ofer Elyakim, CEO of DSP Group. "Our team has worked to make the absolute best use of available processing power and memory for low-power AI and ML at the edge — including developing our own patent-pending weight compression scheme —while also emphasizing ease of deployment. We look forward to seeing how creatively developers apply the DBM10 platform."
The DBM10 adds to DSP Group’s SmartVoice line of SoCs and algorithms that are deployed globally in devices ranging from smartphones and laptops/PCs, to set-top boxes, tablets, remote controls, and smart IoT devices for the home. In 2020, SmartVoice shipments reached the 100 millionth milestone, and the new low-power DBM10 is already supported by an established ecosystem of third-party algorithm providers. Some of these have already begun running their NN algorithms on the nNetLite NN processor at the heart of the DBM10 to achieve maximum performance at the lowest power consumption.
View attachment 32164
Working alongside a programmable low-power DSP, the nNetLite processor supports all standard deep NN (DNN) and ML frameworks and employs a comprehensive cross-platform toolchain for model migration and optimization. The SoC device is supplied in a highly-compact form factor (~4 mm2), specified to support ultra-low-power inference at ~500 μW (typical) for voice NN algorithms and being able to run Hello Edge 30-word detection model @ 1 MHz (125 MHz available) as a reference. The DBM10 allows porting of large models (10s of megabytes) without significant accuracy loss using model optimization and compression.
www.dspg.com
DSP Group Unveils DBM10 Low-Power Edge AI/ML SoC with Dedicated Neural Network Inference Processor
DSP Group announced the DBM10, a new low-power, cost-effective artificial intelligence (AI) and machine learning (ML) system-on-chip (SoC). This new open platform, with a cost- and power-optimized architecture, enables rapid development of AI and ML applications for mobile, wearables, hearables...audioxpress.com
Hisense Selects Synaptics’ DBM10L Processor For First AI-Enabled Always-On Voice Remote Control
AMSTERDAM, The Netherlands, Sept. 09, 2022 – Synaptics® Incorporated (Nasdaq: SYNA) today announced that Hisense, a global leader in consumer electronics and home appliances, selected the DBM10L with its dedicated neural processing unit (NPU) to implement the first artificial intelligence (AI)-enabled always-on voice (AOV) remote control unit (RCU), the EFR3B86H. Hisense paired the DBM10L-equipped RCU with its state-of-the-art 65A9H 4K OLED TV, where Synaptics' high-performance edge-AI processing and low power are vital to ensure the ultimate AOV end-user experience.
“Hisense consistently stays ahead of the curve when it comes to enabling innovative and intuitive features,” said Venkat Kodavati, SVP and Chief Product Officer at Synaptics. “With end users’ increasing reliance upon voice and voice assistants such as Alexa, we are very excited to have worked with them to bring that same experience to TV remote controls. Our collaboration on a high-performance AOV implementation creates the opportunity for remotes to now become a more integral and critical user-engagement platform for the smart home.”
While a reliable and responsive AOV experience for remote controls is increasingly desirable, it is challenging to execute in battery-driven applications. “This is particularly true in noisy environments as more noise translates to more power consumption to prevent performance degradation,” said Shay Kamin Braun, Director of Product Marketing at Synaptics.
The DBM10L enables a superior AOV user experience that combines high performance with ultra-low power consumption, allowing devices to operate for extended periods using a single pair of AAA batteries. “Along with upcoming innovations such as biometrics for voice authentication for online purchases, AOV remote controls for TVs and other consumer devices can now provide greater convenience for users and higher attachment rates for equipment and service providers,” said Kamin Braun.
The DBM10L AOV solution
To solve the power consumption challenge while delivering the best performance for AOV applications, Synaptics built an ultra-low-power voice engine around its DBM10L system-on-chip (SoC), which combines the dedicated NPU with a low-power DSP. The solution comprises the DBM10L and proven algorithms for filtering, noise suppression, beamforming, wake word detection, and voice activity detection. Optimizations allow deep neural network (DNN)-based wake-word detection and other edge AI algorithms to run on the DBM10L's NPU, targeting high performance at ultra-low power with low latency, while different voice and audio processing algorithms run optimally on the integrated low-power DSP.
Availability
The EFR3B86H AOV remote control is shipping now with the Hisense TV model 65A9H. For more information on the DBM10L, visit the DBM10L webpage or contact your local Synaptics sales representative.
For more about the potential of AOV RCUs and how they are changing how we interact with home devices, see “Always-On Voice Makes Content Control Seamless and Intuitive”.
About Hisense
Founded in 1969, Hisense is one of the largest consumer electronics and home appliances companies in the world. Hisense offers a broad range of technology-driven products that are manufactured and distributed across the world, including smart TVs, smart phones, refrigerators, freezers, and air conditioners, among other products. Hisense has a workforce of over 70000 worldwide, and its flat-panel TV market share in China has been No.1 for 13 consecutive years. Currently, Hisense boasts several subsidiaries, with sales revenue reaching CNY 100.3 billion in 2016. For more, visit www.hisenseme.com.
Press Release | Hisense Selects Synaptics’ DBM10L Processor For First AI-Enabled Always-On Voice Remote Control | Synaptics
AMSTERDAM, The Netherlands, Sept.www.synaptics.com
DSP Gp's NN uses single bit synchronous rate coding with leaky-integrate-and-fire;
US11087205B2 Neural cell and a neural network
US201762449129P·2017-01-23; US201815877459A·2018-01-23
[0043] The neuron cell has the following features:
a. The neuron cell is a synchronous digital design that may be operated on a single clock as a time-base.
b. The neuron cell output spike may be synchronized with the system clock and may last a single cycle.
c. The neuron cell “output level” may be defined linearly by its spike rate which ranges between 0 and a global maximum spike-rate (which is an integer division of the system clock frequency), which represents the level 1. During each second the neuron cell performs multiple processing iterations and the outcome of each processing iteration may be a single output pulse. The spike rate is the number of output pulses per second.
d. The inter-connection between two neuron cells within the network may be via a single wire.
e. Synapses weights are multi-bit words and are kept in a neuron dedicated memory (such as a ROM or non-volatile memory)
f. Each neuron cell may incorporate a leaking integrator with a time-constant that is controlled by a parameter alpha (α) that may be predefined and/or may be changed.
g. A pseudo-random generator logic that exists inside each neuron facilitates the implementation of smooth activation function and spreading the spike timings in a minimum cost of silicon area.
h. The neuron activation function defines the average spike rate at the neuron output versus the sum of its internal integral value and the bias theta. One or more different known activation functions (for example between one to three) can be selected, based on the nature of a random variable probability distribution function. Since the activation functions that are implemented are known in the literature, existing Deep-Learning tools can be used for designing the whole network. There is no need to make any modifications to these Deep-Learning tools in order to fit them to the nature of the proposed h/w neuron.
i. A neuron network that includes the neuron cell occupies relatively small silicon area, runs on a slow clock, and consumes ultra-low power.
That's a bit early in the production line to detect me.
Evermont
Stealth Mode
Also from Teksun partner page.
‘MegaChips is a transformational deal for BrainChip, and I’m not sure if the market fully appreciates that yet, but they will in time’
I sense the 'time' referred to is fast approaching.
NB - great post above @Fact Finder. Brakes would appear to be off now.
‘MegaChips is a transformational deal for BrainChip, and I’m not sure if the market fully appreciates that yet, but they will in time’
I sense the 'time' referred to is fast approaching.
NB - great post above @Fact Finder. Brakes would appear to be off now.
Fact Finder
Top 20
Fingers so tightly crossed that if I could get them any tighter they would be out of place but lets hope that is the case.
And as for MegaChips a few of us have been beating that drum to a deaf audience for months and months. Let us hope that they will finally hear.
My opinion only DYOR
FF
AKIDA BALLISTA
FrederikSchack
Regular
Wisdom Tree AI only mentions two companies making Neuromorphic chips (click "All Holdings" to see).
www.wisdomtree.com
It's Brainchip and Qualcomm.
We still don't know if Qualcomm uses Akida IP.
WTAI - WisdomTree Artificial Intelligence and Innovation Fund | WisdomTree
Invest in the WisdomTree Artificial Intelligence and Innovation Fund. This ETF provides exposure to AI companies that are primarily involved in the investment theme of AI and Innovation.
It's Brainchip and Qualcomm.
We still don't know if Qualcomm uses Akida IP.
buena suerte :-)
BOB Bank of Brainchip
Hey Chippers,Back home on PC.
Much criticism has been levelled at Sean Hehir for not communicating with shareholders over the last several months and to some extent this type of criticism has been made since shortly after he took the reins at Brainchip.
My intention is not to debate the merits of the criticism suffice to say I on two occasions have made clear a concern I had about his communication style, but as I am just an old technophobe without any experience of running, for the sake of this discussion a Silicon Valley type technology start-up that originated from Australia currently listed on the ASX and intending to eventually launch on Nasdaq during a time of global turbulence with the major shareholders and founders looking over my shoulder, so I expressed those concerns directly to the company.
In expressing those concerns it was emphasised that the company was in the process of reinventing its corporate branding as a commercial entity and while it appeared to be taking backward steps these measures were essential if the end goals were to be realised.
I probably do not need to write that Tony Dawe has been under almost constant attack for the best part of six months from shareholders concerned about the direction of the company and that over this time the company has only poorly at one level communicated the importance of what was taking place to set the foundations for success.
These foundations can be summed up from the company's point of view in the one word "ECOSYSTEMS".
So if we look at the avalanche of news over the last couple of weeks, today's promise by Sean Hehir of more to come, and the focus of today's podcast fronted by Sean Hehir being "ECOSYSTEMS" and the qualifications of the guest to speak precisely on this point it is my impression that this podcast was Sean Hehir trying to explain to shareholders why the pain of the last 18 months since his appointment had been necessary.
I posted earlier a quote relating to competitors but the overall paper is about whether the world is ready for neuromorphic computing and in essence it does nothing if not make clear that in the absence of what Sean Hehir and his guest describe as "Ecosystems" an AKIDA technology revolution cannot take place.
Building these "ECOSYSTEMS" is not sexy, it does not bring in immediate income but without technology "ECOSYSTEMS" AKIDA will have no value to anyone.
Sean Hehir used at the AGM last year his three legged chair to describe what he was doing and how without one of the legs a three legged chair cannot stand or be of any use.
"ECOSYSTEMS" were one of the legs of this chair and today was Sean Hehir attempting to explain with the assistance of someone who has done it for Nvidia why taking the time to build "ECOSYSTEMS" to support AKIDA technology just had to be accomplished otherwise failure would be the outcome.
I hope that this podcast has drawn a line in the sand and that going forward we will see a change in the communication that takes place with shareholders and in this regard I am not talking about lots of IP licence agreements being announced what I am talking about is a less introspective style, one where Sean Hehir takes on fully the role of visionary CEO leading from the front confident that all the foundations needed including "ECOSYSTEMS" are firmly in place.
If this all sounds a bit Tesla-ish having a vision that shareholders, customers and "ECOSYSTEM" partners can embrace is in my opinion absolutely essential if Brainchip is to lead the Artificial Intelligence revolution and have the world follow AKIDA technology science fiction forward into the 4th Industrial Revolution.
Well you did ask.
My opinion only DYOR
FF
AKIDA BALLISTA
Just got back to reading posts today... have had a mini hiatus since last Friday; needed to clear some(Lots of) head space
with all that has been going on in the last few weeks!! 
....Wow sooooooo much to catch up on! New partnerships/connections coming up in all directions and we are getting so much publicity! It's an understatement to say I/We are very frustrated with the SP but with all these dots getting firmly connected and IMO many announcements coming our way we will no doubt see a reversal in the SP VERY SOON!! 
Especially if this post get confirmed (Thanks @stuart888
)
raybot
Member
Great find Stuart, I had wondered when Cisco would re-emerge.
Has anyone else noticed the increasing frequency of these partners connection reveals ?
Look like the synapses are converging on the neurons within the Brain
Forget the market machinations, take optimism from what our company is achieving
buena suerte :-)
BOB Bank of Brainchip
Very much looking forward to the day we get MANY slots on this show going through the many episodes of;
'The Brainchip story'
From a little Perth startup to Global leader in Ai neuromorphic technology
on-chip processing and learning.
BrainChip’s vision is to make AI ubiquitous through innovation that accelerates personalized artificial intelligence everywhere. Hence, Akida technology is inspired by the brain, the most efficient cognitive “processor” that we know of. It’s the result of more than 15 years of AI architecture research and development by
BrainChip co-founders Peter Van Der Made (CTO) and Anil Mankar (CDO) along with their team of neuromorphic experts.
They’ve been developing and continuously improving this technology for extremely efficient AI inference and learning. That’s the foundation for Akida products, developed at various centers of engineering excellence in Australia, USA, France, and India. Akida continues to learn from experience and evolve, autonomously, like the human brain, in pace with the industry.
At BrainChip, we deliver efficient AI performance at the Edge, thus enabling intelligent devices and applications.
'The Brainchip story'
From a little Perth startup to Global leader in Ai neuromorphic technology
We’re on a mission.
To make every device with a sensor AI-smart.
We’re the worldwide leader in edge AIon-chip processing and learning.
THE VISIONBrainChip’s vision is to make AI ubiquitous through innovation that accelerates personalized artificial intelligence everywhere. Hence, Akida technology is inspired by the brain, the most efficient cognitive “processor” that we know of. It’s the result of more than 15 years of AI architecture research and development by
BrainChip co-founders Peter Van Der Made (CTO) and Anil Mankar (CDO) along with their team of neuromorphic experts.They’ve been developing and continuously improving this technology for extremely efficient AI inference and learning. That’s the foundation for Akida products, developed at various centers of engineering excellence in Australia, USA, France, and India. Akida continues to learn from experience and evolve, autonomously, like the human brain, in pace with the industry.
At BrainChip, we deliver efficient AI performance at the Edge, thus enabling intelligent devices and applications.
MaxwellAnne
Regular
Its pretty clear from the very general statement that he has no understanding of what BrainchipWhy are we censoring links???
Here is the content:
Australian businesses adopting AI tech to bolster revenue, but challenges remain
ASX News, Technology
Louis AllenMarkets Reporterlouis.allen@***************.com.au15 March 2023 05:59(AEDT)
3 mins
https://***************.com.au/wp-c...HOTO-ILLUSTRATIONS-1280x720-800x430.jpgSource: Jakub Porzycki via Reuters Connect
Subscribe
Be the first with the news that moves the market
Artificial intelligence (AI) is transforming the way businesses operate across the globe, with an increasing number of companies adopting the technology to gain a competitive edge in today’s digital landscape.
Companies across an array of sectors are using AI technologies to grow revenue and improve efficiency across their operations.
In Australia, the National AI Centre (NAIC) was set up to further develop the country’s AI and digital ecosystem. It’s funded by the Australian government and coordinated by the national science agency, CSIRO.
Recently, the NAIC released the ‘Australia’s AI ecosystem momentum’ report, which looked into the experiences of 200 information technology and business decision-makers and AI service providers to better understand AI adoption across businesses in Australia.
The report was commissioned by the NAIC and prepared by Forrester Consulting.
Findings of the report
The AI ecosystem momentum report highlighted the growing appetite for AI use across Australian businesses but revealed certain barriers to implementing the solutions.
“Our research shows Australian businesses reported an average revenue growth of $361,315 for each AI-enabled solution that was implemented, regardless of which part of the business these efforts were targeted,” National AI Centre Director Stela Solar said.
“Over 80 per cent of businesses surveyed expected their year-on-year revenue to grow, with technology at the centre of their growth strategies,” she said.
Despite that, the report found that AI strategies were actually quite difficult to deliver.
From the results, a majority of respondents required engaging at least four AI technology and service providers to carry out an AI project, while 28 per cent of respondents reported working with more than six providers. Just 17 per cent worked on projects with a single provider.
This led the NAIC to believe that the successful implementation of AI strategies was a collaborative effort, and “businesses should be comfortable with the idea of working alongside several providers to ensure they get complete solutions that deliver business outcomes”.
Australia’s significant AI players
Many companies worldwide are making investments in AI initiatives and programs in an effort to revolutionise business operations for the better.
Additionally, universities and research institutions are making significant strides in the field of AI, further fueling the growth of the industry.
In Australia, there are a number of players that stand to benefit from growing AI adoption, including ASX-listed Appen (APX), Nuix (NXL), Megaport (MP1), WiseTech Global (WT1), Brainchip (BRN) and Unith (UNT), among others.
Appen is a leading provider of high-quality training data for machine learning and artificial intelligence algorithms. As more businesses start to adopt AI, so will the demand for high-quality training in the new era of tech.
Nuix provides software that helps organisations investigate and analyse large amounts of data quickly and efficiently. The company’s software incorporates artificial intelligence and machine learning technologies.
Brisbane-based Megaport offers software-defined networking services, which enable businesses to connect their IT infrastructure to the cloud. As more businesses adopt AI and cloud computing, the demand for Megaport’s services is expected to increase.
ASX-200 giant WiseTech Global provides software solutions for the logistics industry, including AI-powered tools that help businesses optimise supply chains.
BrainChip is a provider of AI-powered semiconductor technology that can be used in various ways, including surveillance, autonomous vehicles, and industrial automation.
Amsterdam-based Unith is capitalising on the rapidly-growing global AI service market with its innovative Talking Head platform.
The Talking Head transforms the way businesses communicate with customers by allowing for real-time conversations, in multiple languages and through a full-stack platform, all powered by AI.
As AI adoption continues to grow across Australia and the globe, companies are discovering that successful implementation requires a collaborative approach with multiple providers to deliver complete solutions that help enable optimal business outcomes.
This trend is expected to continue as more businesses seek to leverage the benefits of AI to improve business operations.
offers
HopalongPetrovski
I'm Spartacus!
Don't sweat it Brother.
I just had a quick look back at my records and note that I spent most of 2016, 2017, 2018, 2019 underwater ranging from 15 - 63% down.
Wasn't really till mid 2020 that I got to breathe again and have been in positive territory, sometimes spectacularly so, ever since.
And we know those times will come again.
We are on the good ship Brainchip and whilst we are currently in somewhat choppy waters with an annoying headwind and enduring the merciless privations of pirates, we are on a sound vessel with an excellent Skipper and crew, guided by our proven North star, PVDM.
Our turbines are now firing up and at some point soon we will be making solid headway again, leaving the detritus and stench of the malodorous rat people behind, free to devour each other.
We are on our way to the promised land and we who have endured have earned the right to a prosperous future.
Bring it, Brainchip!
Bravo
If ARM was an arm, BRN would be its biceps💪!
Oh dear. That's a bit embarrassing. Better call Saul BrainChip!
The article states "Tesla's name for its trademark driver-assistance system lacks “common sense,” according to the country’s top transportation regulator."
https://www.bloomberg.com/news/arti...s-name-buttigieg-says?leadSource=uverify wall
The article states "Tesla's name for its trademark driver-assistance system lacks “common sense,” according to the country’s top transportation regulator."
https://www.bloomberg.com/news/arti...s-name-buttigieg-says?leadSource=uverify wall
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