BRN Discussion Ongoing

[BaconLover]

The Capital Call Notice pricing period will begin upon exercise of the put option on or around 11 January, with an anticipated ending date in late March or early April, subject to adjustments based on the share price performance throughout the pricing period.

Hopefully this should be done in a couple of weeks time. May be 3 weeks if the anticipated ending date extends to early April.

As to the share price discussions, I reckon I would discuss it here, after all it is Brainchip's share price we are discussing.
If we can discuss BRN's future possible market cap, based on PE figures, and other factors, I don't see why we cannot discuss current share price. Totally fair in my view, and I am hoping Dreddb0t agrees. Brainchip's share price is not off topic in BRN discussion thread. Especially when we discuss the ''hopeful'' share price in 2030 and beyond with huge numbers, it is always an eye opener and humbling to see what the SP actually is.

 

[Slade]

The Brainchip LDA Capital notification:

Sydney – 10 January 2023 – BrainChip Holdings Ltd (ASX: BRN), a leading provider of ultra-low power, high-performance AI processor technology today announced that

the company has submitted a capital call notice to LDA Capital Limited and LDA Capital LLC (LDA) to subscribe for up to 30,000,000 shares with an option for LDA to subscribe up to an additional 10,000,000 shares subject to company approval.

The terms of the Put Option Agreement between the Company and LDA were announced to ASX on 13 August 2020 and 26 October 2020 (First Amendment) and again on 13 October 2021 (Second Amendment).

The Capital Call Notice pricing period will begin upon exercise of the put option on or around 11 January, with an anticipated ending date in late March or early April, subject to adjustments based on the share price performance throughout the pricing period.

The issue price for the capital call shares will be 91.5% of the higher of the average daily VWAP of shares over the pricing period (subject to any applicable adjustments) and the minimum price notified to LDA Capital by the Company.

As of the date of the capital call notice, available funding under the agreement amounts to $27.9M while the company is committed to drawing down a minimum of $15 M no later than 31 December 2023.“The proceeds raised from the capital call will be used to accelerate our innovation of the groundbreaking Akida technology as we extend our industry leadership in Edge AI. In 2023 the company will tape out another chip and release significant enhancements to our IP offering”, said BrainChip CEO Sean Hehir. Mr. Hehir went on to say “Additionally, we will further expand our go-to-market capabilities by hiring sales personnel in key international markets, as well as increase our domestic sales and marketing headcount.”

So LDA Capital on about 11.1.23 commenced selling in an effort to dispose of 30 million shares at or above the minimum price notified by Brainchip.

If they sold a miserable one million shares every trading day it would take 30 days according to the mathematical genius Blind Freddie.

Today we are around 49 trading days from 11.1.23 yet we have two to three weeks of dumping still to go???

To have two to three weeks LDA Capital would need to have been selling a tiny half a million shares each trading day as this would take 60 days according to Blind Freddie.

I doubt that if every one of the last 49 days someone selling 500,000 shares to crush the price would do so particularly sprinkled over the whole trading day.

Of course sprinkled they would be as the interests of LDA Capital align with Brainchip. LDA Capital get 8.5% of the sale price and can only sell if the sale price available is above the minimum set by Brainchip.

Driving down the price below the set price would mean that LDA Capital would loose money.

This coalition of the interests of LDA Capital, Brainchip and shareholders is what distinguishes this method from every other generally employed method available for raising capital.

My opinion only DYOR
FF

AKIDA BALLISTA

Thank you FF. I believe that there may be some people who have a misunderstanding about Brainchip's and LDA's agreement. If they still have have concerns I recommend that they contact Tony.

 

[Slade]

I am fine with whatever everyone else agrees on. I thought having the other thread worked well and helped keep this thread focused on facts and research. Personally I don't like reading about other people's fears about the share price, unless they can support why they are worried with some decent research.

 

[Steve10]

Round 1 between Hailo & BRN has been won by BRN. Renesas who is partnered with both chose BRN IP for their new RA series MCU based on ARM Cortex-M85.

Round 1 between SynSense & BRN appears to be going in favour of BRN. Prophesee is partnered with both & appears will choose the BRN IP. BRN is a superior product more suited to Prophesee's metavision sensor & SynSense released Speck using IniVation's (Prophesee competitor) sensor instead of Prophesee's sensor.

 

[Fact Finder]

“Mercedes-Benz and partners at SXSW: outlook on innovative technologies and autonomous driving​

Mar 21, 2023
Austin/Texas

Press Contact (2)​

Markus Schäfer, Mercedes-Benz’s CTO, visited the 2023 South By Southwest® (SXSW®) Conference to discuss the future and current state of automated driving with its technology partners Austin Russell, CEO & founder of Luminar and RJ, CEO of ZYNC. Attendees learned how automotive technology is enriching customers' lives and providing more time to do the things they love, like connecting with friends and family, listening to music, or watching movies.
Participants discovered innovative technologies seamlessly integrated with timeless automotive design, including chip-to-cloud architecture that enables the safety, security, scalability, and connectivity needed for future automated driving and infotainment features.
Markus Schäfer explained how Mercedes-Benz gives back valuable time to customers who are using the conditionally automated driving system DRIVE PILOT[1] that has been launched in Germany in May 2022 and will hit U.S. roads in Nevada and California later this year.
[1] Conditionally automated driving under certain conditions, esp. in heavy traffic or congestion situations on suitable motorway sections up to a speed of 60 km/h. Availability and use of DRIVE PILOT features on motorways depends on options, countries and applicable laws.”

 

[Fact Finder]

Round 1 between Hailo & BRN has been won by BRN. Renesas who is partnered with both chose BRN IP for their new RA series MCU based on ARM Cortex-M85.

Round 1 between SynSense & BRN appears to be going in favour of BRN. Prophesee is partnered with both & appears will choose the BRN IP. BRN is a superior product more suited to Prophesee's metavision sensor & SynSense released Speck using IniVation's (Prophesee competitor) sensor instead of Prophesee's sensor.

Absolutely correct.

Just think about what certain posters would now be saying if the SynSense shoe was on the Brainchip foot.

What if Brainchip, like SynSense had hooked up with Prophesee first.

Then six months later Prophesee’s CEO came out and said until we hooked up with SynSense we were only half the solution and could not realise our technology’s potential.

These posters would be running around like Chicken Little claiming the sky was falling.

Instead Prophesee by logical extension pours cold water all over SynSense and lauds Brainchip AKIDA as it’s perfect match, the Ying to its Yang, the Juliet to its Romeo, its winged keel to its 12 metre Americas Cup Challenger and they ignore the significance.

Can this truly be a genuine reaction or one motivated by other interests.

My opinion only DYOR
FF

AKIDA BALLISTA

 

[FrederikSchack]

There's also Hailo & GrAI Matter Labs. They sell chips so will be more difficult to scale as you have mentioned.

The World’s Top Performing Edge AI Processor For Edge Devices

Hailo have developed the best performing AI processors for edge devices. Our AI accelerator chips are used for Smart City & Homes, machine learning, automotive AI, retail AI and smart factory Industry 4.0 solutions.

hailo.ai

GrAI Matter Labs | Fastest Edge AI Processor

GrAI Matter Labs has created the fastest edge AI processor for machine vision in robotics, AR/VR, drones and more. It achieves ultra-low latency at low power by leveraging sparsity.

www.graimatterlabs.ai

Akida appears to be unique with learning capabilities & IP business model can be scaled rapidly.

Akida could become the dominant processor similar to ARM due to lack of competitors & superior product.

Intel could advance their Loihi chips & IBM could advance their True North chips in a few years providing more competition along with a few new start ups should their technology prove to be as good or superior to Akida. However, Akida should have a commanding market share by the time the others catch up with their tech.

In the next few years we could probably allow 50% market share for BRN due to limited competition. Will also depend on whether or not the majority of AI applications require Akida's learning feature. There may be many basic AI applications that don't require the learning feature or vice versa.

I am being conservative with 10-20% long term market share & will not be surprised if it's much higher.

I think GraAI Matter Labs really have something going for them. They also sell IP through ARM and Synopsys. They have a configuration that supports up to 18 million neurons. This is surprising considering a couple of years ago, they only supported around 200.000 neurons. I know the count of neurons is not a way to measure performance, but it is an indication of the size of network they can handle.

It looks like it's going to be a fight between GrAI Matter Labs and Brainchip.

Being a public company probably helps spreading the word:

 

[TechGirl]

Just received BrainChip March newsletter & this has peaked my interest.

On the Road Again​

The BrainChip team traveled to Nuremberg, Germany for EmbeddedWorld 2023, where we showcased our 2nd generation Akida™ platform. Akida processors power next-generation edge AI in a range of industrial, home, automotive, and scientific environments. BrainChip was a member at the TinyML.org pavilion along with our partner, Edge Impulse, demonstrating Akida in action. Coverage from the event will be picking up in the coming days and weeks regarding Akida’s fully digital, customizable, event-based neural processor and IP, which is ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. This trip kickstarted a pretty active spring of events.

 

[DK6161]

Just received BrainChip March newsletter & this has peaked my interest.

On the Road Again​

The BrainChip team traveled to Nuremberg, Germany for EmbeddedWorld 2023, where we showcased our 2nd generation Akida™ platform. Akida processors power next-generation edge AI in a range of industrial, home, automotive, and scientific environments. BrainChip was a member at the TinyML.org pavilion along with our partner, Edge Impulse, demonstrating Akida in action. Coverage from the event will be picking up in the coming days and weeks regarding Akida’s fully digital, customizable, event-based neural processor and IP, which is ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. This trip kickstarted a pretty active spring of events.

My interest peaked based on what being sampled in this photo. No offence to Akida but my tastebud can go further and identify which one is the best .
Note however that unlike Akida, I consume a lot of energy to be this good

 

[Diogenese]

I think GraAI Matter Labs really have something going for them. They also sell IP through ARM and Synopsys. They have a configuration that supports up to 18 million neurons. This is surprising considering a couple of years ago, they only supported around 200.000 neurons. I know the count of neurons is not a way to measure performance, but it is an indication of the size of network they can handle.

It looks like it's going to be a fight between GrAI Matter Labs and Brainchip.

Being a public company probably helps spreading the word:

View attachment 32740

Yes. I have long thought that Grai Matter and Hailo would be likely competitors.

from a 2020 article:

Spiking Neural Networks: Research Projects Or Commercial Products?
Opinions differ widely, but in this space that isn’t unusual.
MAY 18TH, 2020 - BY: BRYON MOYER

Spiking Neural Networks: Research Projects or Commercial Products?

Opinions differ widely, but in this space that isn't unusual.

semiengineering.com

...
All of these coding approaches aside, GrAI Matter uses a more direct approach. “We encode values directly as numbers – 8- or 16-bit integers in GrAI One or Bfloat16 in our upcoming chip. This is a key departure from other neuromorphic architectures, which have to use rate or population or time or ensemble codes. We can use those, too, but they are not efficient,” said Tapson (GraiMatter CSO).

GraiMatter use a time-multiplexed SNN arrangement, where a shared processor plays an integral part in the processing of each event.

GraiMatter:-
WO2020025680A1 DATA PROCESSING MODULE, DATA PROCESSING SYSTEM AND DATA PROCESSING METHOD

A neuromorphic processing module (1) for time-multiplexed execution of a spiking neural network is provided that comprises a plurality of neural units. Each neural unit is capable of assuming a neural state, and has a respective addressable memory entry in a neuron state memory unit (11) for storing state information specifying its neural state. The state information for each neural unit is computed and updated in a time-multiplexed manner by a processing facility (10, neural controller) in the processing module, depending on event messages destined for said neural unit. When the processing facility computes computing that an updated neural unit assumes a firing state, it resets the updated neural unit to an initial state, accesses a respective entry for the updated neural unit in an output synapse slice memory unit, and retrieves from said respective entry an indication for a respective range of synapse indices, wherein the processing facility for each synapse index in the respective range accesses a respective entry in a synapse memory unit, retrieves from the synapse memory unit synapse property data and transmits a firing event message to each neural unit associated with said synapse property data.

...
One approach is to mimic such a complex system with a time-multiplexed design wherein a plurality of neural units share a processing facility. Since digital hardware can run orders of magnitudes faster than the speed at which biological neurons work the shared processing facility can realistically emulate neuron behavior, while this approach saves space to implement a higher density of virtual neurons and their synapses.

...

1. A neuromorphic processing module (1) for time-multiplexed execution of a spiking neural network comprising a plurality of neural units, each neural unit being capable of assuming a neural state selected from a plurality of states comprising an initial state, one or more transitional states and a firing state, each neural unit having a respective addressable memory entry in a neuron state memory unit (11) for storing state information specifying its neural state, the state information for each neural unit being computed and updated in a time- multiplexed manner by a processing facility (10) incorporated in said processing module, depending on event messages destined for said neural unit, wherein

the processing facility

upon computing that an updated neural unit assumes the firing state,

resets the updated neural unit to the initial state,

accesses a respective entry for the updated neural unit in a output synapse slice memory unit,

and retrieves from said respective entry an indication for a respective range of output synapse indices,

wherein the processing facility for each output synapse index in the respective range:

accesses a respective entry in an output synapse memory unit (13),

retrieves output synapse property data from said respective entry,

the output synapse property data specifying a transmission delay and a respective input synapse index corresponding to a respective entry in an input synapse memory unit (14), the respective entry in the input synapse memory unit comprising a reference to an associated neural unit; and

transmits a firing event message to the associated neural unit with the specified delay.

 

[Diogenese]

Just received BrainChip March newsletter & this has peaked my interest.

On the Road Again​

The BrainChip team traveled to Nuremberg, Germany for EmbeddedWorld 2023, where we showcased our 2nd generation Akida™ platform. Akida processors power next-generation edge AI in a range of industrial, home, automotive, and scientific environments. BrainChip was a member at the TinyML.org pavilion along with our partner, Edge Impulse, demonstrating Akida in action. Coverage from the event will be picking up in the coming days and weeks regarding Akida’s fully digital, customizable, event-based neural processor and IP, which is ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. This trip kickstarted a pretty active spring of events.

There's that "Built on ARM Official Partners" gizmo again ... and astronaut Spike.

 

[KMuzza]

There's that "Built on ARM Official Partners" gizmo again ... and astronaut Spike.

YES - A BRAINCHIP PCLE - Check out the library - it is all there.

wait until the Akida 1500 has been released and watch the customers sign up.

AKIDA BALLISTA UBQTS

 

[KMuzza]

OH yes and - and it's built on ARM - Official Partner.-

AKIDA BALLISTA UBQTS

 

[mrgds]

There's that "Built on ARM Official Partners" gizmo again ... and astronaut Spike.

Ive always seen the astronaut as "Ken "
Thought Akida was "Spike " ............................
And, i see they have learnt their lesson with the tablecloth ............................

AKIDA BALLISTA

 

[Violin1]

I will visit the shop next week! I will be for a Business trip there! Unfortunately, the cherry blossoms season was very early this year!

There is still snow on the beach in Aomori so sakura not blooming yet. Even next week may be too early.

 

[Fox151]

Just received BrainChip March newsletter & this has peaked my interest.

On the Road Again​

The BrainChip team traveled to Nuremberg, Germany for EmbeddedWorld 2023, where we showcased our 2nd generation Akida™ platform. Akida processors power next-generation edge AI in a range of industrial, home, automotive, and scientific environments. BrainChip was a member at the TinyML.org pavilion along with our partner, Edge Impulse, demonstrating Akida in action. Coverage from the event will be picking up in the coming days and weeks regarding Akida’s fully digital, customizable, event-based neural processor and IP, which is ideal for advanced AI/ML devices such as intelligent sensors, medical devices, high-end video-object detection, and ADAS/autonomous systems. This trip kickstarted a pretty active spring of events.

I think I know why the share price is falling - someone left the table cloth behind! Someone should contact BRN and ask where the ASX announcement about the missing table cloth is.

 

[Makeme 2020]

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[Foxdog]

Absolutely correct.

Just think about what certain posters would now be saying if the SynSense shoe was on the Brainchip foot.

What if Brainchip, like SynSense had hooked up with Prophesee first.

Then six months later Prophesee’s CEO came out and said until we hooked up with SynSense we were only half the solution and could not realise our technology’s potential.

These posters would be running around like Chicken Little claiming the sky was falling.

Instead Prophesee by logical extension pours cold water all over SynSense and lauds Brainchip AKIDA as it’s perfect match, the Ying to its Yang, the Juliet to its Romeo, its winged keel to its 12 metre Americas Cup Challenger and they ignore the significance.

Can this truly be a genuine reaction or one motivated by other interests.

My opinion only DYOR
FF

AKIDA BALLISTA

They'd be freaking out FF. But we do need to see this validation of AKIDA by our partners converted into revenue streams. Doesn't even need to be that much to start with - just sufficient to cover annual operating expenses. It would certainly take the pressure off and de-risk the company in the eyes of the general investment community. We might then be on the way to the magic figure of $2.75

 

[cosors]

A compromise proposal by the EU Commission regarding e-fuels states that the vehicle must recognize whether e-fuels are being refueled or conventional fuels. I know of a sensor ~system that can taste and smell. A new field for Akida when it comes? Brand new, submitted today.

 

[cosors]

And an old beautiful realization that should be unknown to many here. Unfortunately it is impossible for me to make my own better photo of this magazine. Only speed records from 1898 with the beginning and EVs. How the story went you know.

Elektrowagen means EV
It began with EVs