BRN Discussion Ongoing

manny100

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I guess I'm not surprised by the vocal hand wringing recently (and early thumbs down voting) of executive and board compensation packages by a loud and vocal minority of shareholders here on the TSE. I presume that a falling stock price and lumpy modest revenue has not warmed some stockholders hearts with respect to pay for perfomance incentives and may be an understatement.

Your concerns seem perfectly reasonable because they represent your personal opinion on this matter. So, have at it and best of luck.

Now my own opinion of some comments with respect to the matters of incentives and compensation is that I originally invested in a small company with a most interesting and unique approach to edge processing, but I remain invested because of my faith in what I perceive to be a strong executive team and board of directors and a clear strategy to future profitability that is being pursued. If I have a problem with incentive or compensation packages I believe I should take it up with the renumeration committee, or the board, or even vote no as others have announced on TSE.

To that point a read of the Governance documents (Investor Relations / Governance / Documents) found on Brainchip website may inform you why the company operates as they do. In 14 pdf's .... it's all there.

That revenue and income results have been slow to materialize jibes reasonably well with two random observations made by partners in the past.

Observation example # 1
Nviso put a video out about a year or so ago where there were two people in the front seat - one driving a car and the other a passenger, both Nviso employees I believe, and one in the back who was asking questions and filming the trip who I don't believe was a company employee. They had Akida tech working on an Nvidia device demonstrating facial features recognition. At the end of this video one the the employees was heard to respond to a question from the guy in the back seat about when might they be producing such technology as an Nviso product and I think one of the employess said 2025.

Observation example # 2
Renee Haas the CEO of ARM Holdings made the rounds about a year + ago on the TV business shows and he clearly stated and I will paraphrase, that it takes about four years to get from product concept and design to actual products being produced and available.

One observation was from a small partner company, and the other from the CEO of a HUGE partner company. However, both timelines are close. That to me is significant.

These two examples help me to better understand the timelines involved in technology design and implementation. Further, because of such timeframe examples I am less exasperated with Brainchips lumpy revenue streams we are seeing and will likey see in the next quarterly report to be released soon which I fully expect my reaction to be a yawn.

Finally, I can't recall precisely what our CEO said at last years AGM but unless he specifically said he wanted to be judged on financial results or financial progress this past year then he has in fact overseen a growing company that has accomplished a lot. Those accomplishments are just not being reflected in an increasing stock price now because the market abhors a vaccuum of ever increasing revenue and income and as noted by Mr. Viana, the board chair, the stock will do what the stock does .... which we can all agree hasn't been pretty recently.

So, as the two observations above demonstrate I for one am seeing a 2024 / 2025 timeframe as being when Brainchips revenue "should" really grow.

If you made it this far.... thanks for listening. Regards, dippY

Above is my opinion only and lacks any semblence to investible advice which to act upon.
Agree, I think 2024 we should see revenue looking good in the financials.
Markets are forward looking so we should see some SP movement earlier than revenue appears in the Financials.
 
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Dhm

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Just back to the NDA thing, when a company is shown Akida and registers a high degree of excitement yet secrecy about the ‘principle’ of the AI, and decides to do further testing for say a further 3-6 months without any contract signed, yet for whatever reason subsequently walks away, would this company be part of the 100 NDA’s? I’m guessing that we as shareholders aren’t privy to these situations.
Another part of my questioning is, do NDAs come and go and fall away quite regularly in the world of secrecy?
 
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I guess I'm not surprised by the vocal hand wringing recently (and early thumbs down voting) of executive and board compensation packages by a loud and vocal minority of shareholders here on the TSE. I presume that a falling stock price and lumpy modest revenue has not warmed some stockholders hearts with respect to pay for perfomance incentives and may be an understatement.

Your concerns seem perfectly reasonable because they represent your personal opinion on this matter. So, have at it and best of luck.

Now my own opinion of some comments with respect to the matters of incentives and compensation is that I originally invested in a small company with a most interesting and unique approach to edge processing, but I remain invested because of my faith in what I perceive to be a strong executive team and board of directors and a clear strategy to future profitability that is being pursued. If I have a problem with incentive or compensation packages I believe I should take it up with the renumeration committee, or the board, or even vote no as others have announced on TSE.

To that point a read of the Governance documents (Investor Relations / Governance / Documents) found on Brainchip website may inform you why the company operates as they do. In 14 pdf's .... it's all there.

That revenue and income results have been slow to materialize jibes reasonably well with two random observations made by partners in the past.

Observation example # 1
Nviso put a video out about a year or so ago where there were two people in the front seat - one driving a car and the other a passenger, both Nviso employees I believe, and one in the back who was asking questions and filming the trip who I don't believe was a company employee. They had Akida tech working on an Nvidia device demonstrating facial features recognition. At the end of this video one the the employees was heard to respond to a question from the guy in the back seat about when might they be producing such technology as an Nviso product and I think one of the employess said 2025.

Observation example # 2
Renee Haas the CEO of ARM Holdings made the rounds about a year + ago on the TV business shows and he clearly stated and I will paraphrase, that it takes about four years to get from product concept and design to actual products being produced and available.

One observation was from a small partner company, and the other from the CEO of a HUGE partner company. However, both timelines are close. That to me is significant.

These two examples help me to better understand the timelines involved in technology design and implementation. Further, because of such timeframe examples I am less exasperated with Brainchips lumpy revenue streams we are seeing and will likey see in the next quarterly report to be released soon which I fully expect my reaction to be a yawn.

Finally, I can't recall precisely what our CEO said at last years AGM but unless he specifically said he wanted to be judged on financial results or financial progress this past year then he has in fact overseen a growing company that has accomplished a lot. Those accomplishments are just not being reflected in an increasing stock price now because the market abhors a vaccuum of ever increasing revenue and income and as noted by Mr. Viana, the board chair, the stock will do what the stock does .... which we can all agree hasn't been pretty recently.

So, as the two observations above demonstrate I for one am seeing a 2024 / 2025 timeframe as being when Brainchips revenue "should" really grow.

If you made it this far.... thanks for listening. Regards, dippY

Above is my opinion only and lacks any semblence to investible advice which to act upon.
That why I have had a five year plan,
I am about 1/2 way through it and will consider any actions at the end of the 5 years, hold or sell
 
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So if something drastically changes for the worse with brn(or any other share) you'll keep on holding?
I much prefer to constantly reassess my options.
Well given the fact that this forum is about BrainChip let’s just talk about that.
When I invested in Brn originally I knew it would be a long time to get things happening, to have produced and have product on the shelves.
We are not selling fast food
It’s no McDonald’s
Look at any tech firm go and do research on how long their journey have taken them to get traction in the market place.
But with world events that have happened over the last 3 years, that has slowed the wheels down considerably.
So I don’t think we will see much happen before mid 2024 but then it should go ballistic,if everything falls our way.
I see June this year as the start of the slow gathering of open information and increased sales thanks to Mercedes
Then others will start to revel them selves Dell will be coming out soon
Have faith
Hold tight
God speed
 
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Well given the fact that this forum is about BrainChip let’s just talk about that.
When I invested in Brn originally I knew it would be a long time to get things happening, to have produced and have product on the shelves.
We are not selling fast food
It’s no McDonald’s
Look at any tech firm go and do research on how long their journey have taken them to get traction in the market place.
But with world events that have happened over the last 3 years, that has slowed the wheels down considerably.
So I don’t think we will see much happen before mid 2024 but then it should go ballistic,if everything falls our way.
I see June this year as the start of the slow gathering of open information and increased sales thanks to Mercedes
Then others will start to revel them selves Dell will be coming out soon
Have faith
Hold tight
God speed
Yeah but my question was if something drastically changed let's just say the future chips totally failed which would turn this stock worthless. You'd still hold for the 5 year plan? And obviously I'm not saying that will happen but I've had the x amount of years plan before and failed miserably by ignoring major stuff ups. Never again will I ignore and blindly stick to a plan
 
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TECH

Regular
This news article only a few hours old is an excellent read, check it out....pity they didn't actually interview a real
neuroscientist who's actually in the real world, as in, the commercial sense, not from academia, never-the-less it's
still a nice article.


Texta ;)
 
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Deleted member 118

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So if something drastically changes for the worse with brn(or any other share) you'll keep on holding?
I much prefer to constantly reassess my options.
Well if it does as I’ve a 7 year plan on retiring when Im 60 I’ll guess i will be living in a

 
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TechGirl

Founding Member
Interesting know labs have proof of principle with edge impulse




Know Labs Demonstrates Accuracy of Non-Invasive, Bio-RFID Technology with Proof-of-Principle Study​


SEATTLE – April 21, 2023 –Know Labs, Inc. (NYSE American: KNW), an emerging developer of non-invasive medical diagnostic technology, today announced the results of a proof-of-principle study titled, “Detecting Unique Analyte-Specific Radio Frequency Spectral Responses in Liquid Solutions – Implications for Non-Invasive Physiologic Monitoring,” conducted in collaboration with Mayo Clinic. Know Labs will present the results of the study at the American Physiological Society (APS) Summit, which is being held on April 20-23 in Long Beach, California. The study demonstrates the accuracy of Know Labs’ proprietary Bio-RFID™ sensor in quantifying different analytes in vitro, proving a 100% accuracy rate in these tests. The full study is currently undergoing the peer-review publishing process.



Know Labs’ technology platform, Bio-RFID, uses electromagnetic energy in the form of radio waves to non-invasively capture molecular signatures, which can be converted into physiologically meaningful information and insights. While the technology is proven to accurately measure several analytes inside and outside the body, the first application of this technology is aimed at non-invasive glucose monitoring.



“Proof-of-principle studies are critical in demonstrating Bio-RFID’s accuracy for non-invasive methods of medical diagnostics. This was an essential step toward achieving our goal of delivering the first FDA-cleared, truly non-invasive glucose monitoring device to the market,” said Ron Erickson, CEO and Chairman at Know Labs. “To put this into real-world context: imagine being able to continuously and accurately measure different aspects of your health on a molecular level using a pocket-sized (or smaller) sensor instead of a finger prick or a CGM probe.”



Conducted at Mayo Clinic in Rochester, MN in March of 2021, the study included five experiments designed to demonstrate the ability of the Bio-RFID sensor to non-invasively quantify concentrations of solutions using a randomized double-blind trial design, as proxies for biochemical solutions. Solutions including water in isopropyl alcohol, sodium chloride in water, and commercial bleach in water were tested. Data were collected using the Bio-RFID sensor, which generates radio frequency signals and measures received power through an antenna array. The sensor sweeps across the 1500 Megahertz (MHz) - 3000 MHz range at 0.2 MHz intervals, collecting values at 7501 frequencies.



“Market pressures like rising healthcare costs and the rapid increase in remote patient monitoring and care delivery are driving the need for affordable, accurate and non-invasive continuous measures of blood analytes,” said James “Andy” Anderson, M.D., Chief Medical Officer at Know Labs. “What we are describing here is truly ground-breaking. This novel application of the Bio-RFID technology to accurately detect and quantify specific molecules in liquid provides strong support for non-invasive monitoring of physiologically and medically relevant analytes in the human body.”



For each of the five experiments, 100% of solutions in the test data were correctly identified. The Bio-RFID technology was able to detect concentrations as low as 2000 parts per million (ppm) – which is equivalent to accurately measuring the difference of 0.7ml of water dropped into a 12oz can of soda – with evidence suggesting the ability to detect much smaller concentration differences. These in vitro findings provide proof-of-principle, strongly supporting the application of the technology for further non-invasive, physiologic and medical monitoring.



This proof-of-principle study is part of a series of studies that Know Labs is conducting as the company prioritizes external validation of its Bio-RFID technology in detecting and measuring glucose and other analytes in the body non-invasively at high levels of accuracy.



The study abstract and APS Summit Poster can be viewed at www.knowlabs.co. The full manuscript will be published following peer review.



Mayo Clinic has a financial interest in the technology referenced in this press release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.



About Know Labs, Inc.

Know Labs, Inc. is a public company whose shares trade on the NYSE American Exchange under the stock symbol “KNW.” The Company’s technology uses spectroscopy to direct electromagnetic energy through a substance or material to capture a unique molecular signature. The Company refers to its technology as Bio-RFID™. The Bio-RFID technology can be integrated into a variety of wearable, mobile or bench-top form factors. This patented and patent-pending technology makes it possible to effectively identify and monitor analytes that could only previously be performed by invasive and/or expensive and time-consuming lab-based tests. The first application of our Bio-RFID technology will be in a product marketed as a non-invasive glucose monitor. It will provide the user with real-time information on blood glucose levels. This product will require U.S. Food and Drug Administration clearance prior to its introduction to the market.
 
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Deleted member 1269

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Finally, I can't recall precisely what our CEO said at last years AGM but unless he specifically said he wanted to be judged on financial results or financial progress this past year then he has in fact overseen a growing company that has accomplished a lot. Those accomplishments are just not being reflected in an increasing stock price now because the market abhors a vaccuum of ever increasing revenue and income and as noted by Mr. Viana, the board chair, the stock will do what the stock does .... which we can all agree hasn't been pretty recently.

@dippY22, I want BrainChip to be as successful as every other shareholder, we all want the same thing.

But just a cut and paste from last years AGM -
1682209003667.png


Im my opinion, when the CEO is taking about but being judged on results specifically around commercialisation, this means financial results to me.
 
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Diogenese

Top 20
I am 98.2% sure this will be us.......DYOR!


View attachment 34838


"Arun Iyengar, CEO of Toronto-based tech firm Untethered AI, explains that traditional AI methods are a huge drain on the world’s energy resources.

“Just looking at January, if you look at the number of people that used ChatGPT and the amount of energy it took to serve them, it would be the same amount of energy to fully serve a town of 175,000 people,” he says.

That’s because it’s using methods established as far back as the 1940s by John von Neumann, widely considered the father of modern AI technology, which has powered all computer chips to date.

“Anytime you move data you burn energy. So the more distance you move data, the more power you’re burning to make that happen. And that’s why today’s implementations end up consuming so much power.”

Iyengar’s company, a semiconductor startup, has created a first-of-its-kind chip that aims to dramatically reduce AI’s energy use.

“We are basically putting the processing and the memory right next to each other. So the data movement is now contained in a very,
very short distance … that reduces the power or the energy required to do Artificial Intelligence by a factor of six to 10 times,” he says"

Ella and I are 99.9° % sure that Untether have their own in-house design:
US2021091794A1 COMPUTATIONAL MEMORY WITH ZERO DISABLE AND ERROR DETECTION

1682208948299.png


A processing element includes an input zero detector to detect whether the input from the neighbor processing element contains a zero. When the input from the neighbor processing element contains the zero, a zero disable circuit controls the input from the neighbor processing element and respective data of the memory to both appear as unchanged to the arithmetic logic unit for the operation. A controller of an array of processing elements adds a row of error-checking values to a matrix of coefficients, each error-checking value of the row of error-checking values being a negative sum of a respective column of the matrix of coefficients. The controller controls a processing element to perform an operation with the matrix of coefficients and an input vector to accumulate a result vector. Owing to the error-checking values, when a sum of elements of the result vector is non-zero, an error is detected.


Technology — Untether AI

https://www.untether.ai/technology


runAI200™ Represents a new breed of computing

At Untether AI, we re-wrote the rules for compute architectures. Designed from the ground up for AI inference workloads, the runAI200® architecture provides best-in-class performance for running neural networks; CNNs, RNNs, TCNs, Attention, Transformer, Unets, and DLRM.

At the heart of the unique at-memory compute architecture is a memory bank: 385KBs of SRAM with a 2D array of 512 processing elements. With 511 banks per chip, each device offers 200MB of memory, enough to run many networks in a single chip. And with the multi-chip partitioning capability of the imAIgine® Software Development Kit, larger networks can be split apart to run on multiple devices, or even across multiple tsunAImi® accelerator cards
.

1682209283834.png
 
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Diogenese

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Just back to the NDA thing, when a company is shown Akida and registers a high degree of excitement yet secrecy about the ‘principle’ of the AI, and decides to do further testing for say a further 3-6 months without any contract signed, yet for whatever reason subsequently walks away, would this company be part of the 100 NDA’s? I’m guessing that we as shareholders aren’t privy to these situations.
Another part of my questioning is, do NDAs come and go and fall away quite regularly in the world of secrecy?
The walker-away would still be bound to maintain the confidentiality of all confidential information it received under the NDA.
 
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Deadpool

Did someone say KFC
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Bravo

If ARM was an arm, BRN would be its biceps💪!
@dippY22, I want BrainChip to be as successful as every other shareholder, we all want the same thing.

But just a cut and paste from last years AGM - View attachment 34844

Im my opinion, when the CEO is taking about but being judged on results specifically around commercialisation, this means financial results to me.
Hi @caroorac,

There are many research papers delving into entrepreneurial approaches in commercialising new technologies. Key findings are that relationships with partners and other supporting companies/organisations need to be formed earlier than previous literature suggested hence the early focus on communication and partnership is highlighted as being a critical factor for rapid commercialisation success.

This usually involves an ecosystem model which brings together compatible technology companies, experienced business leaders, researchers, etc.


This is an extract from @SERA2g post #54,500, which might help show the results of this commercialisation process in BrainChip's case.

Screen Shot 2023-04-23 at 10.26.09 am.png
 
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Tezza

Regular
I was thinking and yes it hurt! If Sean is to be judged on results (his words) and financials are poor, all companies that have signed on have ndas in place, what will Sean be able to say to give current shareholders and more importantly potential shareholders confidence?
 
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Diogenese

Top 20
Hi @caroorac,

There are many research papers delving into entrepreneurial approaches in commercialising new technologies. Key findings are that relationships with partners and other supporting companies/organisations need to be formed earlier than previous literature suggested hence the early focus on communication and partnership is highlighted as being a critical factor for rapid commercialisation success.

This usually involves an ecosystem model which brings together compatible technology companies, experienced business leaders, researchers, etc.


This is an extract from @SERA2g post #54,500, which might help show the results of this commercialisation process in BrainChip's case.

View attachment 34846
SiFive, nViso, ARM, Prophesee, Edge Impulse, AI Labs, IFS, Blue Ridge, Teksun, emotion3D, three Unis, ... and none of these made it into the MF article?
 
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Deleted member 1269

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I was thinking and yes it hurt! If Sean is to be judged on results (his words) and financials are poor, all companies that have signed on have ndas in place, what will Sean be able to say to give current shareholders and more importantly potential shareholders confidence?
For me personally, there is nothing Sean can "say" to give me confidence. I'm afraid his words are hollow for me. I need cold hard evidence. Not EAPs, not potential clients under NDAs, not partnerships, but deals that are resulting in actual revenue. It's time for action not words in my opinion.
 
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Bravo

If ARM was an arm, BRN would be its biceps💪!
For me personally, there is nothing Sean can "say" to give me confidence. I'm afraid his words are hollow for me. I need cold hard evidence. Not EAPs, not potential clients under NDAs, not partnerships, but deals that are resulting in actual revenue. It's time for action not words in my opinion.

Did you read my reply to your first post @caroorac? I'm interested in how you would describe all of partnerships and ecosystem building that occurred between this AGM and last. If you don't equate that activity to a result, then what else would you describe it as being?
 
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Bravo

If ARM was an arm, BRN would be its biceps💪!
For me personally, there is nothing Sean can "say" to give me confidence. I'm afraid his words are hollow for me. I need cold hard evidence. Not EAPs, not potential clients under NDAs, not partnerships, but deals that are resulting in actual revenue. It's time for action not words in my opinion.

You don't have to take my word for it. Here are some other sources of information, if you'd like to read up on it.
Screen Shot 2023-04-23 at 11.59.18 am.png



Screen Shot 2023-04-23 at 11.59.23 am.png


Screen Shot 2023-04-23 at 11.59.39 am.png

 
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Deleted member 118

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Bravo

If ARM was an arm, BRN would be its biceps💪!
giphy (2).gif
 
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