BRN Discussion Ongoing

[Schnitzel lover]

Would it be fair to assume the Gen 2 availability is unrelated to Patent approvals?

I don’t actually see a delay to availability as an issue, particularly giving customers a runway to work with 1500 and put the final touches to Gen 2..

I re-listened to the update again, and I think aside from disagreeing about the 8mill RSU to Manny, I thought Sean was sincere and as open as he could be under the circumstances..

I’d advise anyone concerned about this bottoming to oblivion read my post on the share price thread and save some emotional capital..

 

[Kachoo]

Hi all I'm writing here as I'm listening to the latest podcast.

Akida 1000 was not a failure as some post here. It has a small niche market it out performs the competition but as put the current solutions are good enough in some cases.

This does not mean that there will be no uptake but when new technologies come out they may not the more faster power efficient model the reengineering an old system.

Also the miss leading saying of Akida 2.0 delayed is not true. The original presentation was talking about early adopters getting the IP now with a referance chip in late q2 early q3 and now show says fully commercial available end of 2023 that's for everyone. That timeline never changed. The early results are very positive on the power and performance.

Lead on the technology is still there no really actual lengthy in time but it's very hard to put a time frame on it.

The sales cycle was explained I think was average but he did would excited she your in your in lol.

Partnerships and ecosystems clearly identify why it's needed in enterprise buisness.
Revenue question was obviously a no awnser other then he is confident that to deliver revenue is comming. The question was more on forecasting and he did state its hard to donat the moment cause there is no continous stream yet.

Cash position question. Seems okay. He did say he will spend money needed to generated revenues needed to give returns that the shareholders they deserve. I think the take away from this statement is that he is aware of us holders and our frustrations on revenue. IMO

Money safe in banks spread out and secured.

Economic head winds Project on hold that they got the design win. Not cancled but delayed. This is not anyone's fault in BRN. When innovations move forth he is confident that will build with Akida.

With regards to shorting as results roll in that situation will clean itself up. So basicly he said when revenues start kicking in the shorts will have to cover basic logic.

Regards ASX announcement they are compliant and not all worthy or can be put in. Now this one I do agree they need to be a bit better communicating but then it's on an investor to do their dd.

Now i read about some complaints and i find many of them false. I read one comment that he saud fax. The feel these shorts did a number on some with some false statements on this pod cast.

I have it a second listen and it was not as bad as some make. The revenue figures minimum to high we will see there was no indication that things are bad as the down ramper make it out.

 

[Schnitzel lover]

Post in thread 'Share price movement of Brainchip, discussion, The Good the Bad and the Fugly and general concern'
https://thestockexchange.com.au/thr...-fugly-and-general-concern.139152/post-282193

 

[Kachoo]

Would it be fair to assume the Gen 2 availability is unrelated to Patent approvals?

I don’t actually see a delay to availability as an issue, particularly giving customers a runway to work with 1500 and put the final touches to Gen 2..

I re-listened to the update again, and I think aside from disagreeing about the 8mill RSU to Manny, I thought Sean was sincere and as open as he could be under the circumstances..

I’d advise anyone concerned about this bottoming to oblivion read my post on the share price thread and save some emotional capital..

I thought the podcast was reasonable.giving it a second listen. I agree about the 8 million as I don't agree about this vote. But basicly we are told this is our cheaper option. I guess he has to communicate this too us.

 

[Makeme 2020]

I thought the podcast was reasonable.giving it a second listen. I agree about the 8 million as I don't agree about this vote. But basicly we are told this is our cheaper option. I guess he has to communicate this too us.

Broken promises

 

[Bravo]

So, if anyone on here has actually bothered to look at some of the companies partnering with us, and then bothered to look at their timelines for commercialisation they'll see that the development time-frames are mostly pitched for EOY 2023, then uptick in 24/25.

Take NVISO, because driver monitoring becomes mandatory at a certain time hence, ALL vehicles will require it past this point. Does everyone know the significance of these time-lines, because I'm pretty sure I do?

 

[AusEire]

So, if anyone on here has actually bothered to look at some of the companies partnering with us, and then bothered to look at their timelines for commercialisation they'll see that the development time-frames are mostly pitched for EOY 2023, then uptick in 24/25.

Take NVISO, because driver monitoring becomes mandatory at a certain time hence, ALL vehicles will require it past this point. Does everyone know the significance of these time-lines, because I'm pretty sure I do?

Don't be coming in here with facts. Don't you realise this is time for complete delusion and misrepresentation?

 

[TheFunkMachine]

Coincidence Toshiba has popped up a couple times this weekend.

I read a blog article by this company a couple days ago and didnt think too much about it other than interesting....after seeing the Toshiba Dir of Engineering comment, thought I find the blog again and post as a little more relevant.

My bold....they certainly got some coin haha

How Toshiba Invests in Research and Development to Drive Innovation

Toshiba is a global leader in various technology fields, such as energy, infrastructure, electronics and digital solutions. The company's success is based on

innovolo-group.com

How Toshiba Invests in Research and Development to Drive Innovation​

• BRADLEY PALLISTER
• MARCH 27, 2023
• INNOVATION INSIGHTS

Toshiba is a global leader in various technology fields, such as energy, infrastructure, electronics and digital solutions. The company’s success is based on its continuous investment in research and development (R&D) to create innovative products and services that meet the needs of customers and society.

According to its financial data, Toshiba spent approximately 1.5 trillion Japanese yen (about 13 billion US dollars) on R&D in the fiscal year 2021, which accounted for 4.9% of its sales. This ratio is higher than the average R&D expenditure as % of the revenue of other major Japanese companies in the ICT industry, which was 3.8% in the fiscal year 2020.

Toshiba’s R&D strategy focuses on three key areas: core, growth, and frontier technologies. Core technologies are the foundation of Toshiba’s business domains, such as power systems, industrial systems, electronic devices and storage devices. Growth technologies are the drivers of Toshiba’s future growth, such as artificial intelligence (AI), the internet of things (IoT), robotics and quantum cryptography. Frontier technologies are the exploratory fields that Toshiba aims to create new value and markets, such as biotechnology, neuromorphic computing and fusion energy.

Toshiba conducts its R&D activities through various channels, such as its own research laboratories, joint research with universities and other institutions, collaboration with customers and partners, and participation in national and international projects. Some of the recent achievements of Toshiba’s R&D include:

• Developing a high-performance AI processor that can perform complex deep learning tasks at high speed and low power consumption.
• Launching a new generation of NAND flash memory that can store up to 1 terabyte of data in a single chip.
• Establishing a world record for continuous operation of a nuclear fusion reactor for 20 seconds at a plasma temperature of over 100 million degrees Celsius.
• Introducing a digital transformation platform that can integrate data from various sources and provide advanced analytics and solutions for various industries.

See also What are the benefits of using a licensing revenue model?

Toshiba’s R&D efforts are aimed at enhancing its competitiveness and profitability and contributing to social good and environmental sustainability. Toshiba’s vision is to become a “cyber-physical systems (CPS) technology company” that can create value by connecting the physical and digital worlds. By investing in R&D, Toshiba hopes to realize this vision and achieve its corporate motto: “Committed to People, Committed to the Future.”

Brilliant!

Answered all the questions openly and honestly that people have been asking.

Well done.

Which company is he talking about that they won the contract but they ended up not going ahead with making a chip?

 

[GDJR69]

Mercedes stated they used Akida in their Eqxx concept vehicle, they haven’t given any indication as to whether or not Akida will be used in production vehicles, can you please provide a link to the document that confirms Akida will be in production Mercedes vehicles?
And the information regarding Eqxx was never released to the Asx, Mercedes can do as they please and investors would have no leg to stand on. Don’t count your chickens before they hatch.

I am talking about the Mercedes EQXX vehicle which is not just a concept as you suggest and I wasn't referring to BRN investors I was referring to Mercedes investors and consumers of Mercedes vehicles.

 

[Tothemoon24]

Which company is he talking about that they won the contract but they ended up not going ahead with making a chip?

Samboy

 

[Dhm]

Ok the podcast left a few stones unturned. But there are at least two things happening very soon. The first of course is the 4C and that could demonstrate some traction
The second is the ARM and Brainchip webinar on 9th May. Why would ARM bother participating if there wasn’t strong news. There has been talk of the Cortex M85 and the potential for Akida as an embedded extra in certain situations.
Hoping things get better soon.

 

[Tothemoon24]

Mercedes Benz


It’s been a busy week here at #AutoShanghai – and it’s never been more apparent that the world is transitioning to software-defined vehicles. To tailor our products to the needs of our Chinese customers, we continue to invest in local talent. We have grown our Chinese software teams and integrated the best local apps and partners, which is part of our local hero approach. Our new R&D Centre here in Shanghai focuses on some important #MBOS aspects and works closely not only with the nearby International Design Centre to optimise our UI/UX, but also with our gobal organisation, which jointly develops MB.OS.

At the show, we unveiled the new #EQG, a fully electric G-Class with the revolutionary software-controlled ability to perform a 360-degree turn in place, referred to as the “G-turn”. Another highlight was the world premiere of the all-new, all-electric, full-size #EQESUV, which is designed to provide the most immersive, smooth and convenient experience. Technology may change rapidly, but our customers’ desire for superior software experiences keeps us executing these bold new ideas in China and around the world.

 

[Getupthere]

Clearly there’s no revenue coming anytime soon….. which I don’t have a problem for now, however the lack of communication and hiding behind NDA’s will not cut it anymore….

With the AGM next month there’s No coincidence that all of a sudden our CEO decides he would like to communicate with his shareholders through a new quarterly podcast.

Where was the communication the past year…. Voting time next month.

I find the lack of respect for long term shareholders very disappointing.

I know which way I will be voting If I don’t see any progress in the next 4C

 

[Kachoo]

Ok the podcast left a few stones unturned. But there are at least two things happening very soon. The first of course is the 4C and that could demonstrate some traction
The second is the ARM and Brainchip webinar on 9th May. Why would ARM bother participating if there wasn’t strong news. There has been talk of the Cortex M85 and the potential for Akida as an embedded extra in certain situations.
Hoping things get better soon.

BrainChip

Ubiquitous, distributed AI.<br/>Close to the sensor.<br/>Inspired by the human brain. <br/>

www.arm.com

 

[DingoBorat]

It's been a learning experience for the company too.

As you point out, the basic inventive concept has great potential, but the company has been on a steep learning curve. 8 years ago, the idea of a digital SNN was totally unknown to the market, so the market did not know what it needed a digital SNN to do. The product has gone through several iterations to meet the changing requirements of the market.

The company started with BrainChip Studio software for processing video streams.

Then it came up with BrainChip Accelerator, a chip which improved the efficiency of Studio.

After that, the concept of having a chip which could replicate the Studio functionality was born, along with the realization that the chip could be a multi-purpose SoC for classifying sensor outputs.

Add in ML and you have Akida 1, which itself was revamped after market testing. This was successfully field-tested by Mercedes, Prophesee, and nViso, and licensed to Renesas and MegaChips.

Then the concept of LSTM was seen as a significant upgrade, but the 2020 concept of transformers came to prominence shortly thereafter, giving rise to Akida2.

The company's engineers and programmers have been burning the candle at both ends for several years.

It is only in the last year or so that the new marketing structure was put in place, and we are now hopefully on the verge of bursting forth from the cake in our tassels and thongs.

"After that, the concept of having a chip which could replicate the Studio functionality was born, along with the realization that the chip could be a multi-purpose SoC for classifying sensor outputs"

I have to disagree with you there Diogenese

My understanding, is the Chip was always the plan.

BrainChip Studio and Accelerator, were attempts to capture some revenue, along the way..

Although they were innovative and even won an award or two..
They didn't have a market advantage, other than being new and different.

The strengths of neuromorphic technology, aren't there, in direct competition with other connected tech.

The main strengths, are in low power, independent A.I.

At least that's the way, I see things..

 

[Stable Genius]

Which company is he talking about that they won the contract but they ended up not going ahead with making a chip?

That will be one of them known unknowns. It could be Moschips (guess) who promoted us a year or so ago but have been quiet since or someone we haven’t heard of yet due to NDA’s.

Moschips by the way I saw are promoting something with TSMC in a few days but I don’t think it has anything to do with us.

It could be NANOSE as they had us in their device and for whatever reason it unfortunately hasn’t gone ahead yet. As that was a Covid breathalyser it wouldn’t have been due to the headwinds as that would have been a company maker. I still think the problem with that device was cross contamination issues after first use. Hopefully once that is solved the device, along with cancer detection abilities etc will still be commercialised. That was out of our control.


My opinion is shareholders were complaining about a lack of information. Now most of the tough questions had been answered as best they could due to NDA’s people still aren’t happy. I have researched this company as much as I can and there were no surprises in that interview at all. It is still the same company I invested in and the more I have learned over the years the more realistic my timeframes have become. I still expect the company to be very profitable in the future so I am still buying when I find spare money.

I see Akida 1000 as a success. It proved the technology in silicon. Defence, RENESAS and NASA have been happy with it. MB have raved about it.

I understood Seans explanation to be that they effectively created a Lamborghini to do the job of a beetle Volkswagon. However as the Volkswagen was already effective for some solutions there has not been a need to upgrade to the Lamborghini for current products. Obviously future products to do more, or be more efficient may chose the Akida option.

Gen2 has obviously been designed with customers input hence the 3 sizes; to meet specific needs, improved ease of use and connectivity.

Due to how advanced the technology is the ecosystems are required. I think Brainchip is doing an excellent job. ARM, Intel, SiFive, Megachips just to name a few. As has been explained before it’s like inventing electricity but there are no devices, e.g. toasters, lightbulbs, tv’s etc to use it yet. The need for an ecosystem has been explained in depth so that is a non argument for me.

I see the technology as still being in demand in the future and Brainchip is in the right place to take advantage of the demand. Sean referenced 3 sources to corroborate that view with Neuromorphic and edge being in the bulls eye.

We have a choice re the shares options for current staff, either pay money which drains our capital or use the shares already put aside for that purpose which incentives whoever receives them. Simple choice really. Same as Manny’s shares, pay now or pay later plus fees. My choice is to vote yes and honour an agreement.

Of course we could offer less remuneration in the future and fail to attract extremely high quality, experts in their field to the company and see where that gets us too! Top people are an asset to the company and our future earnings depends on their performance so I offer them all the support they require and wish them well.

MB has a release on the 25th, not sure whose time zone that is though. It could be exciting to see if we get a mention and if revenue starts coming through from them in the near future.

I’m still very positive about the future. The day I’m not I’ll just sell my shares and disappear.

Thanks to all the quality posters who contribute to my learnings.

 

[TECH]

Good evening,

Once again the company is attempting to listen, Sean interviewed 3 times now in short succession, please stop all the moaning.

Brainchip Studio and Accelerator are so in the past, and from my understanding, despite all the chatter at the time, never performed
anywhere near as was expected, I'd have to go digging through my 1000's and 1000's of emails to spit out the facts.

Tony has opened up a new quarterly chatline with Sean, addressing common questions posed by the shareholders, it's another
positive step in the communication process, try to respect it for what it is, it's not a podium to make or reveal major announcements from.

I personally can't see the need for any future Capital Raising in the near future, why, because I'm like the rest of you, I'm expecting to see
revenue, lumpy or not, start to turn up between now and January 2025, unless something comes out of left field, it's all hands on deck and steady as she goes.

All of the above is my opinion, and only my opinion thanks.

Goodnight.

 

[Diogenese]

Yes, I have though about this as well marsch85.

Our tech is groundbreaking but our customers do not want to put it out to market yet because of macro conditions.
If the cost of living is high (as it is bloody everywhere according to inflation stats in most developed countries), the last thing our customers want to do is introduce a product that will blow everyone's mind away.

For example, let's say Toshiba have our IP and have even made the product. Let's say a doorbell that can identify you and automatically open the door for you upon identification. Not only that, it has a coffee machine that can automatically make your coffee upon your voice recognition and differentiate your coffee than your wife's coffee according to voice.

Now even though the cost price of these products is pretty cheap, Toshiba's incentive is to introuce an amazing new product like that at a very high profit margin.... for them.
Same with Ford. If our tech can blow people's minds away, why release it right away when people can't afford new cars.

As I understand, this is primarily why Akida 2.0 was developed. To have rather industrial customers (business to business) sales rather than our tech - business customer - consumer model. Because Valeo, Ford and Mercedes are big names, but automobiles and whitegoods are last on most people's shopping lists and our customers want their margins as high as possible.

So I do consider this an obstacle we have fortuntely navigated upon. Either way, in the long run, this obstacle which maybe 'forced us' to develop the next iteration of Akida will only make us more lucrative IMO.

One thing Sean said is that Akida 1 met competition which was "good enough" for the customers' purposes. Also the competing product is probably COTS. Thus the cost of an IP licence plus the cost of designing and manufacturing a chip to do the same thing (even though it is capable of much more) does not add up. In other words, these customers have not developed applications which can use the extra features of Akida.

Now we know that there are customers who can use Akida's abilities (Prophesee, nViso, Mercedes, NASA, DoD, ...) but it will take time for the market opportunity to open. We missed the boat with the first round of Prophesee/Sony blur-free cameras, but Prophesee knows about us now.

Akida 2 received a lot of good references from potential customers.

I still see SiFive as a potential major customer (pmc), and, with all the recent activity, ARM is also a pmc.

Prophesee has a prior partnership with SynSense to produce a single chip SoC and a multi-year agreement with Qualcomm (Snapdragon) for mobile phone applications,

SynSense and Prophesee develop one-chip event-based smart sensing solution (20211015)

Camera chip startup Prophesee and Qualcomm sign multi-year deal | Reuters (20230227)

so, unless we can arrange a menage a trois, we're sleeping on the couch.

We know SynSense is not as good as Akida working with Prophesee.

The combined vision processing solution will be co-marketed by both companies and commercialized by SynSense for addressing IoT and Smart Home detection and gesture control applications.

"After that, the concept of having a chip which could replicate the Studio functionality was born, along with the realization that the chip could be a multi-purpose SoC for classifying sensor outputs"

I have to disagree with you there Diogenese

My understanding, is the Chip was always the plan.

BrainChip Studio and Accelerator, were attempts to capture some revenue, along the way..

Although they were innovative and even won an award or two..
They didn't have a market advantage, other than being new and different.

The strengths of neuromorphic technology, aren't there, in direct competition with other connected tech.

The main strengths, are in low power, independent A.I.

At least that's the way, I see things..

You're right - I had forgotten about SNAP from early 2016, and then we got Spikenet and the JAST licence which radically altered the design.

 

[Rise from the ashes]

Don't be coming in here with facts. Don't you realise this is time for complete delusion and misrepresentation?

Where do I sign up?
Book me in for 3 seats front row I want to close as possible to the complete delusion

BrainChip on LinkedIn: Edge ML Series Chicago

The Edge ML Series is coming to Chicago on April 25th! BrainChip will have the keynote. Mark your calendars and request your invite now on the Edge Impulse…

www.linkedin.com

I must have my eyes closed lately because didn't see this one

From techs post
"Tony has opened up a new quarterly chatline with Sean, addressing common questions posed by the shareholders"
Now this is champion move from the company and is much appreciated .
Thank you Tony

 

[charles2]

Trusted by Mercedes etc

Soundhound (SOUN)

SoundHound Launches Chat AI For Automotive As Study Finds 50% Of Regular Drivers Likely To Use Generative AI Capabilities

SoundHound AI, Inc. (Nasdaq: SOUN) (“SoundHound”), a global leader in voice artificial intelligence, today launched SoundHound Chat AI for Automotive,

www.businesswire.com