Just sent a letter to the FR editor re this article where Loftus Peak boasts of having selected Nvidia, AMD, MS, Alphabet and Amazon, while claiming they invest in disruptive technology:
https://www.afr.com/chanticleer/ai-...e-return-26pc-in-three-months-20230519-p5d9s0
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The second is avoiding AI lipstick on pigs – companies that attempt to attach themselves to the AI thematic but don’t have the business model, technology or capabilities to back up their claims. Pollak says Loftus Peak has avoided local AI hopefuls including Appen and BrainChip on these grounds.
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“We invest in disruptive companies, but the rules of finance have not yet been disrupted.”
BrainChip’s Akida is a revolutionary hardware digital spiking neural network which is faster and orders of magnitude more power efficient than software NNs.
Akida is undergoing testing in organizations such as NASA, USAF, Valeo and many other technology companies. Mercedes uses it in its EQXX, where it has proven to be 5 to 10 times better than alternatives in its “Hey Mercedes” application. Renesas and MegaChips have taken licences to produce processors including Akida, and chips are expected this year.
BrainChip has been under heavy attention from shorters and your article may have the effect of encouraging such activity.
It would better serve the investing public if your article were better researched, particularly as BrainChip is listed on the ASX (BRN).
https://www.afr.com/chanticleer/ai-...e-return-26pc-in-three-months-20230519-p5d9s0
...
The second is avoiding AI lipstick on pigs – companies that attempt to attach themselves to the AI thematic but don’t have the business model, technology or capabilities to back up their claims. Pollak says Loftus Peak has avoided local AI hopefuls including Appen and BrainChip on these grounds.
...
“We invest in disruptive companies, but the rules of finance have not yet been disrupted.”
Chanticleer article on Loftus Peak 19 May 2023
The article speaks of BrainChip in disparaging terms, implying that the company lacks the technology and capabilities to back up their AI credentials.BrainChip’s Akida is a revolutionary hardware digital spiking neural network which is faster and orders of magnitude more power efficient than software NNs.
Akida is undergoing testing in organizations such as NASA, USAF, Valeo and many other technology companies. Mercedes uses it in its EQXX, where it has proven to be 5 to 10 times better than alternatives in its “Hey Mercedes” application. Renesas and MegaChips have taken licences to produce processors including Akida, and chips are expected this year.
BrainChip has been under heavy attention from shorters and your article may have the effect of encouraging such activity.
It would better serve the investing public if your article were better researched, particularly as BrainChip is listed on the ASX (BRN).