BRN Discussion Ongoing

[robsmark]

All good points and also no issue with you voicing the concerns, was just happy to discuss as we have.
Will have a think about what you've raised.

I didn't agree with the following from your previous post however, which is why I mentioned holding onto shares for a company destined for failure.
"Without [commercial uptake] we’re done, and let’s be honest, it’s not looking so good right now is it?"
For me, it's fine, and considering the support on certain posts of mine and others, there's a lot of people who see it my way too.
I truly believe if we had a more reasonable pull back since the $2.34 highs and say hovered around the upper $1 mark, there would be less criticism, or at least a lower frequency of the echoing of said criticism.

For me it's a binary outcome. We succeed or we don't.
There isn't an in between so regardless of who is right or wrong about the outcome, the journey doesn't matter for me yet.
I take the risk and I hope for the reward.
This forum really isn't helping people evaluate their decisions anymore, so I'm surprised so many seek comfort here.

With your 4 decent questions at the end, would an answer to those mean you are satisfied?
Cos it sounds like you have far more concerns than that.

Thanks for the civil and well articulated response Damo. Whether we agree on everything or nothing is irrelevant, being able to voice criticism, comment, or give praise in an environment without reprisal is what separates this forum from the other. I appreciate that.

With your 4 decent questions at the end, would an answer to those mean you are satisfied?
Cos it sounds like you have far more concerns than that.

To be fair I feel like a battered bull at the moment, I'm a human with emotions, and obviously seeing a significant amount of money slowly pissed up the wall, and my target become blimp on the horizon leaves me feeling very disappointing, a feeling we all no doubt share.

I think knowing more about the status of the aforementioned would go a long way to helping me make a more informed decision about this investment, and thats what we all need right? All true information available to enable us to make informed decisions, something which I don't think we have fully had up to now. This company has a great way of hinting things, but not saying anything, then hiding behind privacy contracts. I think this is horse shit, and believe thy could offer us much more.

The EAP is the key here. Knowing more information about the level and type of engagement, would help me to understand the potential future success of this company. If the company announced that all original companies remain engaged, the distribution of these companies was X, Y, Z, five are nearing the completion of their products, and ten are on hold - would feed me confidence. Where as if they announced that there has been no activity over the past 18 months, I would feel very differently. I believe we as shareholders are entitled to know this due to the ASX continual disclosure requirements, and any customer seriously engaged would understand this requirement very well.

Can anyone here truly say that they are happy with the level of information provided to them by the company? I mean as shareholders, what are we actually told?

 

[Schnitzel lover]

I agree entirely with this. More transparency is needed as to where the company sites regarding negotiations and if negotiations actually exist. This silence is BS, we effectively own this company and have no idea what’s happening inside its walls, yet the bonuses keep rolling, the SP keeps dropping, and no new deals are being signed. It’s getting very old and I expect better accountability.

5 qtrs or so of funding gives plenty of time to sign some more licenses or see some green shoots of cadence with revenue. That's all I'm really relying on as a shareholder. If the company hits some of these targets, then the share price will take care of itself in a pretty aggressive re-rate. So we wait patiently to see what time brings to light.

 

[Diogenese]

Now, I could be wrong in my understanding and happy to be corrected if so.

However, been reading so many diff articles, papers etc like everyone else and my simple thinking....

There are obviously algorithms whether they be CNN or SNN which are the software component.

Then you have the hardware to do the processing of said algos, whether that be GPU, CPU, TNU or Neuromorphic like AKD1000, 1500 etc.

Now, I'm thinking the company thought it may have been a bit of an easier switch initially by producing AKD1000 as the hardware in conjunction with the CNN2SNN converter.

Kind of makes sense as the majority of algos appear to be CNN based and we would need SNN algos to run on the Akida hardware. The CNN2SNN would facilitate that to show the benefits.

As the company said, the AKD1000 take-up wasn't really forthcoming as existing solutions were fit for purpose and needs at the time for end users to go changing up their production schedules / models / products etc.

It did however provide a POC for those who tested and played with AKD1000 and a feedback channel to BRN for the next iterations.

These days, I'm starting to see more commentary in various places that SNN algos are now getting traction and written accordingly and they will require the neuromorphic hardware side to be able to process them to full capability.

This is where I believe we will start to find our space as and when these SNN algos start finding their spot in newer upcoming products, particularly at the edge, developers and companies will approach the Megachips and Renesas (and us) of the world.

Will be interesting to find out eventually what the Renesas tape out was for and if SNN algo driven.

The downside to my thinking is that our initial mkt penetration was a little muted as we know and provided some additional time for competitors to refine their own offerings.

The upside is that the BRN team have been listening to clients and evolving Akida accordingly with VIT and TENN which will hopefully keep us ahead of the rest though I feel the gap closed slightly during the last couple of years.

Given we have the integration of our IP with the likes of the M85 it allows the current crop of product developers and ARM users to now include specifically written SNN algos.

We need to seriously target end user products that now have SNN algos written imo and get the flow on effect of the IP agreements and / or the production royalties through Megachips and Renesas.

Hi Fmf,

There are, as you point out, CNN and SNN algorithms which run on CPU/GPU. Brainchip Studio was a SNN running on CPU. MetaTF Akida simulator is an SNN algorithm which runs on CPU.

However, when it comes to the Akida SoC, the silicon is the algorithm. The circuitry is set up to imitate the operation of the brain, in which the neurons operate asynchronously, firing when their set threshold is reached by the incoming spikes. This depends on whether the incoming spikes are a sufficient match (probability, not mathematical exactness) for the weights loaded into the neuron. The weights are derived from the model library. There is no "program" controlling the operation of Akida in its function of classification/inference. The associated processor is used to configure the connections between the NPUs to from the required layers and associate the weights with the NPUs, but are no "instructions" from the CPU for the actual classification process. Implementing instructions is a time and power consuming process. Once the NN is configured for the assigned task, the CPU minds its own business.

 

[keyeat]

That's the daily. Net reported amount is still 7.43% as per ASIC's records https://asic.gov.au/regulatory-resources/markets/short-selling/short-position-reports-table/

Reported Daily Short Positions for 15/08/23

 

[Damo4]

Can anyone here truly say that they are happy with the level of information provided to them by the company? I mean as shareholders, what are we actually told?

The short answer is yes, but based on a few things, most of which are based on my investment style:

1. I've held companies that have released fluff to no end and then effectively collapsed into a back-door ASX listing for another company
   • The bigger the pump, the harder the dump
2. I own a significant # of shares (for me) but not enough to warrant losing sleep over
3. I own stocks in other ASX companies, so no sleep lost again
4. I believe in the technology, so an echo of point 1 where I don't need much re-assurance
5. Brainchip is currently the most de-risked it's ever been, regardless of how we have received the information
6. Renesas/Megachips are yet to release their products and we are yet to understand the scale, which I'm glad management haven't hinted at
7. I like stocks with high risk/reward, it creates bargains for those willing to take a punt, like we all have
8. A heads-down approach could mean strong foundation - we currently can only speculate the scale of this Ai market
   • Would happily have sales come later than expected if the technology does in fact become ubiquitous.

 

[Mazewolf]

https://cosmosmagazine.com/technology/materials/mimic-human-vision-neuromorphic-chip/

A team led by researchers from Melbourne’s RMIT University has produced a tiny breakthrough device that “sees” and creates memories in a similar way to human vision. The research is published in the journal Advanced Functional Materials.

The device is a potential step toward applications such as self-driving cars and bionic eyes. It is only three nanometres thick – thousands of times thinner than a human hair – and requires no external parts to operate.

Yet it can capture, process and store visual information, just like the optical system of a human’s eyes and brain. And it does all of this with a tiny amount of data, making it a prime candidate for applications that require ultra-fast decision making.
cont. ...

sorry if reposted, looks interesting as use case for Akida in future...

 

[Fullmoonfever]

Hi Fmf,

There are, as you point out, CNN and SNN algorithms which run on CPU/GPU. Brainchip Studio was a SNN running on CPU. MetaTF Akida simulator is an SNN algorithm which runs on CPU.

However, when it comes to the Akida SoC, the silicon is the algorithm. The circuitry is set up to imitate the operation of the brain, in which the neurons operate asynchronously, firing when their set threshold is reached by the incoming spikes. This depends on whether the incoming spikes are a sufficient match (probability, not mathematical exactness) for the weights loaded into the neuron. The weights are derived from the model library. There is no "program" controlling the operation of Akida in its function of classification/inference. The associated processor is used to configure the connections between the NPUs to from the required layers and associate the weights with the NPUs, but are no "instructions" from the CPU for the actual classification process. Implementing instructions is a time and power consuming process. Once the NN is configured for the assigned task, the CPU minds its own business.

Awesome.

Thanks for the additional clarity.

So, when I read about SNN algos being written and requiring neuromorphic hardware to process, where does that step come in?

 

[Schnitzel lover]

Thanks for the civil and well articulated response Damo. Whether we agree on everything or nothing is irrelevant, being able to voice criticism, comment, or give praise in an environment without reprisal is what separates this forum from the other. I appreciate that.

With your 4 decent questions at the end, would an answer to those mean you are satisfied?
Cos it sounds like you have far more concerns than that.

To be fair I feel like a battered bull at the moment, I'm a human with emotions, and obviously seeing a significant amount of money slowly pissed up the wall, and my target become blimp on the horizon leaves me feeling very disappointing, a feeling we all no doubt share.

I think knowing more about the status of the aforementioned would go a long way to helping me make a more informed decision about this investment, and thats what we all need right? All true information available to enable us to make informed decisions, something which I don't think we have fully had up to now. This company has a great way of hinting things, but not saying anything, then hiding behind privacy contracts. I think this is horse shit, and believe thy could offer us much more.

The EAP is the key here. Knowing more information about the level and type of engagement, would help me to understand the potential future success of this company. If the company announced that all original companies remain engaged, the distribution of these companies was X, Y, Z, five are nearing the completion of their products, and ten are on hold - would feed me confidence. Where as if they announced that there has been no activity over the past 18 months, I would feel very differently. I believe we as shareholders are entitled to know this due to the ASX continual disclosure requirements, and any customer seriously engaged would understand this requirement very well.

Can anyone here truly say that they are happy with the level of information provided to them by the company? I mean as shareholders, what are we actually told?

Yes I think its a function of poorly performing share price. With an 85% reduction in share price off ATH's, with no visible non-Megachips IP signings, there's less the company can talk about that will satisfy shareholders. By its very nature, you'll be getting forward-looking guidance without confirmation.

When a company valuation is suffering, shareholders tend to go to the narrative or fundamentals and newsflow to try to find something to hold onto to justify their position. Getting more information and communication isn't going to make the share price better. It just simply a way of trying to psychologically justify a poor investment to yourself.

That's where I see things.. And is why I always manage risk appropriately.

 

[IloveLamp]

AFRL opens Extreme Computing centre for quantum computing research

The U.S. Air Force Research Laboratory (AFRL) has opened its Extreme Computing centre, as a component of national defence research - with a focus on The U.S. Air Force Research Laboratory (AFRL) has opened its Extreme Computing centre, as a component of national defence research - with a focus...

www.electronicsweekly.com

 

[IloveLamp]

Hewlett Packard advertising for a research scientist.....check out the preferred experience

"Experience with design and testing neuromorphic photonic integrated circuits is also preferred."

Hewlett Packard Labs - Silicon Photonics Research Scientist (Post-doc)

Hewlett Packard Labs - Silicon Photonics Research Scientist (Post-doc) This role has been designated as ‘’Onsite’ with an expectation that you will primarily work from an HPE office. Who We Are: Hewlett Packard Enterprise is the global edge-to-cloud company advancing the way people live and...

hpe.wd5.myworkdayjobs.com

 

[Diogenese]

Awesome.

Thanks for the additional clarity.

So, when I read about SNN algos being written and requiring neuromorphic hardware to process, where does that step come in?

As far as Akida is concerned, the configuration of the NN determining the number of layers and in allocating NPUs to each layer, and the determination of the weights from the model library are the functions carried out by the CPU preliminary to using the NN to classify input signal spikes.

For CPU based SNNs, the programme includes instructions to compare the model library imges and the incoming signals.

 

[WhiteDove]

52 week low... wow.

 

[Esq.111]

Afternoon WhiteDove ,

Try 33 Month Low ,

Regards,
Esq

 

[Xray1]

Seriously? In a veritable vacuum of information and updates from the company 40mins is barely enough imo. That response shows a complete lack of awareness by the company imo.

Personally, I was quite offended that they started the update firstly with the "Strike 1" situation about their remunerations ..... So imo, it seems to me that their first priority off the bat in that update was to cover their own monetary interests, well before the other interests / concerns of S/holders ....... this strike one issue imo could and should have been dealt with at the end of the next weeks upcoming update ........

 

[Foxdog]

Personally, I was quite offended that they started the update firstly with the "Strike 1" situation about their remunerations ..... So imo, it seems to me that their first priority off the bat in that update was to cover their own monetary interests, well before the other interests / concerns of S/holders ....... this strike one issue imo could and should have been dealt with at the end of the next weeks upcoming update ........

We'll if the SP continues to drop during this information hiatus then they'll be looking elsewhere for jobs.

 

[Falling Knife]

Far out!
Can people take things without twisting and making up stories that may or may not be true.
The question answer session was just that an opportunity to answer concerns of the shareholders.
We (as a shareholder group) certainly did expressed concern about the current planned remuneration package at the AGM.
Therefore it was brought up in the Q&A session. why do people have to add story to it like they are addressing their monetary plans first?
The order of the questions may or may not have been prioritised.

I, for one, feel if the remuneration packages are not part of the opportunities for employment, BRN may not have all the power to attract the best in the business going forward.
So how about attaching that story to why this concern was dealt with first in the Q&A.
I.E the board believes this is a vital part of the BRN implementation plan going forward to remain at the forefront of the neuromorphic leader board in terms of IP, employee quality and our technology advancements.
I am down a considerable amout atm. I too feel the pain and am hanging out for some revenue related news to excite the market.
I choose to hold beliving the board/directors of the company are going deliver on their plan and are progressing all things as required by the market to ensure BRN has a solid future.

 

[Xray1]

From the last Quarterly report it was stated therein that:

"The Company is currently experiencing its highest ever level of commercial engagements, the volume and quality of which are improving rapidly as a larger number of customers learn about BrainChip and our 2nd Generation technology which will be available in late Q3."

I do hope that the second generation Akida 2E, 2S & 2P does come out at the end of this quarter as stated by the Co as above that being the 30 September 2023... ( that being only some 6 weeks away ) ... imo, any delay in the delivery of the Akida Generation 2 will only further exaggerate negative s/holder sentiment, cause the s/price to fall further and more importantly put further doubt as to management's ability to provide creditability to the statements that they may make and time lines.

 

[wilzy123]

Yes I think its a function of poorly performing share price. With an 85% reduction in share price off ATH's, with no visible non-Megachips IP signings, there's less the company can talk about that will satisfy shareholders. By its very nature, you'll be getting forward-looking guidance without confirmation.

When a company valuation is suffering, shareholders tend to go to the narrative or fundamentals and newsflow to try to find something to hold onto to justify their position. Getting more information and communication isn't going to make the share price better. It just simply a way of trying to psychologically justify a poor investment to yourself.

That's where I see things.. And is why I always manage risk appropriately.

Dear Nigerian Prince.

Please deposit all your deep and meaningful share price posts into this thread (https://thestockexchange.com.au/thr...d-the-fugly-and-general-concern.139152/unread). They will be received well there as opposed to here.

Thanks.