It actually will change a lot.
First of all, I personally don’t believe that AKD1000 was a flop. It did exactly what it was intended to do from a technical perspective, and was celebrated by those that verified it (Socionext, NASA, etc.). The impression given by the company is that the EAP customers wanted changes which were supposedly implemented into mk2. If this is the case, then there’s no reason (other than the time required for functional tests and verification) that these ‘customers’ wouldn’t sign a material contract.
I have no experience what the timeframes are here, but would guess that the EAP customers would have completed much of what it required over the past two+ years’ of engagement with Brainchip, and the timeframes attached to this phase could be much faster. This coupled with the fact that the economy (although a long road to recovery) has started to show slowing inflation, and the war in Ukraine is now showing a reduced effect on global markets, creating a more inviting environment for product releases. I would hope to see at least one new contract before the next AGM or we could be looking at a failure. Given the cocky statements made by management, even in the light of a train-wreck of a financial report, I suspect that they hope/suspect that this is how things will play out too. I remain optimistic for now.
Of course I could have it all very wrong.
Excellently worded post.
AKD 1000 was NOT a flop, the company is still pursing opportunities with the chip, it has a place in our suite of products for the right customer who is attempting to produce a certain product, not forgetting this was an remarkable achievement in the first place !
It not only introduced the world to Spiking Neural Networks, Proof of Concept it opened up the gateway to further discussions which led to the CNNSNN function and now the more advanced, hand-picked technology that "several clients specifically requested" in our soon to be released AKD 2.0
Antonio explained it beautifully in this weeks podcast, please listen to him again from the 15m 30s section onwards, maybe I'm the only one here who is listening, this man has more experience in this field than many, many others...he knows what the long game is, "I'd be long on AI" and I'd suggest anyone here with any sort of vision already knows that.
Possibly the issue really is that,
we are so further advanced than any other company spearheading this groundbreaking technology that, we are facing "all the headwinds" on top of the normal challenges facing companies, as in, micro economics etc.
Disruptive technology, is just that, it's disruptive, time consuming to get the ball to rotate in a completely different direction, the momentum has to change, and it is....AI is all the buzz, it wasn't 12/24 months ago.
"noting that several active customers elected to defer their evaluation of BrainChip’s technology until after the expected release of Akida 2.0 in August 2023"
Antonio J Viana.
He also mentioned in the podcast that in the early stages, if a company does sign a license, that the next phase could be 2/3 years and even then a product may never even see the light of day, let alone be a success in the marketplace.
Still very comfortable with my overall evaluation of our company in 16 months time, until then, keep riding the big waves, I'd suggest there's more to come, but that's purely my opinion....anyone fancy a game of two-up
Tech x
