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Hi EthinvestorI been away for multiple reason, iam patently holding large number of shares .. can somebody update my (preferably Fact finder or anybody with common sense and facts) if anything changed in company fundamentals or we still waiting soon for our first contract to happen ..or just a general info that we are still the only viable AI chip on the market with 5-7 year ahead of competitors?..etc thx in advance
The company fundamentals have continued to improve and accrue unrealised shareholder value in my opinion.
It has been confirmed by the CEO Sean Hehir in person to myself and others that Brainchip has succeeded in developing and running a number of Large Language Models, LLMs, on AKIDA 2.0 and that AKIDA 3.0 is on track and that its primary purpose will be to focus on running LLM's as its point of technology difference.
It was confirmed by Sean Hehir CEO to myself and others that assuming there is no interruption to present planning AKIDA 3.0 will make an appearance next year. It is still anticipated that a demonstration AKIDA 2.0 chip will be produced. Presently sophisticated customers who have experience of the AKD1000 commercial chip have expressed confidence in their ability to assess AKIDA 2.0 based solely on the IP and all those who were referred to as being given early access at the beginning of 2023 are now engaged or engaged again with Brainchip assessing and discussing AKIDA 2.0 and the commercial opportunities.
I assume that you have seen the list of publicly acknowledged engagements with the AKD1000 chip which totals about 40 companies. Well with the assistance of the mathematical superstar Blind Freddie I have been able to calculate that as Sean Hehir said in his recent podcast that about 75% of current engagements are in respect of AKIDA 2.0 then the raw number of companies based on 40 companies being 25% of current engagements then this would mean 120 companies are engaged currently in respect of AKIDA 2.0.
Hopefully it is clear in the above paragraph that these numbers are based solely on the known AKD1000 engagements confirmed in writing by Tony Dawe a couple of months ago. Since that time there has been multiple confirmations by Brainchip employees that Brainchip's engagements includes companies that wish to remain anonymous but what we do know is that Rob Telson in a presentation in the last few months stated they have many hundreds of companies testing AKIDA technology via Brainchip's Boxes and Raspberry Pi offerings.
It was also confirmed by Sean Hehir CEO to myself and others that the cost to Brainchip of the first ever neuromorphic EDGE Box being produced and marketed by VVDN is not material. The sale price of the VVDN EDGE Box is expected to be very, very competitive and it will be aimed at retail and security applications. In retail a likely application will be stock control on shelves.
While Brainchip will have it as an offering on their website they will primarily be using it for sales purposes as it provides an opportunity to show a real world product being benchmarked against other in the market products from Nvidia and the like. It was also confirmed that Brainchip has a significant stockpile of the AKD1000 chips sufficient to meet any ongoing demand from VVDN for the EDGE Box and their own internal requirements to keep producing the Box and Raspberry Pi for customers to trial.
It was confirmed by Sean Hehir CEO to myself and others that the AKD1000 chip was definitely not a failure and that it is an extraordinary engineering and scientific achievement but that it was narrowly focused excluding many market opportunities which has been addressed by AKIDA 2.0 which is a creature of customer feedback and requests as they explored the possible use cases of AKD1000.
It was also confirmed by Sean Hehir CEO to myself and others that the partnership between Nvidia and Edge Impulse has significant flow on benefits to Brainchip in that it allows potential customers to directly port Nvidia software and models onto AKIDA technology greatly expanding the applications already created and provided in the AKIDA Model Zoo. There is absolutely no downside to this as far as Brainchip is concerned and in fact should encourage consideration of AKIDA technology once potential customers can see the advantages that accrue in using AKIDA over other offerings.
It was confirmed by Sean Hehir CEO that TENNS can be used with other technology and improve that technologies performance however to maximise its performance a customer would be advised to run it with AKIDA. (This confirmed Diogenes's suggestion that TENNS could find its own place in the market.)
It was also confirmed by Sean Hehir CEO to myself and others that they have not lost out to any competitor product during customer assessments and those customer engagements that have not proceeded have been as a result of issues within the target companies. One company they had won and expected to sign a contract with, overnight closed down its operation and laid off some thousands of workers.
It was also confirmed by Sean Hehir CEO, Geoff Carrick Director and Tony Dawe that all the publicly notified companies continue to engage with Brainchip.
As mentioned in my previous post it was confirmed by Sean Hehir CEO that they now have over 80 employees and expect to appoint the replacement for Chris Stevens shortly. Sean Hehir CEO stated that he is very pleased with the proposed appointment.
One further thing I would add of interest is that Sean Hehir also confirmed to myself and others that AKIDA technology has shown the ability to be applied for noise cancellation in headphones and hearing aids.
I should also add that this meeting took place on 6 November, 2023 in Sydney.
My opinion and recollection only but others may wish to confirm the accuracy of the above and remember to DYOR.
Regards
Fact Finder
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