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Thanks for the update Wags.It seems to have just come live
smart-living
Thanks for the update Wags.It seems to have just come live
smart-living
https://brainchip.com/brainchip-completes-acquisition-of-spikenet/
BrainChip Completes Acquisition of Spikenet
ALISO VIEJO, CA — (Marketwired) — 09/06/16 — BrainChip Holdings Ltd (ASX: BRN) (“BrainChip” or “the Company”), announced today it has completed the acquisition of Spikenet Technology SAS (“Spikenet”), a revenue-producing, France-based Artificial Intelligence (Al) company and leader in computer vision technology, first announced by BrainChip on June 30, 2016.
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About Spikenet
Spikenet, based in Toulouse, France, is an “Artificial Vision Specialist”, using Spiking Neural Networks to create superior computer vision solutions. Spikenet provides tools and programs that are able to rapidly learn to recognize objects, people and anomalies. Spikenet’s current products have been sold in the security, transport, media, industrial vision, and gaming sectors. Please visit www.spikenet-technology.com to learn more.
Let me acknowledge right up front that our revenue numbers are not there yet. The evaluation and design cycle are longer, deeper, and more complex than we anticipated as customers plan their strategic roadmaps. However, after hearing my prepared remarks, hopefully you too will share my conviction that we are a much stronger and a better positioned company and share my optimism in our near-term and long-term success.
The under pressure CEO has been heavily criticised for his big salary and bonuses and distinct lack of commercial success since joining. However, he remains confident on delivering the goods for shareholders. He adds:First and foremost, I know we need to close license sales. We have several engagements that have been in evaluation for over 1 year that are near closing in on a decision. These engagements are with leading companies in audio, IOT, and microcontroller segments.
Time will tell if this proves to be the case or if the next 12 months will just be more of the same – all hype and no substance.The board brought me on with a critical mission: to transform a promising technology into a successful product for a challenging market, while establishing the sales and marketing capabilities to drive its adoption.
We are doing the right things. I know we are on the right trajectory. When I pair all these actions with the emergence of a true edge AI market, I am more confident than ever that we are on the cusp of generating sustainable revenue streams. BrainChip has the momentum in place and potential to emerge as the undisputed leader in the exciting and continuously growing Edge AI market.
BeEmotion is the new name for NVISO... and part of BRN demo's at the recent embedded vision expo.Further to my post above when BeEmotion (NVISO imo) was discovered, it appears there has been a refresh and launching soon. Australia, Japan & Switzerland.
BeEmotion
www.beemotion.ai
View attachment 63934
Not in Australia... hence the media release.Did we have this one already? I don't remember.
Press Release
BrainChip Earns Australian Patent for Improved Spiking Neural Network
Business Wire Send an email3 weeks ago
2 minutes read
LAGUNA HILLS, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI, received its latest Australian patent, further strengthening its IP portfolio related to sustainable and efficient AI technologies.
Patent AU2022287647, “An Improved Spiking Neural Network,” facilitates low-shot learning. Learning is performed by adding neurons to the final layer of a previously trained network to represent a new class, with the neural network weights of the added neuron being trained with only a few samples while the remainder of the network remains unchanged. Applications impacted by this patent include biometric face recognition, speech recognition and anomaly detection in industrial systems.
BrainChip’s AkidaTM IP and MetaTFTM tools seamlessly transforms contemporary neural networks into event-based or spiking networks. This patented technology is uniquely synergistic with the converted spiking networks, enabling the streamlined deployment of Edge learning algorithms and unlocking use cases that conventional AI solutions cannot achieve.
“To push the limits of AI on-chip compute, we need to continuously push the envelope of what is possible with neuromorphic technology,” said Sean Hehir, CEO of BrainChip. “BrainChip’s expanding patent portfolio ensures our freedom to practice our own inventions and to prevent others from infringing on our highly innovative intellectual property. This latest Australian patent is the next step in advancing Edge AI further than ever before.”
BrainChip’s portfolio now comprises 20 issued patents (13x US, 5x AU, 2CN). In addition, there are 23 pending patent applications across the US, Europe, Australia, Canada, Japan, Korea, India and Israel.
Why are Brainchip shares racing higher after its AGM?
This struggling semiconductor stock is having a good session. But why?
Warning: Motley Fool!!
Why are Brainchip shares racing higher after its AGM?
Brainchip Holdings Ltd (ASX: BRN) shares are having a strong session on Tuesday. What's going on with the tech stock today?www.fool.com.au
Brainchip Holdings Ltd (ASX: BRN) shares are rebounding on Tuesday.
In afternoon trade, the struggling semiconductor company's shares are up 6% to 26.5 cents.
Why are Brainchip shares rising today?
Investors have been buying the company's shares for a couple of reasons.
One is the release of its annual general meeting (AGM) update this morning. The other is news that the company has managed to avoid a spill of its board at this meeting.
In respect to its AGM update, Brainchip CEO, Sean Hehir, acknowledged that the company hasn't delivered meaningful revenue yet, and was disappointed by this, but remains positive on the future. He said:
Licensing deals
Hehir believes the company is close to getting an answer from some potential customers after being in discussions for over a year. He said:
The under pressure CEO has been heavily criticised for his big salary and bonuses and distinct lack of commercial success since joining. However, he remains confident on delivering the goods for shareholders. He adds:
Time will tell if this proves to be the case or if the next 12 months will just be more of the same – all hype and no substance.
Board spill avoided
Brainchip shares may also be rising today after the company avoided a disruptive board spill.
While 33.41% of votes were against its remuneration report, a sizeable 85.59% of votes were against spilling the board.
Further to my post above when BeEmotion (NVISO imo) was discovered, it appears there has been a refresh and launching soon. Australia, Japan & Switzerland.
BeEmotion
www.beemotion.ai
View attachment 63934
And your point is????
I hope that someday someone writes a story about the journey we are all on we are all here be it from different places or different times or different perspectives but we are all here. We wait some are ok with itDon't forget....that's the pointy, point toasty, you appreciate NDA's and why they are in place in the first place, and as such the curtains
will remain closed until such time as either party concerned agrees to remove them, so the waiting, dot joining and impatience remains
the number one annoyance for many shareholders.
You still whinging about management ? 85% + didn't think it warranted a spill just yet, maybe this time next year the story will be
completely reversed, but not from where I stand.
Anything worth contributing to the forum toasty ? just asking for a friend.
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