BRN Discussion Ongoing

davidfitz

Regular
Good morning,

Our CFO Ken Scarince seems to be very active recently, he must be kicking some big goals, correct me if I'm slightly off here,
but hasn't he been awarded/converted around 5 million shares recently, moving into the top 20 for the first time that I'm aware of.

What's he know that I don't ? :unsure: ...sounds like he's in the prime spot, 1 out, 1 back on the track. :ROFLMAO::ROFLMAO:

Quarter coming to an end, I'm not expecting anything to be totally honest, the pattern has showed no signs of changing just yet, sadly.

Tech.
For those who have been around long enough Ken was heavily involved with the investor side of things before his title changed to CFO. Whilst we have no idea of the impact of his tireless work in the past we may just be a bit closer to finding out :unsure:. The respect shown to some of us earlier investors was admirable.


Attending these shows represents excellent opportunities to educate investment communities about how AI will impact markets into the future as well as evangelize BrainChip’s unique vision and capabilities in the technology space.

He was also instrumental in creating the ADR.


BrainChip Chief Financial officer, Ken Scarince commented, “The versatility and widespread appeal of an ADR program among US institutions will allow BrainChip to continue on its path of pursuing high accessibility to the US capital markets. We believe the strong demand for high-growth potential, Artificial Intelligence stocks in the US will result in an influx of US investment and ultimately an increase in shareholder value.”

He has continued to do so from time to time.


“From detailing how Edge AI is the compute model of the future to showcasing our leading position as the first and only commercial producer of neuromorphic AI IP solutions, we look forward to showing Oppenheimer investors how we are helping overcome the challenges in a high-potential AIoT market that will deploy more than a trillion intelligent Edge devices by 2030,” said Ken Scarince, CFO at BrainChip. “We’re using neuromorphic computing as a critical enabler to accelerate radically new intelligent services and applications. This is an excellent opportunity to learn more about this technological sea change and how BrainChip is leading the way with its Akida IP.”
 
  • Like
  • Love
  • Fire
Reactions: 30 users

mcm

Regular
Wow! That was a good read @ Bravo, i remember FF had wrote about the Nvidia Killer.
So why would Nvidia not try to take over BrainChip given in USD terms the current MC must seem as cheap as chips I’m looking fwd to the day a tier one like Nvidia will make an offer PVDM and other major holders can’t refuse. 😎
 
  • Like
  • Fire
  • Wow
Reactions: 8 users

Guzzi62

Regular
So why would Nvidia not try to take over BrainChip given in USD terms the current MC must seem as cheap as chips I’m looking fwd to the day a tier one like Nvidia will make an offer PVDM and other major holders can’t refuse. 😎
I been wondering the same.

It's actually worrying if none of the big companies will try buying brainchip, they don't really consider them a treat if that's the case.

Okay Nvidia isn't only edge but got really many things going on, like working for M.B..
 
  • Like
  • Haha
Reactions: 2 users

7für7

Top 20
Why do some people still think that BrainChip would consider selling just before a breakthrough? That’s like selling your stocks at an all-time low, knowing they’re about to rise soon. Nobody sells their company if it hasn't reached significant value… or would you sell your business or properties when prices are at their lowest? Why does this topic keep coming up? It makes no sense.
I hope the management has more foresight and confidence than some people here
 
  • Like
  • Fire
Reactions: 11 users

Diogenese

Top 20
So why would Nvidia not try to take over BrainChip given in USD terms the current MC must seem as cheap as chips I’m looking fwd to the day a tier one like Nvidia will make an offer PVDM and other major holders can’t refuse. 😎
Nvidia are real skinflints - they only offered $40 Billion for ARM.

It would be interesting to see the FIRB reaction ...
 
  • Like
  • Fire
  • Haha
Reactions: 13 users

BrainShit

Regular
I notice they are writing their website address as brainchip.ai

.... and redirect to brainchip.com
This is a regular technique if you use more than one domain.
 
  • Like
Reactions: 6 users

Guzzi62

Regular
Why do some people still think that BrainChip would consider selling just before a breakthrough? That’s like selling your stocks at an all-time low, knowing they’re about to rise soon. Nobody sells their company if it hasn't reached significant value… or would you sell your business or properties when prices are at their lowest? Why does this topic keep coming up? It makes no sense.
I hope the management has more foresight and confidence than some people here
You are turning the question around!

If anyone is interested in buying BRN that's not the same as not for sale is it??

My house is not currently for sale but if someone offered me 2 mill$, its gone on the spot.

So this topic will be coming up not matter if you like it not.

No it would likely not be good for us shareholders if the company is sold now but we were discussing IF ANYONE ARE INTERESTED!!!!!!

An offer have to be approved by the shareholders.

Do you understand now 007???
 
  • Like
Reactions: 4 users

MDhere

Top 20
  • Like
Reactions: 2 users

7für7

Top 20
You are turning the question around!

If anyone is interested in buying BRN that's not the same as not for sale is it??

My house is not currently for sale but if someone offered me 2 mill$, its gone on the spot.

So this topic will be coming up not matter if you like it not.

No it would likely not be good for us shareholders if the company is sold now but we were discussing IF ANYONE ARE INTERESTED!!!!!!

An offer have to be approved by the shareholders.

Do you understand now 007???
I think you don’t understand… and I would sell my bicycle for 2,5 million if someone would make me an offer.. what kind of statement is that? IF ANYONE IS INTERESTED… if a dog had wheels, he would be a bicycle…
 
  • Haha
Reactions: 3 users

schuey

Regular
  • Like
Reactions: 1 users

jtardif999

Regular
Did the Optimus Satellite, have Beacon on board, is the big question?..

ANT61 are encouraging organisations to use it, so it must be ready for implemention?

View attachment 64963

You would think that they would've taken the opportunity with the Optimus Satellite, as a first use case and not real good, if they couldn't use it, to establish a connection..

Or maybe it's all part of their plan..

"Hey, we just established contact with Optimus, using Beacon. Good thing we had that particular piece of hardware onboard!"..
..the ultimate in proving a technology, demonstrate the usecase you are trying to sell.
 
  • Like
Reactions: 2 users

Quatrojos

Regular
I think you don’t understand… and I would sell my bicycle for 2,5 million if someone would make me an offer.. what kind of statement is that? IF ANYONE IS INTERESTED… if a dog had wheels, he would be a bicycle…
My dog has four legs.
 
  • Haha
  • Like
Reactions: 9 users

KKFoo

Regular
I asked Ant61 whether the Optimus satellite carries the Ant61 Beacon and the answer is no. Not sure this has been posted, I never read all the messages in this forum because of too much noises. Have a nice day..
 
  • Like
Reactions: 10 users
Bring on 27th June @Pom down under :)
May I ask why as the only thing of interest on the 27th is

IMG_0630.png
 
Last edited:
  • Haha
  • Like
  • Thinking
Reactions: 11 users

7für7

Top 20
  • Like
  • Haha
Reactions: 2 users
Yr super contribution :)
It takes a while to clear so maybe a week or so after 😆 but I’ve got a few $$$$ at the ready and holding off for a bit 🙏
 
  • Like
Reactions: 3 users

em1389

Member
  • Like
Reactions: 1 users

Frangipani

Top 20
While it is perfectly conceivable that Meta could be exploring BrainChip’s offerings behind an NDA wall of silence, I don’t see any conclusive evidence at present that we are indeed engaged with them.

D58E16BD-29F5-4898-A4FC-2BC3034DF3A6.jpeg



In my opinion, FF is once again jumping to conclusions.
He is basing his reasoning for adding Meta to his personal list of BrainChip’s engagements on a supposed fact, namely that Chris Jones was introduced to BrainChip and TENNs while working at Meta, even though this premise has not been verified - it is merely FF’s interpretation of the following quote (from 3:18 min, my transcript):

“So, about a year ago, uh, I was at Meta, I was in their AI Infrastructure Group, and on an almost daily basis I would see new neural network architectures.

So, when I was introduced to BrainChip, I didn’t think I would really be impressed by anything a small team was gonna develop, erm. They told me about TENNs, I was a little bit skeptical to be honest at first. As I started getting to understand the benchmarks and a little bit more of the math and how it worked, I started to get pretty excited by what they had.”


It is a hasty judgement to draw the conclusion that the above quote necessarily expresses simultaneity rather than considering the alternative - posteriority.

Chris Jones himself does not explicitly state that he was introduced to BrainChip and TENNs while working for Meta (picture BrainChip staff giving a power point presentation at Meta’s premises).
Rather, this is what FF read into his words.

But there is another way to interpret that quote; one, which makes more sense to me:

When I started watching the video of Chris Jones’s presentation on TENNs, my immediate thoughts were that a) BrainChip had sent an excellent speaker to the 2024 Embedded Vision Summit in May to replace Nandan Nayampally (who had originally been scheduled to give that talk), and b) how job loss can turn out to be a blessing in disguise.

What FF doesn’t seem to be aware of is that Chris Jones had been affected by one of Meta’s 2023 mass layoffs. It must have been the April 2023 round, as in his LinkedIn post below he mentions over 4000 other employees sharing his fate as well as the fact that he had been with the company for only 11 months. This aligns with his employment history on LinkedIn, according to which he started as a Senior Product Technical Program Manager at Meta in June 2022.

115847CC-9330-45C2-A96F-B659C223B2ED.jpeg



21B6AEA0-9E91-49F6-BF80-E53D44F67217.jpeg



Under California law (the so-called WARN Act) companies over a certain size need to give affected employees at least 60 days advance notice in case of significant workforce reductions, which in combination with a severance pay package would account for Chris Jones’s LinkedIn profile stating he was with Meta until July 2023, even though he appears to have been laid off in April 2023.


E662A15D-3468-499D-9690-824DA99393EA.jpeg



Judging from the practice observed with other US tech giants handling domestic layoffs, it is however highly likely that from the day the layoff was communicated, the affected employees would - with immediate effect - no longer have had any access to their company emails, computer files and confidential information, despite remaining on the company payroll for another two to four months (depending on their respective severance pay packages).

And unless Meta was an EAP customer of BrainChip at the time (for which there has never been any indication whatsoever), Meta employees would not have been privy to any details about TENNs prior to BrainChip’s white paper publication on June 9, 2023 - weeks after Chris Jones had found out about being laid off and had since presumably been cut off from the company’s internal communication channels and flow of information.


31dee624-a87d-4bea-8043-c1c136c3b032-jpeg.65034


So chances are he did not develop his enthusiasm for BrainChip and TENNs in his role as Senior Product Technical Program Manager at Meta - but rather while job hunting post-layoff!

Luckily for both Chris Jones as well as BrainChip, getting introduced to each other seems to have turned out a win-win situation.
Chris Jones is clearly an asset to our company from what I can tell through him presenting in public, and hopefully he will be able to proudly tell his daughter one day that when she was a toddler, he turned a job loss into an immense gain by serendipitously discovering what BrainChip had to offer.

And who knows - maybe Chris Jones has been/is/will be the one introducing BrainChip to his former Meta colleagues. But as for now, Meta stays off my personal (virtual) list of BrainChip’s engagements.

DYOR.
 

Attachments

  • 31DEE624-A87D-4BEA-8043-C1C136C3B032.jpeg
    31DEE624-A87D-4BEA-8043-C1C136C3B032.jpeg
    499.2 KB · Views: 948
  • D34F9FCF-F9EA-4EBC-9D2B-8467608885C7.jpeg
    D34F9FCF-F9EA-4EBC-9D2B-8467608885C7.jpeg
    474.9 KB · Views: 57
  • Like
  • Fire
  • Love
Reactions: 25 users
Top Bottom