BRN Discussion Ongoing

[Smoothsailing]

Succinct summary posted the other day.

Liked they mentioned "analysts" are watching the stock and progress. Trust any upcoming positives / wins could encourage additional coverage by said analysts and brokers.

BRN (BRN) Share Update July 2024 Thursday 25th - Share Purchase Plan Offer - BRN

BrainChip Announces New Share Purchase Plan for Investors

aussieequities.com

BrainChip Launches Share Purchase Plan to Raise Additional Capital​

BRN (BRN) Share Update July 2024 Thursday 25th​

July 2024 Thursday 25th by Michael

BrainChip Announces New Share Purchase Plan for Investors

BrainChip Holdings Ltd (ASX: BRN) has announced a new Share Purchase Plan (SPP) to raise additional capital, offering existing shareholders the opportunity to purchase up to A$30,000 in additional shares at a discounted price.

Instant Summary:​

• Opportunity to purchase up to A$30,000 in additional shares.
• Shares priced at A$0.193 each, a discount from recent trading prices.
• Target to raise up to A$3 million, with flexibility to adjust the amount.
• No transaction or brokerage costs for participating shareholders.
• Funds to support commercialisation of Akida 2.0 and development of new products.

---

Details of the Share Purchase Plan​

On 25 July 2024, BrainChip Holdings Ltd announced a new Share Purchase Plan (SPP) as part of a broader capital raising effort. This plan allows eligible shareholders to purchase up to A$30,000 worth of additional shares at a price of A$0.193 per share. This price represents a 3.5% discount to the last closing price of A$0.20 per share on 22 July 2024, and a 4.0% discount to the 10-day volume-weighted average price (VWAP) of A$0.201 per share.

Eligibility and Participation​

The SPP is available to shareholders who were on the company register at 7:00 pm (Sydney time) on 24 July 2024 and have a registered address in Australia or New Zealand. The plan aims to raise up to A$3 million, although the company reserves the right to raise more or less than this amount at its discretion. The SPP will close on 15 August 2024 at 5:00 pm (Sydney time), with shares allotted on 22 August 2024 and quoted on the ASX on 23 August 2024.

Use of Funds​

The funds raised through the SPP and the broader placement will primarily support the commercialisation of BrainChip's Akida 2.0 technology and the development of the new TENNs product. Additional uses include accelerating the development of TENNs technology, creating derivatives for sales opportunities, and developing a cloud-based FPGA system for customer evaluations. The company also plans to invest in ongoing research and development and fulfill obligations under the Put Option Agreement with LDA Capital.

Risks and Considerations​

Investors should be aware of several risks associated with this investment. These include potential delays in product development and sales, challenges in customer adoption, funding risks, and the protection of intellectual property. Additionally, general economic conditions and market risks could impact the company's performance. Shareholders should read the SPP terms and consider these risks before making an investment decision.

Impact Analysis

The announcement of the SPP is likely to have a mixed impact on BrainChip's stock price. On one hand, the discounted share price may attract existing shareholders to increase their holdings, potentially providing a short-term boost to the stock. On the other hand, the potential dilution of shares and the risks associated with the company's ongoing projects could weigh on investor sentiment. The success of the SPP and the company's ability to effectively use the raised funds will be crucial in determining the long-term impact on the stock.

Investor Reaction:​

Initial reactions from investors and analysts have been cautious. Some investors appreciate the opportunity to purchase additional shares at a discount, while others are concerned about the potential dilution and the risks outlined in the SPP terms. Analysts are closely watching how BrainChip plans to use the funds and the progress of their ongoing projects.

Conclusion:​

Investors should carefully consider the details and risks associated with BrainChip's Share Purchase Plan before making a decision. The company's ability to successfully commercialise its technologies and manage the raised funds will be key factors in its future performance. Shareholders are encouraged to stay informed and monitor the company's announcements and progress.

So does this mean Sean has decided to tap out a Gen 2 chip now ?

 

[Guzzi62]

So does this mean Sean has decided to tap out a Gen 2 chip now ?

No, not as I understand it but I been wrong many times before.

Quote:

Use of Funds​

The funds raised through the SPP and the broader placement will primarily support the commercialisation of BrainChip's Akida 2.0 technology and the development of the new TENNs product. Additional uses include accelerating the development of TENNs technology, creating derivatives for sales opportunities, and developing a cloud-based FPGA system for customer evaluations. The company also plans to invest in ongoing research and development and fulfill obligations under the Put Option Agreement with LDA Capital.

 

[supersonic001]

MosChip® on LinkedIn: #moschip25years #moschipsilverjubilee #moschipanniversary | 12 comments

THANK YOU! For all the trust, support & togetherness in every situation for these 25 years. Together we began Together we travel Together we… | 12 comments on LinkedIn

www.linkedin.com

Well there you go, hopefully Branchip are a part of the ongoing 25years of nxt level innovation of industry !!

 

[Slade]

Our CEO along with leaders of other companies (Edge Impulse for example) have made the comment that up until quite recently many companies were looking at AI technology and asking 'what can it do for us'. This has shifted to 'we need your AI do xyz for us'. It has taken time to establish a need for AI, but it would appear that it has arrived.

Brainchip put out Akida 1.0 and got feed back from their EAPs. They promised their EAPs that they would meet their additional requirements with Akida 2.0. It has only been around 8 months since Akida 2.0 and TENNS were first made available for early access.
Point is, I can can totally understand why we haven't seen our EAPs signing IP contracts, yet!!!

From the Brainchip website there are a number of quotes from a wide range of technology leaders. The first quote below is from a senoir vice president of Renesas who is clearly very positive about the improvements made to akida. The second is from the CEO of Prophesee who states that he looks forward to getting started with Akida 2.0 and TENNs. On the scale of things, these quotes were not made very long ago.

1. "We see an increasing demand for real-time, on-device, intelligence in AI applications powered by our MCUs and the need to make sensors smarter for industrial and IoT devices. We licensed Akida neural processors because of their unique neuromorphic approach to bring hyper-efficient acceleration for today’s mainstream AI models at the edge. With the addition of advanced temporal convolution and vision transformers, we can see how low-power MCUs can revolutionize vision, perception, and predictive applications in a wide variety of markets like industrial and consumer IoT and personalized healthcare, just to name a few."

2. "At Prophesee, we are driven by the pursuit of groundbreaking innovation addressing event-based vision solutions. Combining our highly efficient neuromorphic-enabled Metavision sensing approach with Brainchip’s Akida neuromorphic processor holds great potential for developers of high-performance, low-power Edge AI applications. We value our partnership with BrainChip and look forward to getting started with their 2nd generation Akida platform, supporting vision transformers and TENNs."

We know from the last AGM that Brainchip is closing in on some potential contracts and that we will know soon enough whether we have won them or not. Meanwhile, the company hasn't stood still. The inroads that management and the whole team have made into the space industry is impressive and should give investors further confidence.

 

[Bravo]

:

Our CEO along with leaders of other companies (Edge Impulse for example) have made the comment that up until quite recently many companies were looking at AI technology and asking 'what can it do for us'. This has shifted to 'we need your AI do xyz for us'. It has taken time to establish a need for AI, but it would appear that it has arrived.

Brainchip put out Akida 1.0 and got feed back from their EAPs. They promised their EAPs that they would meet their additional requirements with Akida 2.0. It has only been around 8 months since Akida 2.0 and TENNS were first made available for early access.
Point is, I can can totally understand why we haven't seen our EAPs signing IP contracts, yet!!!

From the Brainchip website there are a number of quotes from a wide range of technology leaders. The first quote below is from a senoir vice president of Renesas who is clearly very positive about the improvements made to akida. The second is from the CEO of Prophesee who states that he looks forward to getting started with Akida 2.0 and TENNs. On the scale of things, these quotes were not made very long ago.

1. "We see an increasing demand for real-time, on-device, intelligence in AI applications powered by our MCUs and the need to make sensors smarter for industrial and IoT devices. We licensed Akida neural processors because of their unique neuromorphic approach to bring hyper-efficient acceleration for today’s mainstream AI models at the edge. With the addition of advanced temporal convolution and vision transformers, we can see how low-power MCUs can revolutionize vision, perception, and predictive applications in a wide variety of markets like industrial and consumer IoT and personalized healthcare, just to name a few."

2. "At Prophesee, we are driven by the pursuit of groundbreaking innovation addressing event-based vision solutions. Combining our highly efficient neuromorphic-enabled Metavision sensing approach with Brainchip’s Akida neuromorphic processor holds great potential for developers of high-performance, low-power Edge AI applications. We value our partnership with BrainChip and look forward to getting started with their 2nd generation Akida platform, supporting vision transformers and TENNs."

We know from the last AGM that Brainchip is closing in on some potential contracts and that we will know soon enough whether we have won them or not. Meanwhile, the company hasn't stood still. The inroads that management and the whole team have made into the space industry is impressive and should give investors further confidence.

Hi @Slade,

It's funny but I never noticed this until just now that Roger Wendelken, Senior Vice President Renesas’ said “We licensed Akida neural processors" . Processors PLURAL.

Maybe I'm reading too much into it as per usual, but the above statement from May 2023 seems to imply Renesas have licensed more than just that first processor with just 2 nodes (which is what I thought they started with), especially since he talks about seeing the potential to revolutionise the market with the addition of TENN's and Vit's.

 

[Smoothsailing]

I asked the question on BRN linkden… Does BRN see themselves getting involved in the chiplet revolution at some point.
I don’t see why this cannot be answered, we shall see their response.

 

[Kachoo]

:



Hi @Slade,

It's funny but I never noticed this until just now that Roger Wendelken, Senior Vice President Renesas’ said “We licensed Akida neural processors" . Processors PLURAL.

Maybe I'm reading too much into it as per usual, but the above statement from May 2023 seems to imply Renesas have licensed more than just that first processor with just 2 nodes (which is what I thought they started with), especially since he talks about seeing the potential to revolutionise the market with the addition of TENN's and Vit's.

I suspect Renesas and MegaChips both got upgraded with 2.0 at no cost. I'm not viewing it as for free but good business practice particularly scince we have not heard much more. Or seen any more news just IMO.

 

[CHIPS]

BrainChip on LinkedIn: Engage your Sensors with Akida BrainChip's Akida excels in processing…

Engage your Sensors with Akida BrainChip's Akida excels in processing data from various sensor types, enhancing real-time analytical decision-making and…

www.linkedin.com

View attachment 67160

We always read about new positions to be filled, but are they really new or are they replacements for people who left because they found a better position? Maybe people left also because they knew that the company was going nowhere and they left the sinking ship??

I don't trust Sean, never have, but I do trust Antonio, I don't know why. But in the end, they might only take their money and go somewhere else when the company is bankrupt. I cannot leave or I don't want to leave with a loss of 50%. I hate Sean for that.

I am also wondering why no other company is trying to buy BRN and its new technology.

 

[FromBeyond]

We always read about new positions to be filled, but are they really new or are they replacements for people who left because they found a better position? Maybe people left also because they knew that the company was going nowhere and they left the sinking ship??

I don't trust Sean, never have, but I do trust Antonio, I don't know why. But in the end, they might only take their money and go somewhere else when the company is bankrupt. I cannot leave or I don't want to leave with a loss of 50%. I hate Sean for that.

I am also wondering why no other company is trying to buy BRN and its new technology.

I sprinkle vinegar on these speculations.

 

[Bravo]

We always read about new positions to be filled, but are they really new or are they replacements for people who left because they found a better position? Maybe people left also because they knew that the company was going nowhere and they left the sinking ship??

I don't trust Sean, never have, but I do trust Antonio, I don't know why. But in the end, they might only take their money and go somewhere else when the company is bankrupt. I cannot leave or I don't want to leave with a loss of 50%. I hate Sean for that.

I am also wondering why no other company is trying to buy BRN and its new technology.

Well, hate is a strong word. But on a constructive level, I do think it would be very beneficial for shareholders to be able to identify staff turn-over, to track the jobs where the highest turn-overs may be occurring at least.

 

[CHIPS]

Well, hate is a strong word. But on a constructive level, I do think it would be very beneficial for shareholders to be able to identify staff turn-over, to track the jobs where the highest turn-overs may be occurring at least.

Yes, you are right. HATE is too strong. I was going to change it, but you had already copied and replied. It is my own fault, that I did not sell earlier, but my trust in this company and the management was strong, too strong I am afraid. I still hope for a change, a quick one within a few months, as mentioned by Sean and Antonio. If that happens I will apologize to Sean, but not before.

 

[CHIPS]

Who is telling them ...? It would be so easy to save a lot of money.

 

[Diogenese]

Spot on @Fenris78! Well said!

I certainly don't want to speak for anyone else but I reckon you're right on the money here.

There appears to be a massive divergence between the very credible and reputable companies who claim our technology is the bees-knees, versus our ability to actually land any deals/licences.

As a LTH, I think it's incredibly difficult to understand why this is. I certainly haven't given up hope just yet. I attribute my ongoing confidence more to those companies that endorse us so much through their continued positive feedback (not that it gets announced anywhere), rather than because of anything our company seems to be doing particularly well ATM, sadly.

Maybe this will change in the near future. I certainly hope so.

Stop me if you've heard this before:

I have drunk the Kool Aid (even though I thought dropping Akida 1 chips was a mistake at the time, not knowing about TeNNs).

Akida 1 is an advanced digital SNN processor. There are some less capable SNN processors produced by startups finding their way to market, both analog and digital. The big players are still trailing behind.

The field of AI technology is undergoing an unprecedent rate of change and this makes it extremely difficult to gain traction in the market. There has never been such a rapid and continuous rate of development in the field of electronics as we are witnessing today.

At this stage of the company’s development the company is in a protracted pre-revenue period in which the business model has changed in the last 2 years from:

• chips plus IP (Akida 1)
• Akida 1 IP only,
• “would you like chips with that”,
• Akida 1 IP or Akida 2 with TeNNs, ViT & long skip IP only (possibly as software),
• Akida 2 with TeNNs etc IP or stand alone TeNNS

while researching Akida 2 for LLMs and ongoing TeNNs development - not to mention my hypothesis about software simulation.

All the while, under cover of NDAs, the engineering and marketing efforts of the company are focused on the customers. As mentioned above, the rapid rate of development of the technology has militated against finalizing a deal. Our engineers are too clever for our own good. Hopefully TeNNs will provide a plateau at which EAPS are happy to pause in their quest for the holy grail, and some EAPs will ink an agreement.

I think it is likely that the EAPs have had access to TeNNs since the patent was filed 2.5 years ago, and that they have been testing software simulations. As TeNNs continues to develop, the software can be readily update, which would not be possible with silicon.

Possibly TeNNs uses such low power and low latency that a software simulation provides a significant advantage even in EVs.

We know EAPs such as Valeo, MB and others are using software to process their sensor signals. If they are using Akida simulation software, this would be a way of enabling ongoing upgrading as the capabilities of Akida continue to evolve.

A cloud-based FPGA has been foreshadowed in the capital raise notice. Basically this will be a configurable COTS product, far cheaper than taping out and manufacturing a wafer, and, while no where near as efficient as an NSoC, it will serve for demonstration purposes (something we are copying from Intel's Loihi demonstrator).

The Brainchip university continues to expand its reach.

ESA and other space agencies and participants have endorsed Akida.

We have over a hundred engagements.

Yes - the NDAs are frustrating, but I believe the green shoots are about to erupt into a rainforest.

The extra cash gives a little more comfort. Sorry to see the BRI being expatriated and the research "standardized", but it shows our focus on LLMs, and will reduce some costs.

 

[Pom down under]

So an update on applying for the shares in the cap raise as I don’t think I’ll receive it in the post as we have moved. So I emailed Tony Dawe today asking how do I go about getting them set to my email and he was as helpful as a a chocolate teapot. Thanks tony for your help. So can anyone assist me as Tony don’t give a crap by his response

 

[Diogenese]

:



Hi @Slade,

It's funny but I never noticed this until just now that Roger Wendelken, Senior Vice President Renesas’ said “We licensed Akida neural processors" . Processors PLURAL.

Maybe I'm reading too much into it as per usual, but the above statement from May 2023 seems to imply Renesas have licensed more than just that first processor with just 2 nodes (which is what I thought they started with), especially since he talks about seeing the potential to revolutionise the market with the addition of TENN's and Vit's.

Yes, at the time that did trigger a synapse or two somewhere in the dark recesses.

 

[Diogenese]

I suspect Renesas and MegaChips both got upgraded with 2.0 at no cost. I'm not viewing it as for free but good business practice particularly scince we have not heard much more. Or seen any more news just IMO.

yeah ...Renesas originally ordered 2 nodes (8 NPUs), and spoke of it as being used for light work while their in house DRP-Ai did the heavy lifting. of course, once they got their teeth into Akida ...

 

[Pom down under]

Just received confirmation that my SPP was successful! Another large chunk added to the pot.

Akida Ballista
Not advice

Lucky you I can’t even get help from the company in assisting me getting them

 

[Chris B]

yeah ...Renesas originally ordered 2 nodes (8 NPUs), and spoke of it as being used for light work while their in house DRP-Ai did the heavy lifting. of course, once they got their teeth into Akida ...

I could be wrong. But I think there would have to be an announcement for any upgrade from Renesas. I asked Tony this question last year. Things may have changed since then... but should be a material announcement

 

[CHIPS]

So an update on applying for the shares in the cap raise as I don’t think I’ll receive it in the post as we have moved. So I emailed Tony Dawe today asking how do I go about getting them set to my email and he was as helpful as a a chocolate teapot. Thanks tony for your help. So can anyone assist me as Tony don’t give a crap by his response View attachment 67191 View attachment 67190

I received it via my bank in my account mails/messages yesterday.

 

[IloveLamp]

https://www.reuters.com/technology/artificial-intelligence/amazon-racing-develop-ai-chips-cheaper-faster-than-nvidias-executives-say-2024-07-25/