BRN Discussion Ongoing

[7für7]

If some are wondering why BrainChip doesn’t communicate externally as actively as some might wish, hoping this would suddenly push the stock to $20 per share and skyrocket its valuation, consider this: if something like that were to happen, the question would be whether a small company like BrainChip could handle the enormous pressure of continuously meeting such high expectations to maintain that level. I think it wouldn’t be healthy, as the internal structures are not yet solidified.

Keep in mind that every success also brings additional pressure. Isn’t it much better to focus on organization, improving products, presenting these improvements to potential customers, and building something together calmly and steadily? Rather than constantly promising the moon and delivering nothing in the end.

The company once dared to speak positively about the future, and even that has led to many criticizing the board for allegedly not delivering or doing their job. Quotes like: “Where are the contracts, Sean?” … “Tick-Tock” or “Pack your luggage” are good examples.

I remain confident as there’s no negative news out there. Long-term holder here.

 

[FiveBucks]

If some are wondering why BrainChip doesn’t communicate externally as actively as some might wish, hoping this would suddenly push the stock to $20 per share and skyrocket its valuation, consider this: if something like that were to happen, the question would be whether a small company like BrainChip could handle the enormous pressure of continuously meeting such high expectations to maintain that level. I think it wouldn’t be healthy, as the internal structures are not yet solidified.

Keep in mind that every success also brings additional pressure. Isn’t it much better to focus on organization, improving products, presenting these improvements to potential customers, and building something together calmly and steadily? Rather than constantly promising the moon and delivering nothing in the end.

The company once dared to speak positively about the future, and even that has led to many criticizing the board for allegedly not delivering or doing their job. Quotes like: “Where are the contracts, Sean?” … “Tick-Tock” or “Pack your luggage” are good examples.

I remain confident as there’s no negative news out there. Long-term holder here.

Why shouldn't they be accountable? People invest in the company based on these comments. They are being paid millions of dollars per year to deliver on making the business profitable and providing returns for shareholders. If what they are saying has not come to fruition, then shouldn't there be some recourse?

Also, this price action today is poop.

 

[manny100]

If some are wondering why BrainChip doesn’t communicate externally as actively as some might wish, hoping this would suddenly push the stock to $20 per share and skyrocket its valuation, consider this: if something like that were to happen, the question would be whether a small company like BrainChip could handle the enormous pressure of continuously meeting such high expectations to maintain that level. I think it wouldn’t be healthy, as the internal structures are not yet solidified.

Keep in mind that every success also brings additional pressure. Isn’t it much better to focus on organization, improving products, presenting these improvements to potential customers, and building something together calmly and steadily? Rather than constantly promising the moon and delivering nothing in the end.

The company once dared to speak positively about the future, and even that has led to many criticizing the board for allegedly not delivering or doing their job. Quotes like: “Where are the contracts, Sean?” … “Tick-Tock” or “Pack your luggage” are good examples.

I remain confident as there’s no negative news out there. Long-term holder here.

I had a brief chat with Tony about this.
The website is 1st class and has volumes of Information. No doubt about that.
The website management team is located in the US and is seperate to IR.
There is as we know a section devoted to IR on the Website containing Events, News, Podcasts, ASX anns etc.
The email subscription group that most of us subscribe to notifies us of a lot the adds to the IR website section.
I asked him if we could be notified of all 'adds' via auto email.
He said he would pass it on to the Website management team.
There is a mountain of info on the website.
There us a fair bit of communication via Sean interview videos, Quarterly Podcasts, Newsletter emails, email subscription updates, Quarterly and other reports.
Also IR will field queries providing requests providing its not price sensitive information not available to the general public.
Also all businesses including BRN have policies concerning serial pests and abusive communication.
Over on the crapper the negative posters are running wild ATM. Almost all are short term traders trying to get a cheaper entry point for a quick profit. They will 'bag' everything in sight no matter what.

 

[HopalongPetrovski]

Why shouldn't they be accountable? People invest in the company based on these comments. They are being paid millions of dollars per year to deliver on making the business profitable and providing returns for shareholders. If what they are saying has not come to fruition, then shouldn't there be some recourse?

Also, this price action today is poop.

They are accountable, to each of us.
We each can sell out all or part of our stake in the company at any time the market is open and trading.
That'll show 'em!!!

And, by the way, given that our ASX tends to take a lead from American markets which usually trade in the period leading up to our opening, the Thanksgiving national public holiday in the USA tends to put a bit of a dampener on both our volume and volatility.

 

[7für7]

Why shouldn't they be accountable? People invest in the company based on these comments. They are being paid millions of dollars per year to deliver on making the business profitable and providing returns for shareholders. If what they are saying has not come to fruition, then shouldn't there be some recourse?

Also, this price action today is poop.

Sorry if I have to disagree here. We live in a capitalist society. CEOs in such positions, who are expected to turn a startup into a significant company, certainly won’t work for free. These are standard amounts. Just because some people can’t handle such sums doesn’t mean they are exorbitant salaries. Criticism is, of course, valid, but I wouldn’t give up my salary either… would you? As I said, since the last AGM, nothing has changed for me… products are being improved, and partnerships are being expanded. We have plenty of positive developments. Revenues and contracts will follow. Just my positive opinion. And if the board questions Sean’s performance because they see no progress, then I will trust them. But certainly not someone who has zero insight into internal structural processes… Please, come on.

 

[Fastback6666]

Another 60,000 shares bought this week on the drop back….positioned for some progression

 

[FiveBucks]

Sorry if I have to disagree here. We live in a capitalist society. CEOs in such positions, who are expected to turn a startup into a significant company, certainly won’t work for free. These are standard amounts. Just because some people can’t handle such sums doesn’t mean they are exorbitant salaries. Criticism is, of course, valid, but I wouldn’t give up my salary either… would you? As I said, since the last AGM, nothing has changed for me… products are being improved, and partnerships are being expanded. We have plenty of positive developments. Revenues and contracts will follow. Just my positive opinion. And if the board questions Sean’s performance because they see no progress, then I will trust them. But certainly not someone who has zero insight into internal structural processes… Please, come on.

You're entitled to your opinion.

And good on you for having a positive opinion when our company's value continues to slide to the negative.

 

[7für7]

You're entitled to your opinion.

And good on you for having a positive opinion when our company's value continues to slide to the negative.

Always positive my friend… if you’re negativ on something, stop it, change it, move on, or let it be.

 

[Diogenese]

Some relevant background information here is that Sam Altman (OpenAI) had committed to a $51 million investment in AI chips from Rain AI in a letter of intent signed in 2019. The agreement committed OpenAI to purchase Rain's chips upon production. At that point in time Rain AI was focused on developing neuromorphic chips.

Since then, Rain AI no longer promotes the term neuromorphic technology, choosing instead to describe their chip efforts as novel compute-in-memory technology.

Last I heard they were hoping to bring their first chip (an analogue in-memory digital AI accelerator) to market at the end of this year.

I noticed that Airbus Ventures are listed as backers for Rain AI and I asked ChatGPT what the relationship between Airbus Ventures and Airbus is (see below).

Also, another connection is that our Chairman Mr Antonio Viana is also currently serving on the Board of Directors at Arteris. Arteris and Rain AI are collaborating to develop advanced hardware solutions aimed at enhancing artificial intelligence computing. Rain AI is leveraging Arteris' FlexNoC 5 network-on-chip (NoC) technology.

I wonder if @Diogenese might have an opinion on whether there could be a possibility that BrainChip's and Rain AI's technologies might be complementary, or whether our technology might be able to implemented into theirs in some way for better efficiency and performance outcomes?

View attachment 73525


View attachment 73526


View attachment 73527

Altmann is not the messiah ...

When he bought the $51M worth of chips off the plan, Rain were touting pie-in-the-sky technology - a spaghetti bowl of self-organizing nanowires which miraculously formed an analog neural network, substituting chaos for complexity.

Rain have since completely changed their design and now offer a hybrid (Frankenstein) digital/analog MAC NN. Analog is very efficient in performing 1-bit multiplications, but, due to manufacturing variability, the output amplitude varies between different neuron multiplier.

To overcome this, Rain interposes ADC and DAC circuits within or between the NN layers.

US2024249190A1 GRADIENT COMPUTATION IN HYBRID DIGITALLY TIED ANALOG BLOCKS WITH ARBITRARY CONNECTIVITY BY EQUILIBRIUM PROPAGATION 20230119

Having started as a pure analog comapny, Rain are late to the hybrid digital/analog party.

In Rain they use MACs.

US2024143541A1 COMPUTE IN-MEMORY ARCHITECTURE FOR CONTINUOUS ON-CHIP LEARNING 20221028

A system capable of providing on-chip learning comprising a processor and a plurality of compute engines coupled with the processor. Each of the compute engines including a compute-in-memory (CIM) hardware module and a local update module. The CIM hardware module stores a plurality of weights corresponding to a matrix and is configured to perform a vector-matrix multiplication for the matrix. The local update module is coupled with the CIM hardware module and configured to update at least a portion of the weights.


Akida and Rain are competitors with incompatible technologies.

 

[FiveBucks]

Always positive my friend… if you’re negativ on something, stop it, change it, move on, or let it be.

With all due respect, I don't need life advice from you.

 

[MDhere]

May be following zeebot

 

[7für7]

With all due respect, I don't need life advice from you.

I wouldn’t give you a life advice for free this was meant generally… it’s something, everyone know already… calm down I even not interested in what you are doing. I just answering questions or respond…

 

[rgupta]

They get shares because we don’t have money to pay their high salaries.

That is no true. They designed the things and we investors are following. They know if they plan bigger salaries then holders will ask for more transparency. This way they can hide why they have to pay that much. In reality it is better for holders to pay salary because that will help us tax offset. e.g Sean get half a million worth of shares he pay 200,000 worth of tax by selling his shares. If we pay him 500,000 worth of money he will pay the same tax but we can account that in expenses and claim the same from our profits in future ( if there will be)
But the plans were made by management to suit them.
Dyor

 

[Baisyet]

TCS Partners With IIT KGP to Launch Advanced Research Center for Innovation in Digital Health, Robotics & Intelligent Systems

New center to house three state-of-the-art labs that enable TCS scientists to work on cutting-edge technologies and a Customer Experience Center that offers clients an experience of original research concepts driven by TCS.

www.tcs.com

 

[manny100]

You cannot compare salaries of MDs and CEOs of US based companies to those of Aus based companies.
Sean as part of his package gets circa $US500K cash and the rest as shares and options (81%).
$US500K cash for a CEO is peanuts in the US.
If BRN goes belly up and his shares worthless he has worked for Jack Shiete.
His package is effectively designed to reward performance.
If his 5 year plan plays out he will be very, very wealthy via his package with 81% equities.
If you look at the recent Ann concerning Tony Viana share sales you will see 250k of restricted shares have vested and therefore attract income tax..
Note restricted shares for Tony after the transaction has reduced by the 250k vested shares.
Note that he sold 85k of those 250k shares at 23.5 cents to pay income tax on those 250k vested/he now owns shares.
The net result is that he owns out right an extra 165k shares (250k less 85k sold). The increase in his holding is reflected in the ann.
So in effect Tony has via his salary package purchased an extra 165k shares.
Contrary to what the downrampers on the crapper say these shares are not free as they are paid for via pay package.
Shares as part of a salary package are a great incentive strategy.
The irony is if you believe the company is a dud then senior staff are actually being paid dud money.
If you believe the company will eventually succeed then senior staff will be very, very well off financially via their holdings.
The bottom line is that the BOD is accumulating.

 

[rgupta]

You cannot compare salaries of MDs and CEOs of US based companies to those of Aus based companies.
Sean as part of his package gets circa $US500K cash and the rest as shares and options (81%).
$US500K cash for a CEO is peanuts in the US.
If BRN goes belly up and his shares worthless he has worked for Jack Shiete.
His package is effectively designed to reward performance.
If his 5 year plan plays out he will be very, very wealthy via his package with 81% equities.
If you look at the recent Ann concerning Tony Viana share sales you will see 250k of restricted shares have vested and therefore attract income tax..
Note restricted shares for Tony after the transaction has reduced by the 250k vested shares.
Note that he sold 85k of those 250k shares at 23.5 cents to pay income tax on those 250k vested/he now owns shares.
The net result is that he owns out right an extra 165k shares (250k less 85k sold). The increase in his holding is reflected in the ann.
So in effect Tony has via his salary package purchased an extra 165k shares.
Contrary to what the downrampers on the crapper say these shares are not free as they are paid for via pay package.
Shares as part of a salary package are a great incentive strategy.
The irony is if you believe the company is a dud then senior staff are actually being paid dud money.
If you believe the company will eventually succeed then senior staff will be very, very well off financially via their holdings.
The bottom line is that the BOD is accumulating.

You are right BOD are accumulating but for the market they are selling on market. If company pay them money in leu of their shares then they may be net buyers. So they sell shares on behalf of company for their tax purposes, if company sell those shares and pay them money, that will mean BOD may but on market and that will be good outcome for share holders.
But the only draw back will be the losses which are projected @approx 20 million a year may rise by another 10-15 million a year. But for accounting purpose and better clarity that would be in interest of company and holders.
Dyor

 

[Fullmoonfever]

Anyone know any jobs going needing DoD clearance....anyone?....would be nice

https://www.erdc.usace.army.mil/Media/News-Stories/Article/3914831/itl-ventures-into-neuromorphic-computing/

ITL ventures into neuromorphic computing​

By Megan Saxton
U.S. Army Engineer Research and Development Center
Published Sept. 23, 2024
Updated: Sept. 23, 2024

PHOTO DETAILS / DOWNLOAD HI-RES 1 of 1

The U.S. Army Engineer Research and Development Center (ERDC) Information Technology Laboratory (ITL) Edge Computing Lab has long been on the cutting-edge of this field and is now exploring something new: neuromorphic computing.

In recent years, edge computing has revolutionized the technology landscape for users situated in remote areas or away from primary devices. By bringing computation and data storage closer to the location where it is needed, response times, reliability and performance are greatly improved, latency and bandwidth costs are reduced and privacy and security are enhanced. The U.S. Army Engineer Research and Development Center (ERDC) Information Technology Laboratory (ITL) Edge Computing Lab has long been on the cutting-edge of this field and is now exploring something new: neuromorphic computing.

“Neuromorphic computing is a process in which computers are designed and engineered to mirror the structure and function of the human brain,” said Dr. Raju Namburu, ITL chief technology officer and a senior scientific technical manager. “Using artificial neurons and synapses, neuromorphic computers simulate the way our brains process information, allowing them to solve problems, recognize patterns and make decisions more quickly and efficiently than the traditional high-performance computing systems we use today.”

The driving force behind ITL’s research into this emerging technology is the U.S. military’s need to know more, sooner, to allow rapid, decisive action on the multi-domain battlefield. The battlespace has become characterized by highly distributed processing, heterogeneous and mobile assets with limited battery life, communications- dominated but restricted network capacity and operating with time-critical needs in a rapidly changing hostile environment. Distributed and low power edge processing is one of the essential technologies for maintaining overmatch in various emerging operational and contested environments, as is the need to take advantage of machine learning (ML) and generative artificial intelligence (AI).

“Overall, neuromorphic chips offer the DoD community a number of potential benefits including improved performance, resilience, cost-efficiency, security, privacy, power-efficiency, signal processing, ML capabilities and more,” said Dr. Ruth Cheng, a computer scientist in ITL’s Supercomputing Research Center. “By keeping an eye on developments in this technology, the DoD community can ensure it remains at the forefront of military and defense innovation.”

“Computations performed at the molecular, atomic, and neuro scales mimicking the human brain are showing tremendous viability,” added Namburu. “We just started this work on next generation advanced computing, which is significantly different from traditional computing systems historically used at ERDC. Neuromorphic computing represents a paradigm shift in computing, promising significant advancements in ML, generative AI, scientific applications and sensor processing compared to traditional computing. Moreover, neuromorphic chips emulate the brain's plasticity, enabling learning and adaptation over time, unlike traditional systems.”

Ongoing efforts edge computing efforts include agnostic graphics processing unit (GPU) ray tracing development, benchmarking deep neural networks, sensor-data management, ML for underwater invasive plants, railcar inspection, photogrammetry, reservoir frameworks, decentralized edge computing, bi-directional digital twins and algorithms for anomaly detection. ITL is also exploring emerging AI chips for edge computing including novel algorithms and sustainable software.

“Overall, edge computing is helping to enable new use cases and provide better experiences to the users by making applications faster, more reliable and more secure,” said Cheng. “Neuromorphic chips are well-suited for edge computing, which is becoming increasingly important in military and defense applications, and ITL is already aiding in this process that will touch everything from lowering the cost of deployments by eliminating the need for expensive, high-powered servers and data centers to support of mobile and autonomous systems. This is the future.”

 

[Bravo]

Altmann is not the messiah ...

When he bought the $51M worth of chips off the plan, Rain were touting pie-in-the-sky technology - a spaghetti bowl of self-organizing nanowires which miraculously formed an analog neural network, substituting chaos for complexity.

Rain have since completely changed their design and now offer a hybrid (Frankenstein) digital/analog MAC NN. Analog is very efficient in performing 1-bit multiplications, but, due to manufacturing variability, the output amplitude varies between different neuron multiplier.

To overcome this, Rain interposes ADC and DAC circuits within or between the NN layers.

US2024249190A1 GRADIENT COMPUTATION IN HYBRID DIGITALLY TIED ANALOG BLOCKS WITH ARBITRARY CONNECTIVITY BY EQUILIBRIUM PROPAGATION 20230119

View attachment 73528

Having started as a pure analog comapny, Rain are late to the hybrid digital/analog party.

In Rain they use MACs.

US2024143541A1 COMPUTE IN-MEMORY ARCHITECTURE FOR CONTINUOUS ON-CHIP LEARNING 20221028

View attachment 73547


A system capable of providing on-chip learning comprising a processor and a plurality of compute engines coupled with the processor. Each of the compute engines including a compute-in-memory (CIM) hardware module and a local update module. The CIM hardware module stores a plurality of weights corresponding to a matrix and is configured to perform a vector-matrix multiplication for the matrix. The local update module is coupled with the CIM hardware module and configured to update at least a portion of the weights.


Akida and Rain are competitors with incompatible technologies.

Thanks Diogenese.

RainAI has attracted some top quality people such as Jean-Didier Allegrucci, who worked on Apple's s SoCs for over 17 years. And also former Meta architecture leader Amin Firoozshahian. And both of these appointments have been within the last 12 months.

I'll admit, I find it a bit of a pity that our technologies seem to be incompatible as they seem like they're shaping up to be a formidable competitor in our midst if I'm not mistaken.

Or maybe not, but the first thing that struck me quite a while ago was that Altman went with Rain AI when they were spruiking "NEUROMORPHIC" capabilities. And now they aren't or can't spruik it any longer because they didn't find the right path there.

The question is, Altman (OpenAI) and Masayoshi Son (SoftBank) need to find the company with the best technology to make their goals come to fruition but is that company going to be Rain AI?

I mean, it's probably silly to ask that I suppose. But we are still in the "neuromorphic" business and Rain AI aren't, so that must be worth something...

Random thought bubbles...

 

[DK6161]

Insiders still hold circa 15.5% to 16.5% of SOI - that shows confidence.
LDN (Sean's predecessor) is still in the Top 50 holders - that shows confidence.
Sean takes 81% of his salary in shares and options - that shows confidence.
All the BOD take levels of shares and options as part of their pay- that shows confidence.
The above gives me confidence.

Thanks for this. Every now and then you just need posts like this to keep the hope alive

 

[Diogenese]

Thanks Diogenese.

RainAI has attracted some top quality people such as Jean-Didier Allegrucci, who worked on Apple's s SoCs for over 17 years. And also former Meta architecture leader Amin Firoozshahian. And both of these appointments have been within the last 12 months.

I'll admit, I find it a bit of a pity that our technologies seem to be incompatible as they seem like they're shaping up to be a formidable competitor in our midst if I'm not mistaken.

Yes. Those two would understand the new Rain tech. I doubt that either would have joined Rain if they were pushing the original nanowire NN which Altmann signed up for - think Theranos.

That's a very astute observation about neuromorphic. The RISC-V collaboration is not neuromorphic.

At one stage, rain were touting themselves as digital AI using RISC-V ( https://rain.ai/approach ), . Their recent patents are for hybrid analog/digital so they may have a couple of strings to their bow. In any event, they have been spending a lot on early stage R&D, ie, more on the R than the D.

Their new design will probably work. I haven't seen any performance figures.

There are several companies pushing hybrid analog/digital including Qualcomm.