Thanks to FF for the following
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welcome to an investor podcast update my
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name is Tony D director of global
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investor relations for brain chip each
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podcast I compile a list of some of our
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shareholders most frequently asked
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questions and put those questions to a
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senior member of the brain chip team
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today I'll be putting those questions
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directly to brain chip CEO Shan hair hi
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Shan and welcome back to the brain chip
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investor podcast series to discuss some
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exciting recent developments at the end
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of
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2024 hi Johnny glad to be here and hello
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to all of our shareholders so Sean brain
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chip recently announced a major contract
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win with the US Air Force research
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laboratory can you elaborate more on
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this engagement and what this means for
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brain chip going forward yeah of course
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Tony it's a it's a question I I want to
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talk about uh obviously the win with the
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Air Force is a very important step in
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our commercialization journey more
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importantly it's just wasn't a really
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nice important commercial win it's a
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validation from a very um
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important entity in the world quite
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frankly with very strong requirements
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and um and demands and I think this is a
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wonderful endorsement of our aita 2.0
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strategy plus 10s they really really
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like that combination of aita plus 10
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this is all about that story those two
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together so very happy for for the team
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that work worked hard on this and I'm
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very happy for all of our
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shareholders thanks Sean and in addition
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to the US Air Force research laboratory
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win we've also had a win with front
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grade Geisler would you care to tell me
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a bit more about that engagement and uh
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you know how that came about and what
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that means for brain chip sure I mean
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I'm equally excited about this one for a
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couple of reasons we work very closely
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with front grade and front grade
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customers and you can read about what
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their customers and who their customers
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are um it is one of the more demanding
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environments you can put the silicon and
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to to be part of what they're doing is
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so important and again another
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validation of our offering from a
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world-class
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organization um I could not be more
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pleased secondly if you recall in many
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of my public comments when I talk about
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AA 2.0 and 10 I've always said a ke 1.0
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is a great worldclass product it's just
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narrow in it in its scope but for
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particular use cases it's outstanding
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this is a great example it's a Keeta 1.0
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implementation and it's a wonderful
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application and will serve its purpose
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incredibly well we look forward to
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working for years coming with front
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grade It's a Wonderful
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partnership thanks Sean even though the
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announcement of a key to Pico fell just
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out outside the September quarter would
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you like to talk about this and explain
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how it fits within the broader
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commercial strategy for AA Pico
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illustrates a lot of things uh that we
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have going on with brain ship right now
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first of all Pico came from a lot of
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customer interactions we had a lot of
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requests from customers to say how small
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can you go we need something very small
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very precise at very low power and what
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that shows me is a couple one is that we
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listen well to our customers and
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responded two it illustrates the
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scalability element of aita so what Pico
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is is it's literally less than a single
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node but those who follow brain chip
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closely know that each node has four NPS
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this is actually a single NP neural
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processor and a little bit of memory and
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it will handle very specific models for
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specific use cases at very low power and
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for those use cases it's the ideal
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instrument so um very excited about it
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the interest is incredibly strong from
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our inbound
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calls thanks Sean shareholders continue
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to ask me for updates on the sale of the
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edge boox being produced by vvdn can you
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provide an update on their progress and
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give some indication as to what your
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expectations are sure um Edge boox is
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meeting our expectations I have said on
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numerous occasions what our expect
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ations were which is this is simply an
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opportunity to offer an evaluation tool
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for certain um um corporate customers
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and for small businesses to buy and
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deploy we do not look at this as a large
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Revenue opportunity but simply a vehicle
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for more to get their hands on it
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through us now any volume sales will
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come through our partners in this case
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that would be vbn the vbn of course
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we're enabling them with chip sales
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we're enabling them with technology
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knowled from our side and I know for a
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fact if you look on their website
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they're out trying to generate volume
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sales right
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now fantastic thanks uh the appointment
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of Steven brightfield as Chief marketing
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officer represents a major acquisition
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to the executive team can you speak to
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the impact that Steven has had in this
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role since he joined the company in
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August and what is he focused on
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now well first I should probably
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formally welcome Steve because uh
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haven't had a chance to do that on this
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podcast but we're very happy to have
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them here and Steve's responsibilities
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are really threefold and they're all
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very very important for this company one
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is working on the messaging for the
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entire company if you think of the
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evolution of what we've done in our
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strategy over the last several months
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and going into 25 he's focused on
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obviously a 2.0 and all the richness and
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increased functionality associated with
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this that's one two the addition of pend
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to the portfolio and then of course all
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the other kind of configurations like
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pico so messaging is critical and he's
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also trying to illustrate the strengths
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at a different levels if you look at the
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market and what's going on in the market
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as movement of workloads towards the
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edge most workloads on the edge are
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streaming in nature and what we do
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between our neuromorphic architecture
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and T is really specialized in Excel and
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streaming so you could expect Steve to
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lean harder in the message ing around
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the streaming elements of our offerings
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that's one two he's busy with all the
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tactics trade shows collateral exet or
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mail outs for demand gen campaigns and
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then last but not least of course he's
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responsible for our prodct road maps he
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works very closely with our CTO
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organization our head of engineering of
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course doing the research with analysts
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listening to customer feedback from
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sales and planning our road maps for the
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next 18 months so a big job and he's
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doing very very well with
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it fantastic during the quarter you also
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announced that the scientific Advisory
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board has been
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re-envisioned what does this mean and
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how will it benefit
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shareholders this is another really or
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maybe subtle uh change that we've made
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in the company ring chip is has been and
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always will be technology and
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science-based it's really important that
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we get the best Minds available in our
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chosen fi field to challenge what we do
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look at what we do and make it better
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help us with plan for the future we
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couldn't be any more happy with the
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addition of Jason and Andre to this
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board they are leaders in this field and
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they're already providing great benefit
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to our road maps and our discussions
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that we work through here also under
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Tony's leadership with Peter because
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Peter of course the founder of the
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company is on Airport as well ponies
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invigorate invigorated a set of meetings
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that are very regular Cadence giving
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homework challenging so we're getting
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Great Value from Peter Andre and Jason
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right now thanks Sean so can you provide
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some insight into the market reaction to
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our new tens algorithm and tens
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configured with AA 2.0 absolutely uh in
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a simple word strong the interest is
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very strong uh from customers we know
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and new customers that we're talking to
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um what people resonate to is what it
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can do and when you think about Edge
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workloads and you're trying to
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accomplish these tasks these complex
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paths in the smallest area at the lowest
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um Power signature and high performance
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you can do that through the hardware
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which we do with aita which is really
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really important in world class and
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leading but if you add a unique
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algorithm like tens or models based off
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of that algorithm like tens now you've
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got something like a double acceleration
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because what you have with tens is the
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ability to execute these tasks with
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models that may be as low as a third the
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size of the original model and when you
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do a third of the size of the model
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you're going to use about a third of the
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operations and of course a third of the
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power so you do that kind of map on top
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of the savings for rikita people are
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very interested accomplishing your task
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that way and we're we could not be more
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excited about what's going on with t
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right now
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thanks Sean most shareholders are aware
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that the company raised an additional
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$20 million last quarter through a
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placement to institutional investors and
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a share purchase plan for existing
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retail investors what was the rationale
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for the institutional placement and why
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was the SP included given that it only
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raised
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$632,000 well the the larger TR
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institution placement was really simple
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we knew we were at a point in the
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company where we had some very
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interesting things going on with Ada 2.0
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and 10 and quite frankly with the
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traction and the in the interest we're
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seeing in the commercial side we wanted
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to ensure we had the funding to fully
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exploit that opportunity particularly
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when you couple the movement when you
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look what's going on in the market and
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more and more workloads coming to the
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edge more and more models coming to the
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edge we wanted to be well positioned to
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take advantage of them which we are
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going forward around the SP that was
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promise we made to our shareholders who
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wanted to participate we feel very happy
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that we can provide that vehicle for
10:35
them and are pleased with the
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results thanks Sean so you recently
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conducted an interview with Mark Kennis
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from stocks down under where you were
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very bullish about the future of the
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company and in particular about our
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commercial uh prospects would you care
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to elaborate on on the comments that you
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made in that interview and give our
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shareholders some indication as to what
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your expectations are for the near
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future yeah I the confidence I shared on
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that interview just a few or weeks ago
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is is absolutely genuine and U getting
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stronger every single day when I look at
11:14
the traction we're making on our road
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map and the progress we're making across
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all fronts in advancing aita and you'll
11:20
see some announcements here soon on
11:23
other things around aita and with tens
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and more importantly I know from our
11:27
shareholders point of view and mind in
11:30
some of these engagements I am
11:32
absolutely believing we're outdoing the
11:34
right things in this company right now
11:35
and that we will start to seiz a fruits
11:37
of all this hard work and the not too
11:39
distant future so yes that optimism that
11:41
they heard I absolutely have and I'm
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incredibly confident that good things
11:46
and good results will happen for the
11:48
next several months and into the next
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year thanks sh looking ahead to 2025
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what do you say on the horizon for brain
11:55
chip and have we started work on aada
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3.0 yet 2025 is a critical year for
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brain chip we have a lot going on but we
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need to execute well we're going to
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execute on all the vectors I spoke about
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earlier on further developing models for
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10s evolving a key
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to platform as we know it and of course
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pushing platforms like pico and EV
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voling those the question around 3.0 of
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course we began planning it we're always
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planning different and subsequent
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releases of all of a technology but I
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want to be really clear 2.0 and pens are
12:35
leading platforms and I can give you
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some very specific example the keeto 2.0
12:40
will be supporting State Spas model or
12:43
is supporting State based models which
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is unique in this industry and if you
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look at the trends and models these are
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the hot models of course tens is one of
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those State space models as well but we
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will support others That's Unique that's
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what we're selling and we carry us real
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on time thanks Sean it's been a pleasure
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talking to you today and I hope your
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responses to these questions will go
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some way to satisfying investors's
13:08
appetite for more information about
13:10
brain
13:10
chip thank you Tony it's always great to
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be here and talk to you but more
13:14
importantly to all of our shareholders
13:17
and I look forward to sharing updates in
13:18
the new
13:20
year thank you for listening to this
13:22
investor podcast update with my guest
13:25
brain chip CEO Sean ha episode eight of
13:28
the brain chip quartly investor podcast
13:30
series will be released in February
13:33
2025 until then on behalf of brain chip
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we wish you all the best for the New
13:38
Year and thank you for your continued
13:40
support
Don’t know who aita is….. but damn I love her already…, yeeeehaaa (for all the mimimis… I know it should be akida.. I listened the podcast)
Mmmmmmmmmmhhhmmmmmmmmm
when I look at
11:14
the traction we're making on our road
11:16
map and the progress we're making across
11:18
all fronts in advancing aita and you'll
11:20
see some announcements here soon on
11:23
other things around aita and with tens
11:25
and more importantly I know from our
11:27
shareholders point of view and mind in
11:30
some of these engagements I am
11:32
absolutely believing we're outdoing the
11:34
right things in this company right now
11:35
and that we will start to seiz a fruits
11:37
of all this hard work and the not too
11:39
distant future so yes that optimism that
11:41
they heard I absolutely have and I'm
11:44
incredibly confident that good things
11:46
and good results will happen for the
11:48
next several months and into the next
11:50
year thanks sh looking ahead to 2025