BRN Discussion Ongoing

[Tezza]

Hi yogi,

The NYSE has a minimum share price and income requirement. I've seen values between $4US and $6US quoted, so say $5US for rgument sake. So there needs to be an adjustment of the number of BRN shares to equate to the required share price. If we assume ASX is valued at $1US at the time of rehoming, that would require a "consolidation" of BRN shares by a factor of at least 5 to get the BRNUS share price above the $5US threshold, so we'll use 5 for simplicity. So if you had 100 BRNAu shares, that would be 20 BRNUS shares.

The adjustment to US dollars does not affect the calculation of the proportion of shares you own, because it cancels out of the equation, applying to the numerator and divisor.

The point to note is that this consolidation is applied to all BRNAu shares, so, if there were 200,000,000 BRNAu shares on issue, that would be consolidated (divided by 5) to 40,000,000 BRNUS shares. This means you still own the same proportion of the company in BRNUS shares (20/40,000,000 = 1/2,000,000) as you did in BRNAu shares (100/200,000,000 = 1/2,000,0000).

I agree with what you've written, however this means my 100 shares if left on the Asx and the go to say $5 are now worth $500 if we go to the US, to get to $500 brn would need to get to roughly$20 US. am I close?

 

[Tezza]

AND i may have to sell my super shares

 

[The Pope]

AND i may have to sell my super shares

Hi tezza,

Are you with a retail fund like Australian super?
If so refer to post I sent yesterday evening and this may assist with you saying you may have to sell your super shares

Cheers

 

[Mccabe84]

AND i may have to sell my super shares

Have you contacted your super and asked the question? If so what super are you with

 

[buena suerte :-)]

A hard day and week for us all.
Don't forget to hug your significant other tonight, tell your children you love them and give the dog and cat a pat.
Be grateful for what you have.
Many others have much less and can only dream of our troubles.
It's all relative in the end.
Next week is a whole new uncharted universe for us to explore.
Hang in there Chipper's.
Hoppy.

Luv ya work Hoppy...... .... We.. 'Will'.. get there !

"Hang in there Chipper's." (HP)

Have a great weekend all... ( It's a long one here in the west

 

[Tezza]

Hi tezza,

Are you with a retail fund like Australian super?
If so refer to post I sent yesterday evening and this may assist with you saying you may have to sell your super shares

Cheers

Im with cbus and im awaiting a call back from them. I will have a look at your post. Thanks

 

[yogi]

Hi tezza,

Are you with a retail fund like Australian super?
If so refer to post I sent yesterday evening and this may assist with you saying you may have to sell your super shares

Cheers

Hey @The Pope what will have to other super Like Host plus?

 

[Bravo]

Google DeepMind hires Rain AI engineer for growing "AI hardware design" team​

Neuromorphic computing expert leaves Altman-backed startup for Google's AI lab
February 28, 2025 By Sebastian Moss Have your say
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Google DeepMind has hired a former Rain AI engineer with a background in neuromorphic computing for an AI hardware team.
Maxence Ernoult spent just over two years at Rain AI, a Sam Altman-backed neuromorphic chip startup that has a letter of intent from OpenAI. The hire has not been previously reported.

17 Jan 2019

The creation of the electronic brain​

DCD reports on the epic decades-long quest to make computers more like the human brain

Prior to his time working on in-memory computing at Rain, Ernoult worked at IBM and studied neuromorphic computing at Sorbonne Université.
Neuromorphic computing aims to mimic how the brain works, by using hardware and software that simulate the neural and synaptic structures and functions of the brain.
"Absolutely thrilled to announce that I'm starting next week as a senior research engineer at Google DeepMind in Albert Cohen's team dedicated to AI hardware design," Ernoult said in a LinkedIn post.
Cohen is a research scientist at Google DeepMind who in 2020 published research on Computing-In-Memory (CIM) architectures. "Memristor-based, non-von-Neumann architectures performing tensor operations directly in memory are a promising approach to address the ever-increasing demand for energy-efficient, high-throughput hardware accelerators for Machine Learning (ML) inference," the abstract states.
Across Google DeepMind, a number of researchers appear to be working on AI chips, under director Olivier Temam, who says that he is building the "hardware infrastructure for AGI." Temam previously co-led Google's Cloud Tensor Processing Unit (TPU) project for a year and created a TPU project for embedded and low-power applications.
TPUs are Google's broader AI chip family, used to train Gemini and available on its cloud service.
Temam is also part of DeepMind's AlphaChip effort, which aims to use AI to help design chip layouts. The company claims that it has used AlphaChip in the design of TPUs since 2020, as well as for its Axion Arm chips and other processors.
"We believe AlphaChip has the potential to optimize every stage of the chip design cycle, from computer architecture to manufacturing — and to transform chip design for custom hardware found in everyday devices such as smartphones, medical equipment, agricultural sensors, and more," Google said last year.
A job listing for a DeepMind chip design research engineer says that the company aims to "solve some of the most complex tasks in Chip Design (RTL generation, RTL verification, Logic Synthesis, Physical Design, PPA prediction." It adds: "As part of our team at Google DeepMind, you'll have opportunities to advance AI for Chip Design to enable breakthrough capabilities and pioneer next-generation products."
Whether the company is looking at neuromorphic hardware is unclear. This January, Google DeepMind researcher Cliff Young was a co-author on a Nature paper that laid out a roadmap to neuromorphic computing competing at scale with conventional approaches. Young was critical to the development of the TPU, and also designed much of D. E. Shaw Research's seminal Anton supercomputer.
Also pointing to DeepMind's interest in neuromorphic research is Yale Professor Priyadarshini Panda, a highly respected neuromorphic computing figure who leads the university's Intelligent Computing Lab. Prof. Panda became a visiting scholar to Google DeepMind last April.
Google DeepMind declined to comment on whether this hardware project is related to AlphaChip, TPUs, neuromorphic computing, or is a new initiative.

Google DeepMind hires Rain AI engineer for growing "AI hardware design" team

Neuromorphic computing expert leaves Altman-backed startup for Google's AI lab

www.datacenterdynamics.com

Professor Priyadarshini Panda, Yale University Intelligent Computing Lab.

Here are some extracts from Priya's research developed with funding from DARPA which mention the use of SNN's.

https://eri-summit.darpa.mil/docs/ERISummit2023/Slides/Day2/Panda_Priya_Yale.pdf

Priya was also on a panel organised in 2022 by Tata Consultancy "Neuromorphic Computing for Transformation of the Industrial Future".

Arpan Paul was on the same panel.

 

[The Pope]

Hey @The Pope what will have to other super Like Host plus?

Hi yogi,

Rather than ask the question just reach out to your super fund to ease your mind.
My experience it was a quick phone call last night to Australian super as I could not believe someone would be available until 8pm on a Friday night to answer questions like I asked.
Surely the large retail super funds who have direct invest option would be similiar to Australian super but just call them and be very specific on the question you are asking. Don’t just say if a company delists on the ASX without adding as well that company is proposing to transfer to a US stock exchange and they will be allowing shareholders to hold their shares as part of the process etc. Refer to what BRN BOD advised in the announcement the other day.

Hope this helps

Cheers

 

[cosors]

I am logged out for a holiday and see for the first time what TSE looks like without a login, so ads.
How do the rest of you cope with the shooting of F*Temu?

 

[Luppo71]

Hi yogi,

The NYSE has a minimum share price and income requirement. I've seen values between $4US and $6US quoted, so say $5US for rgument sake. So there needs to be an adjustment of the number of BRN shares to equate to the required share price. If we assume ASX is valued at $1US at the time of rehoming, that would require a "consolidation" of BRN shares by a factor of at least 5 to get the BRNUS share price above the $5US threshold, so we'll use 5 for simplicity. So if you had 100 BRNAu shares, that would be 20 BRNUS shares.

The adjustment to US dollars does not affect the calculation of the proportion of shares you own, because it cancels out of the equation, applying to the numerator and divisor.

The point to note is that this consolidation is applied to all BRNAu shares, so, if there were 200,000,000 BRNAu shares on issue, that would be consolidated (divided by 5) to 40,000,000 BRNUS shares. This means you still own the same proportion of the company in BRNUS shares (20/40,000,000 = 1/2,000,000) as you did in BRNAu shares (100/200,000,000 = 1/2,000,0000).

Love the idea of a 5/1 split but if the SP stays at 20c and we still need $4US then its a 30/1 split or even worse if it keeps going down.
Lets hope it dosent get to that or they have some news.
Good luck all.

 

[Therealcookiemonster]

It will vary from fund to fund.
Suggest you contact yours and after explaining the situation see if it is an issuer you.

In my case the shares I have in my retail super fund are held in my name and I am what's called the beneficiary, but I don't actually own them.
Whilst I can arrange to buy more (within a percentage limit of my overall holding in the fund) or sell, I have to do it through their platform and using their broker. This can take up to 3 days for execution from the time I push the go button, so requires both some foresight and luck, particularly if doing an at market price transaction.
Beyond that, in order to buy, the stock must be within the ASX300 or better.
Once "owned" it doesn't matter if the stock falls out of the 300, but, if it gets delisted it will be sold at whatever the market is offering before it ceases to exist.
So, in this scenario I would endeavour to sell at whatever I thought was the highest likely price whilst I still had agency.
Then, theoretically I could use that money to buy in under the new ticker at the new exchange, but unless it has become very well known, very quickly, it's unlikely my fund would have it listed as an approved foreign equity. Of course I could still buy it outside of my super or set up a new fund which allowed it, but I know my existing fund will not allow a simple transfer from the existing holding to whatever it will become.
Hope that makes some sort of sense.
This is probably not an issue if you are self managing your own super fund but would probably depend on if it is allowed according to its rules which may be covered in the vanilla versions, but not having done it, don't know.

Thank you

 

[Bravo]

I'm hoping that Sean can tee up a cornerstone investor, such as Arm, prior to transitioning from the ASX to NASDAQ (or elsewhere).

It would do wonders to improve market credibility and investor confidence. How many more institutional and retail investors in the US market would be willing to invest if they see a well-known industry leader backing our company?

It would also help to open more doors for joint ventures, licensing deals, or integration of BrainChip’s technology into major products.

I think shareholders should be asking if this strategy is being vigorously pursued. I have asked both Sean and Tony Dawe on previous occasions if a cornerstone investor was something they would consider and they seemed open to the idea and may have already been weighing up options for all I know.

​

 

[IloveLamp]

AlloyDB vector search gets inline filtering and observability | Google Cloud Blog

AlloyDB vector search now has inline filtering, an enhancement to filtered vector search, and enterprise-grade observability and management tooling.

cloud.google.com

Tabatha Lewis on LinkedIn: AlloyDB vector search gets inline filtering and observability | Google…

Vector search on AlloyDB is definitely one of the cooler things I have gotten to work on while at AlloyDB! With this launch we introduced a set of capabilities…

www.linkedin.com

 

[Food4 thought]

Hey everyone hope that you have a positive weekend it’s Mardi Gras march tonight
Look they way I see it is this week has been a little kick in the ass
But the markets world wide are shite

Better to get everything on the table now before the inevitable rise of the shares

We are down now
But in a weeks time when a new development arrives
What negative news will there be
So forward thinking we get some good sales
We hit the US with a heap of positive news and growth
It’s all roses
Have a positive outlook and an awesome weekend.
Remember everything is in flux always changing.
Don’t sell. HOLD Tighter than ever before.

 

[CWP]

I'm hoping that Sean can tee up a cornerstone investor, such as Arm, prior to transitioning from the ASX to NASDAQ (or elsewhere).

It would do wonders to improve market credibility and investor confidence. How many more institutional and retail investors in the US market would be willing to invest if they see a well-known industry leader backing our company?

It would also help to open more doors for joint ventures, licensing deals, or integration of BrainChip’s technology into major products.

I think shareholders should be asking if this strategy is being vigorously pursued. I have asked both Sean and Tony Dawe on previous occasions if a cornerstone investor was something they would consider and they seemed open to the idea and may have already been weighing up options for all I know.

​

Great post Bravo, I completely agree. It would been seen by many as “steadying the ship” and a huge positive prior to such a major move.

Do you think the business will be restructured directly after the move ? It would seem logical after considering a completely seperate set of corporate rules and laws will apply after leaving Australia.

 

[Food4 thought]

It’s going to be a strong ride to the bus stop

 

[Smoothsailing]

AlloyDB vector search gets inline filtering and observability | Google Cloud Blog

AlloyDB vector search now has inline filtering, an enhancement to filtered vector search, and enterprise-grade observability and management tooling.

cloud.google.com

Tabatha Lewis on LinkedIn: AlloyDB vector search gets inline filtering and observability | Google…

Vector search on AlloyDB is definitely one of the cooler things I have gotten to work on while at AlloyDB! With this launch we introduced a set of capabilities…

www.linkedin.com

View attachment 78388

A proud father

 

[Doz]

Thanks Bravo, as we know ARM's Core is a traditional system and not neuromorphic. Any neuromorphic 'Edge AI' has to be imported from a 3rd party.
It is possible that it has incorporated AKIDA.
We know AKIDA works with ARM M processors. It's possible that AKIDA under NDA is incorporated in the A series.
Lets hope so. If ARM wants 'real' AI at the Edge' as a supplement to its traditional Core then why not go for the best?
As far as AI at the Edge goes AKIDA is the proven out performer.
It looks like the choice of Defence, space and cybersecurity is with AKIDA simply because it makes the products of others better.
In the end i guess it depends on what the ARM chip is designed to be used for - 'mickey mouse' AI may all that is needed if its simple stuff.

Keep up Manny , Cortex A confirmed . I myself have absolutely no doubt‘s that Arm’s Ethos U85 is Akida , as we are seeing far to many clues at this point in time .

Embedded World 2023 / Remember the Embeddy Award / The below is from Sally Ward Foxton spilling the beans .
Anil and Rob both liked this LinkedIn post . Noting at the time Arm only had the Ethos U55 and U65

Funny , Brainchip didn’t even mention that we were in the Arm booth doing joint demo’s .

All in my opinion .

 

[TheFunkMachine]

I have stopped following brn on the daily a long time ago, but can someone catch me up what is going on atm? Serious drop in SP in last few days and people talking about BRN re-listing on the American stock exchange?