Could someone inform me in relation to royalties. How are royalties accurately paid?
My question is; eg. if Renesas supply 10 million products containing Akida to customers, what prevents them from paying Brainchip for 1 million?
Just would like some input as to how the question of royalties work.
Good evening m'lud,
Royalties are calculated on the number of nodes of 4 Akida NPUs (neuromorphic processing units) included in a product. I think 2 nodes is the minimum, ie 8 NPUs. The Akida 1000 SoC has 20 nodes. So simple products may have 2 nodes, while more complex applications requiring extensive data processing may have 20 or more nodes.
As to the honesty of the licensees, the licence agreement will have provision for auditing the licencees sales.