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BRAINCHIP - MERCEDES TESTS THE AKIDA CHIP
BrainChip has caused a stir in recent weeks, with its stock shooting up over 230% to 2.34 Australian dollars (AUD) in early 2022. The Australians have developed a high-performance,
low-power artificial intelligence chip that operates completely autonomously without a CPU or Internet connection. The so-called Akida chip mimics the human brain and responds to impulses or events. This approach makes the chip interesting for use in certain areas, such as IoT devices. Mercedes is also interested in the chip and will use it in its Vision EQXX concept car.
That is one of the reasons for the share's soaring performance. Another reason is the recently obtained patents. On February 2, the Company announced the receipt of another US patent that protects the basic structure and function of a digital neuron. The Company now has
8 granted patents in the US, and one in China, with 21 additional patents pending worldwide. The patents enable the Company to underpin its pioneering role in the field of neuromorphic artificial intelligence. Company founder Peter van der Made said, "This recognition also protects us from others developing similar offerings that would infringe on our work."
Interested investors can get more information first-hand from CFO Ken Scarince at the
International Investment Forum, where he will present the Company. Additionally, there will be an opportunity to ask questions live. By January 19, the share had reached a new all-time high but has since been in consolidation and is currently trading at AUD 1.63. Since February 3,
trading has been possible on the Depository Trust Company (DTC) in the USA. Yet another step to increase the visibility and attractiveness of the share. Well-known investors have long been on board, such as Merril Lynch, BNP Paribas, JP Morgan, UBS and many more.