Revisiting the CEO Sean Hehir’s presentation to the 2022 AGM:
“When I started to evaluate joining BrainChip I started with the technology.
Being a Silicon Valley based executive I had easy access to some of the world’s best technical minds who I engaged to evaluate the core technology.
The overwhelming feedback was the technology is visionary in its design, unparalleled in flexibility, and transformative in performance.
As the engagement progressed, I met with many of the core team members and concluded that I had never met a more talented, dedicated, and focused group of individuals in all my years in the technology business.
I examined the trends which are undeniably compelling, the growth and disruptive nature of AI plus the decentralization of AI.
Furthermore, I started to examine the quality of the engagements with some of the world’s leading brands and the trust/promise they saw in BrainChip which further encouraged me to join this amazing company.
And lastly, with all the skills and talent the organization had, it was clear the experience and skills I possessed perfectly complimented the team and is exactly what BrainChip needed in a CEO; someone who knew how to fully commercialize technology…..
Where we are going
The Market is moving to the edge, and we are already here.
I spoke earlier about a 3 three-legged stool that highlighted research, product, and now commercialization, but as stated earlier the floor that the stool sits on is the market.
That market is large, fast growing, and requires more intelligence at the edge.
Today's data center AI model is power hungry, bandwidth wasting, lacks flexibility, not very intelligent and not suited for these undeniable technology trends toward distributed intelligence and learning at the edge.
As I get ready to close my prepared remarks, let’s go back to the foundation.
Two visionaries and the others that followed, worked diligently to create our world changing technology.
Unapparelled in its flexibility, scalability, performance that’s been technically vetted by prospects, customer, and analysts.
And with all my comments about commercialization, I want to assure you there is equal focus, energy, and resources to not only maintain our competitive advantage created by those visionaries but extend it.
We are:
• Aggressively sourcing and hiring world class tech talent.
• Filing new patents.
• Working diligently on documentation, look/feel, UI to make our technology
easier to consume.
• Paying close attention to our competitors.
• Refining, expanding, and accelerating our roadmap and see opportunities
beyond the edge.
For the short term, you can expect another major release of next generation IP and another reference chip prior to the next AGM.
Lastly before I turn the meeting back over to Antonio, let me briefly recap.
It’s been nearly a half year of building a commercial engine that is just now starting to reveal its possibility.
Key priorities and initiatives include:
• Structuring Commercialization.
• Understanding our Market Ecosystem.
• Clarifying our Business Model.
• Ensuring Product-Market Fit.
• Focusing on Marketing.
• Expanding Sales.
Our work on the commercialization leg of the stool has made substantial progress but it is a journey of continuing improvement.
But when you couple this commercial engine with our differentiated IP product, delivering proven and an exponential improvement on anything else available, plus a market which is moving to the edge, I am highly confident that the commercial results will come in a steady and sustainable fashion.
Even with all this hard work on commercialization in the last 5 months, the company and myself should be judged not on effort, but results.
With that said, I look forward to standing before you next year to share all the progress and results from this next critical chapter of BrainChip’s commercialization.”
So we are now 11 months and counting until the CEO stands before shareholders ready to be judged on his progress and results.
I have never anticipated an AGM more than the Brainchip 2023 AGM.
My opinion only DYOR
FF
AKIDA BALLISTA
