Hey Chippers,Back home on PC.
Much criticism has been levelled at Sean Hehir for not communicating with shareholders over the last several months and to some extent this type of criticism has been made since shortly after he took the reins at Brainchip.
My intention is not to debate the merits of the criticism suffice to say I on two occasions have made clear a concern I had about his communication style, but as I am just an old technophobe without any experience of running, for the sake of this discussion a Silicon Valley type technology start-up that originated from Australia currently listed on the ASX and intending to eventually launch on Nasdaq during a time of global turbulence with the major shareholders and founders looking over my shoulder, so I expressed those concerns directly to the company.
In expressing those concerns it was emphasised that the company was in the process of reinventing its corporate branding as a commercial entity and while it appeared to be taking backward steps these measures were essential if the end goals were to be realised.
I probably do not need to write that Tony Dawe has been under almost constant attack for the best part of six months from shareholders concerned about the direction of the company and that over this time the company has only poorly at one level communicated the importance of what was taking place to set the foundations for success.
These foundations can be summed up from the company's point of view in the one word "ECOSYSTEMS".
So if we look at the avalanche of news over the last couple of weeks, today's promise by Sean Hehir of more to come, and the focus of today's podcast fronted by Sean Hehir being "ECOSYSTEMS" and the qualifications of the guest to speak precisely on this point it is my impression that this podcast was Sean Hehir trying to explain to shareholders why the pain of the last 18 months since his appointment had been necessary.
I posted earlier a quote relating to competitors but the overall paper is about whether the world is ready for neuromorphic computing and in essence it does nothing if not make clear that in the absence of what Sean Hehir and his guest describe as "Ecosystems" an AKIDA technology revolution cannot take place.
Building these "ECOSYSTEMS" is not sexy, it does not bring in immediate income but without technology "ECOSYSTEMS" AKIDA will have no value to anyone.
Sean Hehir used at the AGM last year his three legged chair to describe what he was doing and how without one of the legs a three legged chair cannot stand or be of any use.
"ECOSYSTEMS" were one of the legs of this chair and today was Sean Hehir attempting to explain with the assistance of someone who has done it for Nvidia why taking the time to build "ECOSYSTEMS" to support AKIDA technology just had to be accomplished otherwise failure would be the outcome.
I hope that this podcast has drawn a line in the sand and that going forward we will see a change in the communication that takes place with shareholders and in this regard I am not talking about lots of IP licence agreements being announced what I am talking about is a less introspective style, one where Sean Hehir takes on fully the role of visionary CEO leading from the front confident that all the foundations needed including "ECOSYSTEMS" are firmly in place.
If this all sounds a bit Tesla-ish having a vision that shareholders, customers and "ECOSYSTEM" partners can embrace is in my opinion absolutely essential if Brainchip is to lead the Artificial Intelligence revolution and have the world follow AKIDA technology science fiction forward into the 4th Industrial Revolution.
Well you did ask.
My opinion only DYOR
FF
AKIDA BALLISTA
Great find Stuart, I had wondered when Cisco would re-emerge.
Its pretty clear from the very general statement that he has no understanding of what BrainchipWhy are we censoring links???
Here is the content:
Australian businesses adopting AI tech to bolster revenue, but challenges remain
ASX News, Technology
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Louis AllenMarkets Reporterlouis.allen@***************.com.au15 March 2023 05:59(AEDT)
3 mins
https://***************.com.au/wp-c...HOTO-ILLUSTRATIONS-1280x720-800x430.jpgSource: Jakub Porzycki via Reuters Connect
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Artificial intelligence (AI) is transforming the way businesses operate across the globe, with an increasing number of companies adopting the technology to gain a competitive edge in today’s digital landscape.
Companies across an array of sectors are using AI technologies to grow revenue and improve efficiency across their operations.
In Australia, the National AI Centre (NAIC) was set up to further develop the country’s AI and digital ecosystem. It’s funded by the Australian government and coordinated by the national science agency, CSIRO.
Recently, the NAIC released the ‘Australia’s AI ecosystem momentum’ report, which looked into the experiences of 200 information technology and business decision-makers and AI service providers to better understand AI adoption across businesses in Australia.
The report was commissioned by the NAIC and prepared by Forrester Consulting.
Findings of the report
The AI ecosystem momentum report highlighted the growing appetite for AI use across Australian businesses but revealed certain barriers to implementing the solutions.
“Our research shows Australian businesses reported an average revenue growth of $361,315 for each AI-enabled solution that was implemented, regardless of which part of the business these efforts were targeted,” National AI Centre Director Stela Solar said.
“Over 80 per cent of businesses surveyed expected their year-on-year revenue to grow, with technology at the centre of their growth strategies,” she said.
Despite that, the report found that AI strategies were actually quite difficult to deliver.
From the results, a majority of respondents required engaging at least four AI technology and service providers to carry out an AI project, while 28 per cent of respondents reported working with more than six providers. Just 17 per cent worked on projects with a single provider.
This led the NAIC to believe that the successful implementation of AI strategies was a collaborative effort, and “businesses should be comfortable with the idea of working alongside several providers to ensure they get complete solutions that deliver business outcomes”.
Australia’s significant AI players
Many companies worldwide are making investments in AI initiatives and programs in an effort to revolutionise business operations for the better.
Additionally, universities and research institutions are making significant strides in the field of AI, further fueling the growth of the industry.
In Australia, there are a number of players that stand to benefit from growing AI adoption, including ASX-listed Appen (APX), Nuix (NXL), Megaport (MP1), WiseTech Global (WT1), Brainchip (BRN) and Unith (UNT), among others.
Appen is a leading provider of high-quality training data for machine learning and artificial intelligence algorithms. As more businesses start to adopt AI, so will the demand for high-quality training in the new era of tech.
Nuix provides software that helps organisations investigate and analyse large amounts of data quickly and efficiently. The company’s software incorporates artificial intelligence and machine learning technologies.
Brisbane-based Megaport offers software-defined networking services, which enable businesses to connect their IT infrastructure to the cloud. As more businesses adopt AI and cloud computing, the demand for Megaport’s services is expected to increase.
ASX-200 giant WiseTech Global provides software solutions for the logistics industry, including AI-powered tools that help businesses optimise supply chains.
BrainChip is a provider of AI-powered semiconductor technology that can be used in various ways, including surveillance, autonomous vehicles, and industrial automation.
Amsterdam-based Unith is capitalising on the rapidly-growing global AI service market with its innovative Talking Head platform.
The Talking Head transforms the way businesses communicate with customers by allowing for real-time conversations, in multiple languages and through a full-stack platform, all powered by AI.
As AI adoption continues to grow across Australia and the globe, companies are discovering that successful implementation requires a collaborative approach with multiple providers to deliver complete solutions that help enable optimal business outcomes.
This trend is expected to continue as more businesses seek to leverage the benefits of AI to improve business operations.
Don't sweat it Brother.49% down in my portfolio…
Time to not look at the account for a while. I have confidence this will go up and beyond my modest expectations. But days like the last few have been interesting for ones conviction. I’m still 100% sure I make money back however. So it’s just a step back. Breath. And move on.
Excellent summation Fact Finder and truly forward looking thoughts generously shared as always. After listening to this podcast i am even more convinced that the path taken will lead us to ultimate success.Back home on PC.
Much criticism has been levelled at Sean Hehir for not communicating with shareholders over the last several months and to some extent this type of criticism has been made since shortly after he took the reins at Brainchip.
My intention is not to debate the merits of the criticism suffice to say I on two occasions have made clear a concern I had about his communication style, but as I am just an old technophobe without any experience of running, for the sake of this discussion a Silicon Valley type technology start-up that originated from Australia currently listed on the ASX and intending to eventually launch on Nasdaq during a time of global turbulence with the major shareholders and founders looking over my shoulder, so I expressed those concerns directly to the company.
In expressing those concerns it was emphasised that the company was in the process of reinventing its corporate branding as a commercial entity and while it appeared to be taking backward steps these measures were essential if the end goals were to be realised.
I probably do not need to write that Tony Dawe has been under almost constant attack for the best part of six months from shareholders concerned about the direction of the company and that over this time the company has only poorly at one level communicated the importance of what was taking place to set the foundations for success.
These foundations can be summed up from the company's point of view in the one word "ECOSYSTEMS".
So if we look at the avalanche of news over the last couple of weeks, today's promise by Sean Hehir of more to come, and the focus of today's podcast fronted by Sean Hehir being "ECOSYSTEMS" and the qualifications of the guest to speak precisely on this point it is my impression that this podcast was Sean Hehir trying to explain to shareholders why the pain of the last 18 months since his appointment had been necessary.
I posted earlier a quote relating to competitors but the overall paper is about whether the world is ready for neuromorphic computing and in essence it does nothing if not make clear that in the absence of what Sean Hehir and his guest describe as "Ecosystems" an AKIDA technology revolution cannot take place.
Building these "ECOSYSTEMS" is not sexy, it does not bring in immediate income but without technology "ECOSYSTEMS" AKIDA will have no value to anyone.
Sean Hehir used at the AGM last year his three legged chair to describe what he was doing and how without one of the legs a three legged chair cannot stand or be of any use.
"ECOSYSTEMS" were one of the legs of this chair and today was Sean Hehir attempting to explain with the assistance of someone who has done it for Nvidia why taking the time to build "ECOSYSTEMS" to support AKIDA technology just had to be accomplished otherwise failure would be the outcome.
I hope that this podcast has drawn a line in the sand and that going forward we will see a change in the communication that takes place with shareholders and in this regard I am not talking about lots of IP licence agreements being announced what I am talking about is a less introspective style, one where Sean Hehir takes on fully the role of visionary CEO leading from the front confident that all the foundations needed including "ECOSYSTEMS" are firmly in place.
If this all sounds a bit Tesla-ish having a vision that shareholders, customers and "ECOSYSTEM" partners can embrace is in my opinion absolutely essential if Brainchip is to lead the Artificial Intelligence revolution and have the world follow AKIDA technology science fiction forward into the 4th Industrial Revolution.
Well you did ask.
My opinion only DYOR
FF
AKIDA BALLISTA
I'm with you buddy. I'd prefer 15 days. I'm hopeful of making that.Shit, I hope it comes quicker, I won't be around in 15 years time![]()
Neither will I but hopefully my family is sitting around saying nice things about me.Shit, I hope it comes quicker, I won't be around in 15 years time![]()
I think this has been discussed before but I could be wrong, the royalties are paid once the chips are manufactured that way we still get paid even if the product doesn’t sell.The new Renesas chips using ARM Cortex-M85 are most likely in production now pre-launch.
Wonder how many million they will manufacture & when the royalty is paid?
Maybe they have orders already from OEM's.
10M chips x 30c = $3M revenue would be a good start.
Have a look at Graphene... we use them in RC applications because it tends not to burn whats left following a "undesired aircraft state" landing.. i think the only negative could be potential fluctuating discharge rates which sensitive equipment might not like.. like everything, i think it has the potential to become a game changer with development...Mmm......... interesting mccabe84. common event huh ?
I recently had to replace an aircraft battery (lead acid) and looked hard for a suitable Lithium replacement to help reduce weight (aerobatic aircraft) and improve performance.
After talking/researching the various types of Lithium batteries I decided to stay with a normal lead acid battery as I could not be convinced by salesmen or marketing that a Lithium battery would not suddenly have a "thermal runaway" event while pulling a 5 g maneuver.
One battery salesman even suggested I would be able to use my parachute if such event happened, to which I did not bother trying to explain that the battery is located behind the pilots seat some 8 inchs from the "parachute" .
Back to a heavy old lead acid battery yet again! Maybe one day...........
Yak52![]()
Thanks. Yeah I’m not worried. It’s more of a “ohhh efff me…”. Then my rational brain side takes over and I decide to just not look at it for a whileDon't sweat it Brother.
I just had a quick look back at my records and note that I spent most of 2016, 2017, 2018, 2019 underwater ranging from 15 - 63% down.
Wasn't really till mid 2020 that I got to breathe again and have been in positive territory, sometimes spectacularly so, ever since.
And we know those times will come again.
We are on the good ship Brainchip and whilst we are currently in somewhat choppy waters with an annoying headwind and enduring the merciless privations of pirates, we are on a sound vessel with an excellent Skipper and crew, guided by our proven North star, PVDM.
Our turbines are now firing up and at some point soon we will be making solid headway again, leaving the detritus and stench of the malodorous rat people behind, free to devour each other.
We are on our way to the promised land and we who have endured have earned the right to a prosperous future.
Bring it, Brainchip!
I think that this is one in the same with Renesas. Having their own foundries they operate a just in time model where they only produce a chip in response to an order.I think this has been discussed before but I could be wrong, the royalties are paid once the chips are manufactured that way we still get paid even if the product doesn’t sell.