BRN Discussion Ongoing

[Terroni2105]

Jean-Luc Chatelain from Accenture who did the podcast with Sean a couple months back has announced on LinkedIn he is moving on to a new adventure (He alludes it may be something to do with AI).

Wherever he goes he is taking knowledge of BrainChip so we shall all watch with great interest.

His post is liked by Sean Hehir too.

 

[thelittleshort]

Stumbled across this post

While I do not pretend to understand all of the tech here, I know enough to summarize this in one word - WOW! | Stephen Applebaum

While I do not pretend to understand all of the tech here, I know enough to summarize this in one word - WOW! BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic...

www.linkedin.com

 

[chapman89]

I do find this "copy and paste" approach to addressing shareholders in the 4C is really disrespectful.

I made a post here after the release of the 4C in January referring to same, so this unimaginative lackadaisical approach is still
de rigeur for BRN shareholders, as far as mngmt is concerned. I also wrote to Tony Dawe asking for BRN to make more effort with the 4C and provide more detail and insight than the paltry amount provided, which itself has been a serial cut and paste from the previous Qtr.

I am ambivalent with regard to the management bonuses story and can relate to both sides of that widely discussed subject. BRN have made great steps over the last 12 months as the recent very good post by AusEire portrays so well, and the eco system and partner build out is compelling, and a great achievement, but at the AGM last year Sean told the room that he wanted to be breakeven by the end of 2022, on that very important target BRN have failed, and making this business a financial success is the bottom line. I don't think Sean has been a CEO previously, and I guess he may have learned that making undertakings to shareholders that don't come to fruition can be fraught, a lot of long and medium term holders are not happy and it is a red flag.
Regardless, I am as I said, ambivalent on the bonuses, a lot has been achieved yes, but there is still no money, and I think I am feeling that if they are not making money then they (the Board and senior mngmt) should also be waiting for greater rewards just like the shareholders are, I have been thinking about it for several days, and am probably feeling that bonuses aren't really appropriate until financial security has been achieved, or if bonuses are to be granted they should be reduced as a token of respect to SHers

However with regard to the Hernandez shares I am not at all happy with the lack of detail we have been given, why did Manny need so much time to exercise his options, options always have an expiry date so you either exercise or let the options expire, this is very straightforward.

Why should BRN be held responsible for expiry of said options, MH knew the set expiry date and had time in which to exercise, which is his prerogative or responsibility. There is a lack of information from BRN mngmt here, which IMO should be presented in more detail if we are to have an informed decision making process.

Further, tax law in the US is quite different to here, so if MH had exercised those options they then would have vested into fully paid ordinary BRN shares, and as such under US tax law MH could have had a substantial tax liability arising therefrom. I am speculating here, because I cannot say with certainty that this would have been the reason for MH letting his options expire, but it could have influenced the outcome which has not been explained in enough detail to satisfy me.

There are questions here, and now instead of being issued options, MH will be granted FPO's, why has BRN mngmt decided to give MH FPO's (fully paid ordinaries) instead of options. So I am finding it quite difficult to come to terms with what is being put to me by the company on this matter.

I am still a strong hold here, and feel that the foundations and connections are being put in place, and in a normal type of world I would feel confident that BRN would be a very lucrative investment, but post covid we are now in a very different world with serious economic and other headwinds (which have been referenced by Sean), and companies are being considerably more cautious about how they spend, not to mention consumers.

A lot of my time is spent researching macro economics and I am less than comfortable about any number of developments that are taking place (I could spend a lot of time on this) in our world, but I will say this, with regard to BRN if we had the kind of world we enjoyed before covid I would be a great deal more confident about BRN and it's prospects. However my view of the global socio/ economic picture is not quite as sanguine as a number of the views which I see posted here, I no longer want to wait for 5 or 10 years to see ubiquity or large uptake etc. IMO we now live in an environment where a good number of serious outcomes are in play, anything could happen (I hope and pray for good things for all humans) but as a result of some of the scenarios going on, I am certainly in more of a hurry to see some good results starting to fall our way.

The macro economic picture is not any fault whatsoever of BRN mngmt, I understand they are doing their best, and one thing I do get, is that our management on what I have read, seen and heard have a passion to succeed. I don't expect anybody to be perfect here, om mani padme me hum and blessings upon you all, and go BRN, I would really like to see something good drop before the AGM

I didn’t think Brainchip/Sean ever said by the end of 2022 they will break even. Was this the strawman interview? I’ll have to give it a listen again.
I may be wrong but I believe he said once they had around 100 employees that’s when they would break even.

Is the company aggressively hiring though?

If I am going to criticise the company on anything it’s failing to leave out critical achievements in the quarterly/s as they could do much better to having in point form all the achievements that was made.
They didn’t even announce akd1500 with one of the worlds biggest foundries in Global Foundries.

But, where does everybody think the revenue was going to come from when Renesas won’t have any MCU’s containing akida commercially until sometime towards the end of the year? So be prepared for a couple more quarterly’s with barely any revenue.

It’s pretty clear that whilst the company still offers akd1000 as part of their portfolio, most are waiting on akd 2.0. You can just see that from the comments from Prophesee SiFive Intel realityAi and others when they commented on the release of it, check the Brainchip website if nobody has read it.

There’s something big IMO happening with megachips, Douglas Fairbairn from megachips said they helped with the back end design of the AKD1500, if you go on to the megachips website under the ASIC section it’s been saying it’s “under construction” for quite some time, also on Douglas Fairbairn LinkedIn it says he is helping the leadership team in Japan to help the company add AI/ML expertise and technology to their already extensive ASIC design capability. It’s happening people, we just have to be patient.
We are invested in a disruptive technology that even those working with AI need months of training to even understand neuromorphic, so it takes time.

Now should we be annoyed at the company? A little, but there still has been a significant amount achieved in the last 12 months. Just look at what was achieved in the last 3 months that @AusEire posted written by FF. They failed to mention it all, so I will be personally attending the AGM and bringing this to their attention because it’s a fail in my opinion.

But anybody who fails to see the achievements over the last 12 months from ecosystem building, presentations, marketing increase, significant employment of star studded employees, isn’t looking past a share price.
Yes it sucks, yes it hurts to see the constant negative press, but that makes the rise back up even sweeter to those who cast doubt on Brainchip.

Am I going to listen to so called financial experts in the Motley fool? Or am I going to listen to industry experts who are praising Brainchip? I think I know who I will choose to listen to.

I seen a couple people claim to have held for years but sold after the recent 4C? Now that to me is just nonsense, unless you needed the money for financial reasons, why would you sell right before Renesas brings out MCU’s containing akd1000? This is what we’ve been waiting for for a damn long time, the worlds first commercial products using Brainchips technology. The spotlight that will be on Brainchip once that happens will be a monumental step, that is a true re rate in the share price.

Anyway the AGM will be good, we need to let the company know that they need to learn to communicate with shareholders much better through the means of the asx, it’s not about pumping up the share price, it’s about giving Brainchip the exposure it deserves and potential shareholders can see what’s happening through the asx. Now yes whilst most people have social media, we shouldn’t have to search on social media to get all our information. I know if I was going to decide if I wanted to invest in a company, I’d want to read the 4c reports and announcements and not have to wander through different social media platforms.

 

[IloveLamp]

Robotaxis.....$10 trillion market by 2030 (it says here)

Brainchip bring a big shovel...

‘Investment opportunity of a lifetime’: Cathie Wood says the robotaxi market could be worth trillions — here are 3 stocks to invest in it (besides Tesla)

Advances in technology often come loaded with financial opportunities and scanning the one presented by the nascent autonomous driving sector, Cathie Wood thinks there is a huge one at play. The Ark Invest CEO has not been shy about making some bold predictions in the past and thinks investors...

news.yahoo.com

Tesla Robotaxi could hit roads this year, analysts say, as safety data stacks up

Ark Invest says 22% of its simulations predict that Tesla will commercialise its first fully autonomous Robotaxi this year off the back of AI progress and solid safety stats.

thedriven.io

 

[chapman89]

Just posted by Brainchip-

BrainChip Pushes the Edge in 2023 with Akida Innovations, Expanded Partner Ecosystem

Stay informed about the latest advancements in AI technology as BrainChip revolutionizes edge computing with their cutting-edge solutions.

brainchip.com

 

[Humble Genius]

Just heard this on the news this morning, and its right up our alley.

The plan to purchase 40,000 vape detectors for public school toilets

Education Minister Prue Car said the detectors were just one option being considered to combat the vaping crisis in high schools.

www.smh.com.au

In particular this paragraph makes it a perfect use case for AKIDA:

"Requirements for the detectors include that they must not have a camera or microphone but should include multiple sensor-detecting abilities for vape and THC (tetrahydrocannabinol, the substance primarily responsible for the intoxicating effect of marijuana). The 40,000 units need to be supplied within the first 12 months of the contract, which has an expected start date of July 2023."

Can someone here who has the contacts at Brainchip send this to them. This is a golden opportunity.

 

[manny100]

I don’t believe Brainchip/Sean ever said by the end of 2022 they will break even. Can you please show me where they said this? Because I keep seeing this posted but I believe it’s not true.
I may be wrong but I believe he said once they had around 100 employees that’s when they would break even.

Is the company aggressively hiring though?

If I am going to criticise the company on anything it’s failing to leave out critical achievements in the quarterly/s as they could do much better to having in point form all the achievements that was made.
They didn’t even announce akd1500 with one of the worlds biggest foundries in Global Foundries.

But, where does everybody think the revenue was going to come from when Renesas won’t have any MCU’s containing akida commercially until sometime towards the end of the year? So be prepared for a couple more quarterly’s with barely any revenue.

It’s pretty clear that whilst the company still offers akd1000 as part of their portfolio, most are waiting on akd 2.0. You can just see that from the comments from Prophesee SiFive Intel realityAi and others when they commented on the release of it, check the Brainchip website if nobody has read it.

There’s something big IMO happening with megachips, Douglas Fairbairn from megachips said they helped with the back end design of the AKD1500, if you go on to the megachips website under the ASIC section it’s been saying it’s “under construction” for quite some time, also on Douglas Fairbairn LinkedIn it says he is helping the leadership team in Japan to help the company add AI/ML expertise and technology to their already extensive ASIC design capability. It’s happening people, we just have to be patient.
We are invested in a disruptive technology that even those working with AI need months of training to even understand neuromorphic, so it takes time.

Now should we be annoyed at the company? A little, but there still has been a significant amount achieved in the last 12 months. Just look at what was achieved in the last 3 months that @AusEire posted written by FF. They failed to mention it all, so I will be personally attending the AGM and bringing this to their attention because it’s a fail in my opinion.

But anybody who fails to see the achievements over the last 12 months from ecosystem building, presentations, marketing increase, significant employment of star studded employees, isn’t looking past a share price.
Yes it sucks, yes it hurts to see the constant negative press, but that makes the rise back up even sweeter to those who cast doubt on Brainchip.

Am I going to listen to so called financial experts in the Motley fool? Or am I going to listen to industry experts who are praising Brainchip? I think I know who I will choose to listen to.

I seen a couple people claim to have held for years but sold after the recent 4C? Now that to me is just nonsense, unless you needed the money for financial reasons, why would you sell right before Renesas brings out MCU’s containing akd1000? This is what we’ve been waiting for for a damn long time, the worlds first commercial products using Brainchips technology. The spotlight that will be on Brainchip once that happens will be a monumental step, that is a true re rate in the share price.

Anyway the AGM will be good, we need to let the company know that they need to learn to communicate with shareholders much better through the means of the asx, it’s not about pumping up the share price, it’s about giving Brainchip the exposure it deserves and potential shareholders can see what’s happening through the asx. Now yes whilst most people have social media, we shouldn’t have to search on social media to get all our information. I know if I was going to decide if I wanted to invest in a company, I’d want to read the 4c reports and announcements and not have to wander through different social media platforms.

Sean at Investor presentations goes to great pains to explain that he cannot give a timeframe for breakeven.
He does say he has a line of sight to revenue and that when it comes it will grow quickly.
I do not believe Sean would have given a 2022 breakeven date. He is to smart for that.

 

[Stable Genius]

Article is a little dated and may have been posted but I've just seen and read so posting it.

Nothing new however there is a thread running through the article I liked.

All the names mentioned have a nice familiarity between them to me.

https://www.allaboutcircuits.com/news/in-series-agreements-globalfoundries-buoys-chip-supply-from-home/

In a Series of Agreements, GlobalFoundries Buoys Chip Supply From Home​

February 21, 2023 by Biljana Ognenova

Tracking the goals of the CHIPS+ Act, GlobalFoundries is strengthening the U.S. semiconductor ecosystem with several partnerships and acquisitions.​

The U.S. semiconductor manufacturing industry is beginning to reap the benefits of the CHIPS+ Act passed in July 2022. In a series of collaborations and acquisitions, GlobalFoundries (GF) is progressing toward one of the act's goals: to strengthen a U.S.-based semiconductor supply chain and reduce dependence on Asia-based manufacturers. Throughout the chip shortage, GF claims it has remained profitable by steadying productivity, containing cost, differentiating products, and doubling down on supply chain security.

A comparison of GF's and TSMC's EBIT margins. Image courtesy of Seeking Alpha​

GlobalFoundries attributes its upward profitability to its strategic approach to chipmaking and its local partnership with key industry sectors, including automotive, memory, and computing as well as education.

​

GlobalFoundries Partners With GM, Renesas, and Purdue​

In a major win for GF in the automotive sector, the foundry signed an agreement with GM on Feb. 9, 2023, to dedicate a manufacturing corridor at GF's upstate New York facility for GM’s key chip suppliers.
GF also secured more production capacity by acquiring Renesas' NVM resistive RAM technology. Specifically, GF now owns Renesas' proprietary Conductive Bridging Random Access Memory (CBRAM) technology, a low-power memory solution built for home and industrial IoT and mobile devices.
GF has secured wins in the education and R&D sector as well, partnering with Purdue University on a semiconductor education program. Purdue was among the first institutions to use the funds from the CHIPS+ Act to finalize a university-level semiconductor program. Now, with this new collaboration, Purdue's staff and students will use GlobalFoundries' facility and resources to create innovative, interdisciplinary solutions for advanced semiconductors and microelectronics. The partnership between GF and Purdue will provide next-generation professionals with hands-on expertise overseen at GF Lab.

GF Supports Next-gen Vision and Computing Technologies​

GF is also championing the computing sector, namely with BrainChip's Akida neuromorphic chip built on 22 nm fully depleted silicon-on-insulator (FD-SOI) technology.

Akida architecture. Image courtesy of BrainChip​

BrainChip is the world’s first company to develop ultra-low-power, event-based, neuromorphic AI IP to be used for always-on sensor applications. The AKD1500 chip was built on GF’s low-leakage FD SOI platform, promising an array of applications that don't overload the CPU.
Vision sensor specialist Oculi also recently announced a strategic partnership with GF, commissioning the foundry to manufacture its single-chip, intelligent software-defined vision sensor. The new sensor will be based on GF’s 55LPx, a platform that supports RF, ultra-low power, embedded NVM, and high-voltage BCDLite (a process technology).

Expanding U.S.-based Semiconductor Production​

While GlobalFoundries relies on five-year agreements to ship chips from storage facilities in Dresden and Singapore, the foundry also plans to expand three U.S. locations, including one in Vermont and two in New York. Specifically, GF is broadening the scope of existing facilities to make 12 nm, 28 nm, and 40 nm chips rather than going back to the drawing board and investing in new technologies to compete with TSMC’s advanced 3 nm – 5 nm chips.

GlobalFoundries' headquarters in Malta, New York. Image (modified) courtesy of GlobalFoundries​

GF has increased existing domestic manufacturing capacity in another way, too. The company has invested in gallium nitride (GaN) RF chips, a wide-band semiconductor technology that outperforms silicon in terms of thermal resistance and durability. GF's development of GaN devices at its Essex Junction, Vermont, facility would have been impossible without a $30 million government grant to shorten the time to market for the GaN RF technology.
A GF facility in upstate New York is also getting a boost—this time, from collaborating with Qualcomm. The U.S. mobile chipmaker has previously agreed to spend $4.2 billion on chips made by GF for Qualcomm's 5G transceivers, automotive products, and IoT connectivity.

Thanks for all the high quality info you post @Fullmoonfever.

I noted Oculi mentioned in the article straight after Brainchip. Earlier in the week there were discussions about Occuli (different company/spelling).

I think the Oculi mentioned in the article is similar to Prophesee and focuses on machine vision. The reason I’m keeping an eye on them is that AM liked one of their posts 12 months ago which hinted at a connection although I haven’t seen anything since.

My theory is that just like Prophesee, Oculi will be requiring a brain to work with their vision sensor and they’re both currently being produced at GF.

As you’re way more technical than me I’d appreciate your thoughts or if I’m barking up the wrong tree?

 

[Yoda]

I don’t believe Brainchip/Sean ever said by the end of 2022 they will break even. Can you please show me where they said this? Because I keep seeing this posted but I believe it’s not true.
I may be wrong but I believe he said once they had around 100 employees that’s when they would break even.

Is the company aggressively hiring though?

If I am going to criticise the company on anything it’s failing to leave out critical achievements in the quarterly/s as they could do much better to having in point form all the achievements that was made.
They didn’t even announce akd1500 with one of the worlds biggest foundries in Global Foundries.

But, where does everybody think the revenue was going to come from when Renesas won’t have any MCU’s containing akida commercially until sometime towards the end of the year? So be prepared for a couple more quarterly’s with barely any revenue.

It’s pretty clear that whilst the company still offers akd1000 as part of their portfolio, most are waiting on akd 2.0. You can just see that from the comments from Prophesee SiFive Intel realityAi and others when they commented on the release of it, check the Brainchip website if nobody has read it.

There’s something big IMO happening with megachips, Douglas Fairbairn from megachips said they helped with the back end design of the AKD1500, if you go on to the megachips website under the ASIC section it’s been saying it’s “under construction” for quite some time, also on Douglas Fairbairn LinkedIn it says he is helping the leadership team in Japan to help the company add AI/ML expertise and technology to their already extensive ASIC design capability. It’s happening people, we just have to be patient.
We are invested in a disruptive technology that even those working with AI need months of training to even understand neuromorphic, so it takes time.

Now should we be annoyed at the company? A little, but there still has been a significant amount achieved in the last 12 months. Just look at what was achieved in the last 3 months that @AusEire posted written by FF. They failed to mention it all, so I will be personally attending the AGM and bringing this to their attention because it’s a fail in my opinion.

But anybody who fails to see the achievements over the last 12 months from ecosystem building, presentations, marketing increase, significant employment of star studded employees, isn’t looking past a share price.
Yes it sucks, yes it hurts to see the constant negative press, but that makes the rise back up even sweeter to those who cast doubt on Brainchip.

Am I going to listen to so called financial experts in the Motley fool? Or am I going to listen to industry experts who are praising Brainchip? I think I know who I will choose to listen to.

I seen a couple people claim to have held for years but sold after the recent 4C? Now that to me is just nonsense, unless you needed the money for financial reasons, why would you sell right before Renesas brings out MCU’s containing akd1000? This is what we’ve been waiting for for a damn long time, the worlds first commercial products using Brainchips technology. The spotlight that will be on Brainchip once that happens will be a monumental step, that is a true re rate in the share price.

Anyway the AGM will be good, we need to let the company know that they need to learn to communicate with shareholders much better through the means of the asx, it’s not about pumping up the share price, it’s about giving Brainchip the exposure it deserves and potential shareholders can see what’s happening through the asx. Now yes whilst most people have social media, we shouldn’t have to search on social media to get all our information. I know if I was going to decide if I wanted to invest in a company, I’d want to read the 4c reports and announcements and not have to wander through different social media platforms.

Good post Chapman89, thanks for your thoughts. My recollection is Sean did say something like we would have enough revenue to break even by the end of 2022 at the last AGM. Clearly, something was in the works but something changed and I would like to know more about that. I believe a lot of the discontent stems from this comment and not just the falling share price.

However, the rest of your post I agree with. To put it another way, if you showed me all the progress the company has made in the last couple of years in the kind of summary AusEire did without showing me the share price chart and asked me if this is a company I would like to invest in the answer would be "Hell yeah".

Just returning to the share price chart, the market got way ahead of itself when Mercedes said they would use Akida in the EQXX. However, I've returned recently to look at some of those articles and actually if you read them carefully there is a lot to be encouraged about. If the articles are to be believed, Mercedes were suggesting much more than they planned to trial the technology in the EQXX. I'll let the article from Car Expert (a review of the EQXX) speak for itself:

'Yes, the Vision EQXX is a concept car. But Mercedes-Benz board member and chief technology officer Markus Schäfer says the technologies used to deliver its impressive efficiency are all production feasible.

“The technology programme behind the Vision EQXX will define and enable future Mercedes-Benz models and features” – and that’s why it’s such an important car.'

This suggests a much wider application of Akida. Of course, Marcus Schaffer has also been quite active recently talking about their neuromorphic technology on Linked In and said recently:

'We already made some interesting findings here with our VISION EQXX, where we applied neuromorphic principles to the “Hey Mercedes” hot-word detection. That alone made it five to ten times more energy efficient than conventional voice control. As AI and machine learning take on an increasingly important role in the software-defined vehicle, the energy this consumes is likely to become a critical factor. I’ll touch on our latest findings in an upcoming “In the Loop” and tell you my thoughts on where this is taking us. '

Marcus Schaffer's posts on Linked In are definitely something to be watching carefully.

 

[supersonic001]

BrainChip reflects on its achievements in the first quarter of 2023- BrainChip Pushes the Edge in 2023 with Akida Innovations, Expanded Partner Ecosystem - https://lnkd.in/gzpnHdYF | BrainChip

BrainChip reflects on its achievements in the first quarter of 2023- BrainChip Pushes the Edge in 2023 with Akida Innovations, Expanded Partner Ecosystem - https://lnkd.in/gzpnHdYF

www.linkedin.com

 

[Stable Genius]

Good post Chapman89, thanks for your thoughts. My recollection is Sean did say something like we would have enough revenue to break even by the end of 2022 at the last AGM. Clearly, something was in the works but something changed and I would like to know more about that. I believe a lot of the discontent stems from this comment and not just the falling share price.

However, the rest of your post I agree with. To put it another way, if you showed me all the progress the company has made in the last couple of years in the kind of summary AusEire did without showing me the share price chart and asked me if this is a company I would like to invest in the answer would be "Hell yeah".

Just returning to the share price chart, the market got way ahead of itself when Mercedes said they would use Akida in the EQXX. However, I've returned recently to look at some of those articles and actually if you read them carefully there is a lot to be encouraged about. If the articles are to be believed, Mercedes were suggesting much more than they planned to trial the technology in the EQXX. I'll let the article from Car Expert (a review of the EQXX) speak for itself:

'Yes, the Vision EQXX is a concept car. But Mercedes-Benz board member and chief technology officer Markus Schäfer says the technologies used to deliver its impressive efficiency are all production feasible.

“The technology programme behind the Vision EQXX will define and enable future Mercedes-Benz models and features” – and that’s why it’s such an important car.'

This suggests a much wider application of Akida. Of course, Marcus Schaffer has also been quite active recently talking about their neuromorphic technology on Linked In and said recently:

'We already made some interesting findings here with our VISION EQXX, where we applied neuromorphic principles to the “Hey Mercedes” hot-word detection. That alone made it five to ten times more energy efficient than conventional voice control. As AI and machine learning take on an increasingly important role in the software-defined vehicle, the energy this consumes is likely to become a critical factor. I’ll touch on our latest findings in an upcoming “In the Loop” and tell you my thoughts on where this is taking us. '

Marcus Schaffer's posts on Linked In are definitely something to be watching carefully.

Great conversation.

Here’s last years AGM notes to reflect on relative to progress being made.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02524405-2A1375316?access_token=83ff96335c2d45a094df02a206a39ff4

Here’s part of our CEO’s comments from his address:

https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

 

[buena suerte :-)]

Great conversation.

Here’s last years AGM notes to reflect on relative to progress being made.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02524405-2A1375316?access_token=83ff96335c2d45a094df02a206a39ff4

Here’s part of our CEO’s comments from his address:

View attachment 35447



https://cdn-api.markitdigital.com/a...access_token=83ff96335c2d45a094df02a206a39ff4

Wow SG .... can't believe that, I have just posted the same in AGM questions ..... I'll delete!

 

[Humble Genius]

BrainChip reflects on its achievements in the first quarter of 2023- BrainChip Pushes the Edge in 2023 with Akida Innovations, Expanded Partner Ecosystem - https://lnkd.in/gzpnHdYF | BrainChip

BrainChip reflects on its achievements in the first quarter of 2023- BrainChip Pushes the Edge in 2023 with Akida Innovations, Expanded Partner Ecosystem - https://lnkd.in/gzpnHdYF

www.linkedin.com

View attachment 35446

Hmm, Looks like someone at BRN has being reading here and summarised @AusEire 's post

BRN Discussion Ongoing

This post may give you a start. https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-276151 I feel like most underappreciate the significance of our relationship with Intellisense Systems as well. BRE and Intellisense Systems are deeply embedded in Defense.

thestockexchange.com.au

Next company update should be resolution 9 at the AGM "Issue of 8,000,000 Restricted Stock Units to AusEire & Buddy's at TSEx"

 

[MDhere]

I don’t believe Brainchip/Sean ever said by the end of 2022 they will break even. Can you please show me where they said this? Because I keep seeing this posted but I believe it’s not true.
I may be wrong but I believe he said once they had around 100 employees that’s when they would break even.

Is the company aggressively hiring though?

If I am going to criticise the company on anything it’s failing to leave out critical achievements in the quarterly/s as they could do much better to having in point form all the achievements that was made.
They didn’t even announce akd1500 with one of the worlds biggest foundries in Global Foundries.

But, where does everybody think the revenue was going to come from when Renesas won’t have any MCU’s containing akida commercially until sometime towards the end of the year? So be prepared for a couple more quarterly’s with barely any revenue.

It’s pretty clear that whilst the company still offers akd1000 as part of their portfolio, most are waiting on akd 2.0. You can just see that from the comments from Prophesee SiFive Intel realityAi and others when they commented on the release of it, check the Brainchip website if nobody has read it.

There’s something big IMO happening with megachips, Douglas Fairbairn from megachips said they helped with the back end design of the AKD1500, if you go on to the megachips website under the ASIC section it’s been saying it’s “under construction” for quite some time, also on Douglas Fairbairn LinkedIn it says he is helping the leadership team in Japan to help the company add AI/ML expertise and technology to their already extensive ASIC design capability. It’s happening people, we just have to be patient.
We are invested in a disruptive technology that even those working with AI need months of training to even understand neuromorphic, so it takes time.

Now should we be annoyed at the company? A little, but there still has been a significant amount achieved in the last 12 months. Just look at what was achieved in the last 3 months that @AusEire posted written by FF. They failed to mention it all, so I will be personally attending the AGM and bringing this to their attention because it’s a fail in my opinion.

But anybody who fails to see the achievements over the last 12 months from ecosystem building, presentations, marketing increase, significant employment of star studded employees, isn’t looking past a share price.
Yes it sucks, yes it hurts to see the constant negative press, but that makes the rise back up even sweeter to those who cast doubt on Brainchip.

Am I going to listen to so called financial experts in the Motley fool? Or am I going to listen to industry experts who are praising Brainchip? I think I know who I will choose to listen to.

I seen a couple people claim to have held for years but sold after the recent 4C? Now that to me is just nonsense, unless you needed the money for financial reasons, why would you sell right before Renesas brings out MCU’s containing akd1000? This is what we’ve been waiting for for a damn long time, the worlds first commercial products using Brainchips technology. The spotlight that will be on Brainchip once that happens will be a monumental step, that is a true re rate in the share price.

Anyway the AGM will be good, we need to let the company know that they need to learn to communicate with shareholders much better through the means of the asx, it’s not about pumping up the share price, it’s about giving Brainchip the exposure it deserves and potential shareholders can see what’s happening through the asx. Now yes whilst most people have social media, we shouldn’t have to search on social media to get all our information. I know if I was going to decide if I wanted to invest in a company, I’d want to read the 4c reports and announcements and not have to wander through different social media platforms.

agree Chapman, i call BS on the ones that say they are long termers and sell on this 4c?? makes no sense unless like u said, at same time of their own financial needs.
Also agree that many don't have time to fine tooth comb websites and mixed platforms for milestones (seems like a bonus just for the priveledged ones) A shareholder is a shareholder, place it on various platforms but also on asx. simple.
It's clear to us that the company is moving forward but that sailing orange kite should be seen by a lot more investors.
Yr my $2 tatt so fly it proud Brainchip!

 

[MDhere]

Wow SG .... can't believe that, I have just posted the same in AGM questions ..... I'll delete!

well this part will ve interesting to hear from Sean at the Agm

 

[buena suerte :-)]

well this part will ve interesting to hear from Sean at the Agm
View attachment 35449

It's going to be VERY interesting ... Don't you think!? They certainly have kicked a heap of goals within the last year, so hopefully we will get more clarification on where we are re IP agreements/NDA's etc in a few weeks!! ... Many questions to be answered this year!!!!

 

[Euks]

I didn’t think Brainchip/Sean ever said by the end of 2022 they will break even. Was this the strawman interview? I’ll have to give it a listen again.
I may be wrong but I believe he said once they had around 100 employees that’s when they would break even.

Is the company aggressively hiring though?

If I am going to criticise the company on anything it’s failing to leave out critical achievements in the quarterly/s as they could do much better to having in point form all the achievements that was made.
They didn’t even announce akd1500 with one of the worlds biggest foundries in Global Foundries.

But, where does everybody think the revenue was going to come from when Renesas won’t have any MCU’s containing akida commercially until sometime towards the end of the year? So be prepared for a couple more quarterly’s with barely any revenue.

It’s pretty clear that whilst the company still offers akd1000 as part of their portfolio, most are waiting on akd 2.0. You can just see that from the comments from Prophesee SiFive Intel realityAi and others when they commented on the release of it, check the Brainchip website if nobody has read it.

There’s something big IMO happening with megachips, Douglas Fairbairn from megachips said they helped with the back end design of the AKD1500, if you go on to the megachips website under the ASIC section it’s been saying it’s “under construction” for quite some time, also on Douglas Fairbairn LinkedIn it says he is helping the leadership team in Japan to help the company add AI/ML expertise and technology to their already extensive ASIC design capability. It’s happening people, we just have to be patient.
We are invested in a disruptive technology that even those working with AI need months of training to even understand neuromorphic, so it takes time.

Now should we be annoyed at the company? A little, but there still has been a significant amount achieved in the last 12 months. Just look at what was achieved in the last 3 months that @AusEire posted written by FF. They failed to mention it all, so I will be personally attending the AGM and bringing this to their attention because it’s a fail in my opinion.

But anybody who fails to see the achievements over the last 12 months from ecosystem building, presentations, marketing increase, significant employment of star studded employees, isn’t looking past a share price.
Yes it sucks, yes it hurts to see the constant negative press, but that makes the rise back up even sweeter to those who cast doubt on Brainchip.

Am I going to listen to so called financial experts in the Motley fool? Or am I going to listen to industry experts who are praising Brainchip? I think I know who I will choose to listen to.

I seen a couple people claim to have held for years but sold after the recent 4C? Now that to me is just nonsense, unless you needed the money for financial reasons, why would you sell right before Renesas brings out MCU’s containing akd1000? This is what we’ve been waiting for for a damn long time, the worlds first commercial products using Brainchips technology. The spotlight that will be on Brainchip once that happens will be a monumental step, that is a true re rate in the share price.

Anyway the AGM will be good, we need to let the company know that they need to learn to communicate with shareholders much better through the means of the asx, it’s not about pumping up the share price, it’s about giving Brainchip the exposure it deserves and potential shareholders can see what’s happening through the asx. Now yes whilst most people have social media, we shouldn’t have to search on social media to get all our information. I know if I was going to decide if I wanted to invest in a company, I’d want to read the 4c reports and announcements and not have to wander through different social media platforms.

Great post mate,

Like you, a bit more info on Akida 1500 would have been good. From what we know is it’s been specifically made from customer feedback and with the help of Megachips…

One thing I noticed though is although it seems like the company is aggressively hiring and expanding that wasn’t reflected in our 4E which showed we only expanded by a total of 3….. so there has pretty much been just as many people leaving as coming on board which I was surprised at.

I can’t get to the AGM but would be interested to get the finer details on staff numbers and the areas that have grown. Obviously sales staff have grown which we have all seen (or so it seems) but which departments have lost staff or has the company got rid of people that were surplus

Euks

 

[Fullmoonfever]

Thanks for all the high quality info you post @Fullmoonfever.

I noted Oculi mentioned in the article straight after Brainchip. Earlier in the week there were discussions about Occuli (different company/spelling).

I think the Oculi mentioned in the article is similar to Prophesee and focuses on machine vision. The reason I’m keeping an eye on them is that AM liked one of their posts 12 months ago which hinted at a connection although I haven’t seen anything since.

My theory is that just like Prophesee, Oculi will be requiring a brain to work with their vision sensor and they’re both currently being produced at GF.

As you’re way more technical than me I’d appreciate your thoughts or if I’m barking up the wrong tree?

Hey SG

I'm with you in thinking Oculi is worth keeping an eye on as well especially given the prev quick mention of the name a while ago by Anil or Rob or someone.

The diff at the mo though is we are on 22FDSOI and they are using GF 55LPx which as we know are 2 diff platforms.

The main connection I liked is the aforementioned comment by BRN and also that we are all working with GF now as well.

Where that leads, I'm not sure yet but will keep digging

The big thing I'm seeing with the 22FDSOI is the space agencies apparent preference to it in rad hardened requirements.

There is an upcoming conference and will see if I can find the paper again where there are a number of presentations around the 22nm for use in space, cubesats etc.

We aren't mentioned however there are elements in the conference around the AI requirements for space and we know who we have been linked with in that arena eg Intellisense and NASA solicitations.

 

[Stable Genius]

Hey SG

I'm with you in thinking Oculi is worth keeping an eye on as well especially given the prev quick mention of the name a while ago by Anil or Rob or someone.

The diff at the mo though is we are on 22FDSOI and they are using GF 55LPx which as we know are 2 diff platforms.

The main connection I liked is the aforementioned comment by BRN and also that we are all working with GF now as well.

Where that leads, I'm not sure yet but will keep digging

The big thing I'm seeing with the 22FDSOI is the space agencies apparent preference to it in rad hardened requirements.

There is an upcoming conference and will see if I can find the paper again where there are a number of presentations around the 22nm for use in space, cubesats etc.

We aren't mentioned however there are elements in the conference around the AI requirements for space and we know who we have been linked with in that arena eg Intellisense and NASA solicitations.

Thanks for the reply @Fullmoonfever .

I agree that the specs of GF 22nm fdsoi fit NASA requirements to a tee. They essentially described what they want and Brainchip are making it!

I posted a bit recently where GF were promoting their car sensors chips being 22nm also so hopefully it will do both jobs!

I read somewhere; “The hardest part of investing is doing nothing”

That’s where I am now. Filling my time reading, learning and dot joining whilst waiting for success! I’ve actually got the easy part as Brainchip staff are doing all the work!

Cheers

 

[chapman89]

This is an interview with megachips Douglas Fairbairn- I highly recommend listening to it again, and then adding what we know already since that interview was done.



Douglas Fairbairn reshared the Tapeout of akd1500 and said that MegaChip helped with the back end design of it.
If you listen to that interview again, when Douglas touches on what megachips do.

He said what megachips do is they help assemble all the building blocks for their customers (if it can be done) on to a single chip and then they handle the back end design and then the customers are waiting on a qualified tested chip that they can soon take to market.

So-
1. Megachips as stated have helped with the back end design of AKD1500.

2. So does that mean that we’ve taken orders and once Brainchip/megachips receive the reference chips from the foundry in a matter of a few weeks that we may see something?

It’s looking more and more likely if we add in what we know already!