BRN Discussion Ongoing

[Boab]

Hi Boab,

This is the link to the Espacennet publication.
US11657257B2 Spiking neural network

The specification and claims are not available here yet. Perhaps on Google patents?

The "Published As" data shows where it was filed ( the ones with a "B" suffix are granted) but this is complicated as this seems to be a Continuation of the earlier US11468299, probably based on US2023026363. The AU2021254524B2 is probably the parent, not the continuation (divisional /additional in AU).

US2023026363A1 SPIKING NEURAL NETWORK
[0002] This application is a continuation of U.S. patent application Ser. No. 16/670,368, filed on Oct. 31, 2019, which claims the benefit of U.S. Provisional Application No. 62/754,348, filed on Nov. 1, 2018, titled “An Improved Spiking Neural Network,” all of which are hereby incorporated by reference in their entirety for all purposes.

This is the first claim of the application. It may have been modified during examination.

Claim 1
A neuromorphic integrated circuit, comprising:

a spike converter configured to generate spikes from input data;

a spike input buffer configured to store the spikes from the spike converter;

a neuron fabric comprising a neural processor comprising a plurality of spiking neuron circuits configured to perform a task based on the spikes and a neural network configuration;

a memory comprising the neural network configuration, wherein the neural network configuration comprises a potential array and a plurality of synapses, the neural network configuration defines connections between the plurality of spiking neuron circuits and the plurality of synapses, the potential array comprising membrane potential values for the plurality of spiking neuron circuits, and the plurality of synapses having corresponding synaptic weights;

a packetizer configured to generate a spike packet comprising spike bits representing the spikes in the spike input buffer, wherein each spike bit in the spike packet corresponds to a synapse in the plurality of synapses; and

a processor configured to modify the neural network configuration based on a plurality of configuration parameters,

wherein a spiking neuron circuit in the plurality of spiking neuron circuits is configured to:

apply a first logical AND function to a first spike bit in the spike packet and a first synaptic weight of a first synapse corresponding to the first spike bit, wherein the first synaptic weight has a value of one, and the applying the first logical AND function outputs a logical one; and

increment a membrane potential value associated with the spiking neuron circuit in response to the applying the first logical AND function outputting the logical one;

apply a second logical AND function to the first spike bit in the spike packet and a second synaptic weight corresponding to the first spike bit, wherein the second synaptic weight has a negative value, and the applying the second logical AND function outputs a logical one;

decrement the membrane potential value associated with the spiking neuron circuit in response to the applying the second logical AND function outputting the logical one.


For comparison, this is claim 1 of the parent US11468299 which we have seen before:

1. A neuromorphic integrated circuit, comprising:

a spike converter circuit configured to generate spikes from input data;

a reconfigurable neuron fabric comprising a neural processor comprising a plurality of spiking neuron circuits configured to perform a task based on the spikes and a neural network configuration; and

a memory comprising the neural network configuration, wherein the neural network configuration comprises a potential array and a plurality of synapses, and the neural network configuration defines connections between the plurality of spiking neuron circuits and the plurality of synapses, the potential array comprising membrane potential values for the plurality of spiking neuron circuits, and the plurality of synapses having corresponding synaptic weights,

wherein the neural processor is configured to:

select a spiking neuron circuit in the plurality of spiking neuron circuits based on the selected spiking neuron circuit having a membrane potential value that is a highest value among the membrane potential values for the plurality of spiking neuron circuits;

determine that the membrane potential value of the selected spiking neuron circuit reached a learning threshold value associated with the selected spiking neuron circuit; and

perform a Spike Time Dependent Plasticity (STDP) learning function based on the determination that the membrane potential value of the selected spiking neuron circuit reached the learning threshold value associated with the selected spiking neuron circuit.

Unlike @Bravo's hot tub party it looks like our asses are well and truly covered.
Thoroughly thorough.
Thank you

 

[GStocks123]

FFS never thought we would be seeing 30’s ever again..

 

[HarryCool1]

Draed ........... Totally agree with your post.

IMO .......... There were two other things at the AGM that also stood out big time to me, these being :

1) The question from someone in the audience who stated that he was a CEO from another rather large organisation and how dissatisfied and baffled he was with the proposition that Sean nor the board were unwilling and unable to give any financial forcasts or guidances. IMO, This question really through a curved ball at Sean and the Board and questioned how the Co could take / make any forward moves without actually knowing where the Co financially stands at present or even a few years down the track.

2) Also of concern to me was the situation that the Co would not devulge what was or is contained within the so called 5 year Co plan that Sean had submitted and which was eventually approved by the Board.

Once again this AGM was a situation of keeping s/holders in the dark and invoking the onging " Cone of Silence " treatment.

The mood did shift somewhat with that one!
Along with the diversion about the board forking out some of their own hard earned to buy shares on market to show they fully believe in what they say.

 

[curlednoodles]

Did the renumeration items on the agenda get voted down? Sorry if it was posted earlier but I didn't see it.
Thanks

Yes, received first strike

 

[Dhm]

Hi all, am i or have i missed something about Renesas ?

No longer on this page, or elsewhere ?

View attachment 37152

Renesas is still on our home page as partner.

 

[supersonic001]

Renesas is still on our home page as partner.

View attachment 37153

thanks @Dhm i went direct to Partners page and IP, alas...........

 

[Realinfo]

Roger Dodger’s full and unexpurgated commentary to the AGM…

’My name is Roger Manning and I’ve been a shareholder since 2016.

Last year, I suggested our company was one that showed potential. Twelve months on, very little has changed, although it would be fair to say it’s potential has been enhanced.

Last year I questioned the merits of paying yourselves the level of remuneration you were asking shareholders to approve. I said it was premature and excessive and that it should only be paid after it was earned, by achieving things above and beyond what shareholders could reasonably expect from simply doing your job. But approve it we did…and in 2022, pay it you did.

It may surprise shareholders to learn that in 2022, our chairman and other directors paid themselves more than their peers at BHP and CBA…companies that in 2022 generated billions in profits and paid their shareholders billions in dividends. It may also surprise shareholders to learn that in 2022, our CEO was paid a similar amount to his counterparts in the same companies.

Last year we we’re told…judge me not on effort, but on results. We can debate until the cows come home what constitutes results, but with public companies, the sole arbiter of results and success is demonstrated by the share price. On this day last year, it was $1.27…today it’s 40 odd cents.

The level of remuneration you’re asking us to approve for 2023 simply adds insult to shareholder injury. Once again, it’s premature and excessive. I believe you’ve lost sight of reality, when it comes to what is above and beyond what can reasonably be expected from simply doing your job, and thus be rewarded, and what is simply doing your job.

If you’re dinkum about your commitment to our company, then pay yourselves your already generous basic salaries and nothing more, until our company earns more than it spends.

I believe you all have a sense of entitlement, and this must end.’

I will leave it to your vivid imaginations, how this text came into my possession.

I must say that I was surprised by the vote on remuneration. It was not merely a strike, but for mine the vote was lost, rejected, thrown out by a majority of shareholders. Me myself personally thinks this is more than just a strike, but I stand to be corrected.

Roger and out !!

 

[OutbackJohn]

Well, its been quite a pile on since the AGM….

Yesterday came away disappointed, but a quiet read thru of the Chairmans & CEO addresses this morning has re-excited me about BRN prospects.

Sean may not be the gifted orator expected by some. For ASX rule purposes he had to stick strictly to the script and was put under too tight a time frame to deliver his speech by the Company. I believe he has changed for the better the focus and structure of our company. That was needed and he deserves the thanks of shareholder.

Most importantly he knows how to put a technology adoption roadmap together!
AGM Quote: we are “building a a commercialisation engine!”. I like the word Engine.

Previously the strategy followed was that all we needed to do was build a better mousetrap and sales would follow. We have all learned we need to bait the trap as well!
(As an aside, one day the market will realise that our mousetrap is quite disruptive. I wonder did it have a code name C.A.T).

I like having the Research, Marketing, Engineering, Sales functions aligned for commercial success, underpinned by quality staff. A company culture focussed on commercialisation and turning technical leads into sales is primed for success. Fundamentally we have been positioned right in the middle of the coming neuromorphic revolution. According to independent research reports the addressable markets are very large.

OK, income haven’t come as quickly or as strongly as we would like. Big Negative.

So we may have to forget for the moment income coming from markets where good enough alternatives exist. EG smart Doorbells?

But where there is demand for advanced object detection, sequence prediction, low power and self learning requirements Akida comes into its own. EG Self Driving Automobiles. That market will focus on products that give a technology edge and will be prepared to pay for it.

AGM Quote: “it is important to note that we are not losing to others - it’s just taking longer.”

This morning we have had confirmation that Brainchip’s world leadership in edge AI on-chip processing and learning is being protected in the USA ( arguably the world’s most important AI technology powerhouse). That augurs well for future market positioning and success.

Finally Shareholders and the market do not like surprises. Hopefully our Board will get the message.

Communicating with shareholders and bringing them on board with Management plans and actions is 101 Shareholders Relations.

Why were Board Members not introduced to the meeting yesterday?

Why not ask Board Members to say a few words about why they are working for the Company’s success, and to explain how they are making an impact on the success of the Company. Shareholders better knowing and understanding the global quality of Board Members could take the heat out of Remuneration Motions.

One of the strengths of our Company is the technical expertise and knowledge of Company Leaders. Understandably their focus is on disseminating technical news to technology ecosystems etc. They talk that language. But this needs to be balanced by better understanding the needs and concerns of Shareholders.

People have responded well to the Chairmans address and explanation of the technology development cycle

I don’t see why this (and similar explanations) could not have been earlier circulated to Shareholders in a series of “Briefing Documents”. These would be educational in nature. They could help shareholders understand the technical and market commercialisation challenges faced by the company and provide some comfort to shareholders about the directions the company. Much better than being hit with unexpected news at a AGM.

The appointment of a Communications Expert would be welcome.

As always, just my opinion.
OutbackJohn

 

[Esq.111]

Roger Dodger’s full and unexpurgated commentary to the AGM…

’My name is Roger Manning and I’ve been a shareholder since 2016.

Last year, I suggested our company was one that showed potential. Twelve months on, very little has changed, although it would be fair to say it’s potential has been enhanced.

Last year I questioned the merits of paying yourselves the level of remuneration you were asking shareholders to approve. I said it was premature and excessive and that it should only be paid after it was earned, by achieving things above and beyond what shareholders could reasonably expect from simply doing your job. But approve it we did…and in 2022, pay it you did.

It may surprise shareholders to learn that in 2022, our chairman and other directors paid themselves more than their peers at BHP and CBA…companies that in 2022 generated billions in profits and paid their shareholders billions in dividends. It may also surprise shareholders to learn that in 2022, our CEO was paid a similar amount to his counterparts in the same companies.

Last year we we’re told…judge me not on effort, but on results. We can debate until the cows come home what constitutes results, but with public companies, the sole arbiter of results and success is demonstrated by the share price. On this day last year, it was $1.27…today it’s 40 odd cents.

The level of remuneration you’re asking us to approve for 2023 simply adds insult to shareholder injury. Once again, it’s premature and excessive. I believe you’ve lost sight of reality, when it comes to what is above and beyond what can reasonably be expected from simply doing your job, and thus be rewarded, and what is simply doing your job.

If you’re dinkum about your commitment to our company, then pay yourselves your already generous basic salaries and nothing more, until our company earns more than it spends.

I believe you all have a sense of entitlement, and this must end.’

I will leave it to your vivid imaginations, how this text came into my possession.

I must say that I was surprised by the vote on remuneration. It was not merely a strike, but for mine the vote was lost, rejected, thrown out by a majority of shareholders. Me myself personally thinks this is more than just a strike, but I stand to be corrected.

Roger and out !!

Good Afternoon Realinfo,

Bloody Ledgend.

This was perhaps one of the top three questions / statements put to the board , to try and justify.

The sense of outright entitlement truely is above and beyond.

Top job.

I have refrained from commenting on the AGM .

Regards,
Esq.

 

[Sam]

They would do well to get onto Nasdaq for recognition worldwide ASAP and beginning our trajectory northwards.
Nasdaq WILL crack the icy waters of International business community IMO. Vlad.

I tend to agree mate, only a week ago or so Szl asx went from .60c - $22 overnight once listed on Nasdaq
Unsure what the requirements are?!

 

[buena suerte :-)]

This made me laugh ,
Bloody brilliant

Watch the beautiful reactions from these two elderly gents as they take a ride in an autonomous Uber 😊 | Simon te Brinke FAICD

Watch the beautiful reactions from these two elderly gents as they take a ride in an autonomous Uber 😊 #tech #autonomousvehicles #technology #autonomousdriving Video via: UNILAD

www.linkedin.com

Awesome

 

[Cirat]

I tend to agree mate, only a week ago or so Szl asx went from .60c - $22 overnight once listed on Nasdaq
Unsure what the requirements are?!

From an ASX Release 24 May 2023 "Sezzle, advises that following the implementation of the reverse stock-split as approved by stockholders at the Special Stockholder Meeting held on 24 April 2023, on a 38 for 1 basis"

Not Financial Advice, DYOR

 

[Boab]

From an ASX Release 24 May 2023 "Sezzle, advises that following the implementation of the reverse stock-split as approved by stockholders at the Special Stockholder Meeting held on 24 April 2023, on a 38 for 1 basis"

Not Financial Advice, DYOR

.60 X 38 = $22.80 ripped off

 

[Cardpro]

Time will prove that Sean Hehir is a WARRIOR!

Just go READ Sean’s prepared address, quietly, removed from all the cynical BS, and really grasp the progress and SETUP we have for the next 12 months.

He might not be the best at reading a script, but he sure knows the industry in depth!

Akida 1.0 was a necessary step.
Akida 1.5 is a necessary bridge.
2nd Gen Akida is a market darling.
3rd Gen Akida…yeah, try to dislodge us then!

IT’S COMING!

Looking forward to AkidO 2975 which will make us rich.... one day...

I don't understand... I thought we had heaps of engagements and feedbacks from all these EAPs hiding behind NDAs when we were designing our NSoC... and feedbacks were very exciting, promisimg and everyone loved it........ but now we r saying it was only meant to be step 1 and 1.5......

we keep engaging many many many many EAPs but still release some sort of incomplete product only useful for few customers...

 

[robsmark]

I tend to agree mate, only a week ago or so Szl asx went from .60c - $22 overnight once listed on Nasdaq
Unsure what the requirements are?!

Something doesn’t smell right here. I know nothing about SZL, but a quick look at the numbers indicate the following - MC $118.9m, SP $21.87. If we divide this market SP by the SP last week ($0.60) it means the stock has roughly 36x in a week (assuming no reverse split has taken place). If we divide the market cap by 36, this tells us the MC before NAS listing was $3.3m - hardly comparable to Brainchip is it?

Right now a listing on the NAS would cost us a fortune, expose us to much more liquidity (meaning more shorting) and much bigger prey - all in all likely a death sentence. I’ve said it before and I’ll say it again - let’s outgrow the ASX before we even consider listing on an American tech index. Tony and I have spoken about this and at that point in time he agreed.

The SP needs to grow the old fashioned way - with proven sales and commitment from customers. Management and the team need to ensure this happens by doing their jobs well. Jobs which they are paid well to do.

 

[krugerrands]

I tend to agree mate, only a week ago or so Szl asx went from .60c - $22 overnight once listed on Nasdaq
Unsure what the requirements are?!

"To satisfy the minimum US$4.00 bid price required by the initial listing requirements of the Nasdaq Global Market, the Company’s Board of Directors has approved, subject to stockholder approval, a reverse split of the Company’s common stock."

"...anticipates completing each of these activities no later than September 30, 2023."

Not listed on NASDAQ, just intends to.

1-for-38 reverse stock split to increase the price of a single share in order for them to list on the NASDAQ as per requirement above.

The $22 is thus worth ~58c before 1-for-38 reverse split.

 

[robsmark]

"To satisfy the minimum US$4.00 bid price required by the initial listing requirements of the Nasdaq Global Market, the Company’s Board of Directors has approved, subject to stockholder approval, a reverse split of the Company’s common stock."

"...anticipates completing each of these activities no later than September 30, 2023."

Not listed on NASDAQ, just intends to.

1-for-38 reverse stock split to increase the price of a single share in order for them to list on the NASDAQ as per requirement above.

The $22 is thus ~58c

This sounds about right.

 

[mrgds]

Looking forward to AkidO 2975 which will make us rich.... one day...

I don't understand... I thought we had heaps of engagements and feedbacks from all these EAPs hiding behind NDAs when we were designing our NSoC... and feedbacks were very exciting, promisimg and everyone loved it........ but now we r saying it was only meant to be step 1 and 1.5......

we keep engaging many many many many EAPs but still release some sort of incomplete product only useful for few customers...

HaHa, ........................... speaking of AKIDO

Did anyone else pick up on "Heyheys" AKIDO moment during his address to shareholders?

Reading his script, he meant to say Ai, but inturn actually said A arm, ..................................

Mmmmmmmmmmm ............................ fraudulant slip?
Mmmmmmmmmmm ............................ just too stoned?
Of course it was the jet lag, and the wrong reading glasses.

Well, its been quite a pile on since the AGM….

Yesterday came away disappointed, but a quiet read thru of the Chairmans & CEO addresses this morning has re-excited me about BRN prospects.

Sean may not be the gifted orator expected by some. For ASX rule purposes he had to stick strictly to the script and was put under too tight a time frame to deliver his speech by the Company. I believe he has changed for the better the focus and structure of our company. That was needed and he deserves the thanks of shareholder.

Most importantly he knows how to put a technology adoption roadmap together!
AGM Quote: we are “building a a commercialisation engine!”. I like the word Engine.

Previously the strategy followed was that all we needed to do was build a better mousetrap and sales would follow. We have all learned we need to bait the trap as well!
(As an aside, one day the market will realise that our mousetrap is quite disruptive. I wonder did it have a code name C.A.T).

I like having the Research, Marketing, Engineering, Sales functions aligned for commercial success, underpinned by quality staff. A company culture focussed on commercialisation and turning technical leads into sales is primed for success. Fundamentally we have been positioned right in the middle of the coming neuromorphic revolution. According to independent research reports the addressable markets are very large.

OK, income haven’t come as quickly or as strongly as we would like. Big Negative.

So we may have to forget for the moment income coming from markets where good enough alternatives exist. EG smart Doorbells?

But where there is demand for advanced object detection, sequence prediction, low power and self learning requirements Akida comes into its own. EG Self Driving Automobiles. That market will focus on products that give a technology edge and will be prepared to pay for it.

AGM Quote: “it is important to note that we are not losing to others - it’s just taking longer.”

This morning we have had confirmation that Brainchip’s world leadership in edge AI on-chip processing and learning is being protected in the USA ( arguably the world’s most important AI technology powerhouse). That augurs well for future market positioning and success.

Finally Shareholders and the market do not like surprises. Hopefully our Board will get the message.

Communicating with shareholders and bringing them on board with Management plans and actions is 101 Shareholders Relations.

Why were Board Members not introduced to the meeting yesterday?

Why not ask Board Members to say a few words about why they are working for the Company’s success, and to explain how they are making an impact on the success of the Company. Shareholders better knowing and understanding the global quality of Board Members could take the heat out of Remuneration Motions.

One of the strengths of our Company is the technical expertise and knowledge of Company Leaders. Understandably their focus is on disseminating technical news to technology ecosystems etc. They talk that language. But this needs to be balanced by better understanding the needs and concerns of Shareholders.

People have responded well to the Chairmans address and explanation of the technology development cycle

I don’t see why this (and similar explanations) could not have been earlier circulated to Shareholders in a series of “Briefing Documents”. These would be educational in nature. They could help shareholders understand the technical and market commercialisation challenges faced by the company and provide some comfort to shareholders about the directions the company. Much better than being hit with unexpected news at a AGM.

The appointment of a Communications Expert would be welcome.

As always, just my opinion.
OutbackJohn

Great point OJ
Why weren"t the other "panelists" included in giving a brief summary of their year as they saw it?

AKIDO BALLISTO

 

[AARONASX]

I tend to agree mate, only a week ago or so Szl asx went from .60c - $22 overnight once listed on Nasdaq
Unsure what the requirements are?!

There are rules that you need to meet to list on the NASDAQ

I would think when the time come they would priorites this as a priority...well bloody hoping!

Must be at least $4.00. (may qualify under)
-This can be fixed with a reverse-split,...as for the ones below, we are well off meet all of them today!

Standard No. 1: Earnings
pre-tax earnings in the prior three years of at least $11 million, in the previous two years at least $2.2 million, and no single year in the prior three years can have a net loss.

Standard No. 2: Capitalization With Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. Also, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.

Standard No. 3: Capitalization With Revenue
Companies can be removed from the cash flow requirement of the second standard if their average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.

Standard No. 4: Assets With Equity
Companies can eliminate the cash flow and revenue requirements and decrease their market capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.

What Are the Listing Requirements for the NASDAQ?

Only companies with a solid history and top-notch management behind them are considered for listing on the NASDAQ.

www.investopedia.com

 

[Easytiger]

These calls for Fact Finder to come and pour some soothing lotion on the burns are made in jest, I hope. With all the due respect one can earn on an anonymous forum, I have respect for him, the research and insights he posted specific to BRN, and the general anecdotes to life. However, let's be clear, he is not the Mesiah, cometh to ease the burdens of people that aren't enjoying reading a hard word about the company. I'd also imagine that FF wouldn't want that burden to shoulder.

Ok, now that that's off my chest, I'm in two minds about the AGM. I'm glad that it was a no bullshit presentation and that the facts, to the best of the boards and CEO's ability, were laid bare. It's a bitter pill to swallow, as the 2022 AGM painted a much more positive picture with strong suggestions of growth in FY23. As this obviously hasn't happened, it was either a massive miscalculation or it was exaggeration and hyperbole.

I agree that Sean didn't present well, and as much as I'd like to give him the benefit of the doubt, he's in a position where he needs to perform at a higher level, and his performance is one of many factors in the litmus test that makes up his remuneration. I just pray that his performance away from the public eye makes up for his public performance.

I'll admit I only caught bits of the AGM as I was listening to it while working and had competing priorities, so I may have misheard or misinterpreted the NDA topic. What got to me though, is the company has been hanging it's hat on the amount of NDA's they have, which naturally leads investors to believe the client relationship is progressing (naturally at differing levels). What I understood of Antonio's response to the question on NDA's is that they are pretty much boiler plate for any company initiating engagement with BRN, so while some have the potential to proceed, they are not in and of themselves anything more than enquiries. Maybe I'm naive, but I had a different understanding of them.

I'm going to continue to hold, and still believe in the tech and PVDM, but there is, in my mind, a disconnect between the tech and the foundation, and the management approach to shareholder engagement.

Oh, and Roger, if you're on here... Legend!

Who is requiring the NDA - BRN or the potential to be customer?

I am not sure the latter has the power/ choice if our product is, what the say.