BRN Discussion Ongoing

[Foxdog]

Hi DB,

Some of the "mistakes" the company is said to have made can be attributed to the rapid changes in the NN technology.

We put the Akida 1 engineering samples out for testing by the EAPs, and made several changes based on their feedback, most notably optional 4-bit weights and activations and the CNN2SNN converter.

So we redesigned Akida 1 and produced it, only to find the market now wanted LSTM for speech and video. Then, even while our engineers were burning the candle at both ends, along came the newly created transformers which were more efficient at handling time-varying inputs like speech and video.
https://deepai.org/machine-learning...vector. This is very important in translation. (This website comes with a recommendation to enter with a bucket in case your brain explodes)

It should be noted that there was no existing hardware implementation for LSTMs or transformers at the time. They are both software concepts, transformers being adapted to run on GPUs and LSTMs more suited for a more serial-based processing on CPUs.

So really Akida Gen 2 is another major technological breakthrough by BrainChip pretty much on a par with the digital SNN, and, while a few privileged EAPs are aware of it (we've seen the comments) or its software simulation, this is something which should be trumpeted from the rooftops ... but alas, the technology is so complex that it would be more complex than explaining the Higgs Boson.

So what do you think Gen 3 is going to bring to the table?

 

[alwaysgreen]

Some quotes or excerpts from the interview.

- We are highly confident that revenue will be coming across the line in the future. Not 12 months. Not 3-5 years but somewhere in between.

So 2 years for any decent revenue.

- Funding: We are examining all options.

Sounds like a cap raise incoming.

 

[yogi]

View attachment 37174
Nice and close to the bar after yesterday's grilling at the AGM

Sean seems a lot more confident than yesterday. A couple of Johnny Blues may have helped.

I think this is one of the best Interview

 

[Quatrojos]

Around 2min into the ASX Investor interview, Hehir refers to AKD1000 being applicable to vibration detection.

April 27, 2023:

Log In | Renesas

www.renesas.com

Renesas' Reality AI solutions combine advanced signal processing with artificial intelligence on inexpensive edge nodes, for example this vibration sensing motor control solution. Reality AI solution can be added to any motor control solution. It will take the speed and current information and evaluate the data through AI functions. Since Reality AI is targeted at “edge nodes”, it requires very little resources in the MCU, just a little additional memory to execute the AI functions. No additional hardware is required.

2 nodes may be all it takes for this to fire in the latter half of the year...

 

[buena suerte :-)]

Here it is

Brilliant .... Great interview with the ASX investor (good to see him again) ... Sean spoke very well and answered questions with great fluidity ... very happy with his responses. Thanks for posting @alwaysgreen

 

[FJ-215]

Here it is

Thanks AG,

Only half way through but just had to say, that is one seriously looking, highly stressed dude. Get that man to a golf course, stat. Followed by a decent lunch and an amble supply of quality Australian Red.

Yep, crap first year.

I don't know what the AGM message was meant to be.....seemed a mix of bad economics, bad marketing and poor product????

Shit........

 

[Terroni2105]

Well written, I really like the idea of board members (non-executive) each addressing the shareholders and explaining how they are contributing. When I think about it that should really be a given that it does happen. I have made a note for myself to ask for this at the next AGM.


edit: this was in reply to OutbackJohn post but it didn’t seem to link
Post in thread 'BRN Discussion Ongoing'
https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-300622

 

[alwaysgreen]

The last comment. Let's get a couple of licenses over the line over the next 12 months.

 

[TheUnfairAdvantage]

Some quotes or excerpts from the interview.

- We are highly confident that revenue will be coming across the line in the future. Not 12 months. Not 3-5 years but somewhere in between.

So 2 years for any decent revenue.

- Funding: We are examining all options.

Sounds like a cap raise incoming.

I think the reference to revenue and the timing should be more in context of the message given.

Revenue was referred to in the first instant as continuing to be lumpy. The second instance was referred to as a cadence of income or fluidity (regular flow). This was where the somewhere in between comment was. So….we could possibly see revenue sooner (lumpy) and later, but a regular flow and exponential growth of income is somewhere between 12 months and 3 to 5 years. That’s my take.

 

[alwaysgreen]

I think the reference to revenue and the timing should be more in context of the message given.

Revenue was referred to in the first instant as continuing to be lumpy. The second instance was referred to as a cadence of income or fluidity (regular flow). This was where the somewhere in between comment was. So….we could possibly see revenue sooner (lumpy) and later, but a regular flow and exponential growth of income is somewhere between 12 months and 3 to 5 years. That’s my take.

Yeah that is why I said "decent" revenue. Licenses are required but royalties are where we will make consistent, high margin revenue.

 

[TheUnfairAdvantage]

Yeah that is why I said "decent" revenue. Licenses are required but royalties are where we will make consistent, high margin revenue.

Well, depends on your perspective. I would think $7 to $10 million over the next 12 months in lumps would be decent.

But, yes, we all would prefer regular flow of royalties, and a decent amount of course.

 

[Xhosa12345]

Some quotes or excerpts from the interview.

- We are highly confident that revenue will be coming across the line in the future. Not 12 months. Not 3-5 years but somewhere in between.

So 2 years for any decent revenue.

- Funding: We are examining all options.

Sounds like a cap raise incoming.

Super loose numbers:

24m burn per year
17m in bank
So need 8m in lumpy Revenue in a year to break even (obviously not counting any lda capital addional draw down)

How much more from lda available?

Hopefully enough to get to the 2 year point at the above burn rate before the material streams Hopefully commence

Ill check in more detail the cash and projections, im on my phone atm its hard

 

[Boab]

Brilliant .... Great interview with the ASX investor (good to see him again) ... Sean spoke very well and answered questions with great fluidity ... very happy with his responses. Thanks for posting @alwaysgreen

I enjoyed when he spoke about the Board and how they were tough and keeping him on target or words to that effect.
As share holders I believe this world class board has our backs.
Good interview and he is much more at ease when he is not reading his own words.
I wonder why else he was in Melbourne?

 

[Yoda]

Here it is

I just watched the ASX Investor interview with Sean Hehir - just out on YouTube - it was a great interview. Noah from the ASX Investor is so knowledgeable about BRN and Akida that he asks all the right questions that informed shareholders want answered. As a result, it was a great platform for Sean to answer those questions and I thought he did very well with some very encouraging responses. It was just the interview that was needed at this time. The interview left me feeling excited again about the future of the company and the product. If you haven't seen it, it is a must watch. Success is coming . . .

 

[Mt09]

@chapman89 what happened to the Valeo post?

 

[Getupthere]

@chapman89 what happened to the Valeo post?

Vanished

 

[Humble Genius]

Edge Impulse at it......

 

[Mt09]

Vanished

I thought I was loosing my marbles..

 

[The Pope]

I enjoyed when he spoke about the Board and how they were tough and keeping him on target or words to that effect.
As share holders I believe this world class board has our backs.
Good interview and he is much more at ease when he is not reading his own words.
I wonder why else he was in Melbourne?

As FYI after Melbourne today, Sean is off to Perth then to Japan and then to Europe. I spoke to him for a few minutes not long after the AGM had finished.

 

[DingoBorat]

Super loose numbers:

24m burn per year
17m in bank
So need 8m in lumpy Revenue in a year to break even (obviously not counting any lda capital addional draw down)

How much more from lda available?

Hopefully enough to get to the 2 year point at the above burn rate before the material streams Hopefully commence

Ill check in more detail the cash and projections, im on my phone atm its hard

Your "17m in bank" (USD) doesn't include the 12.2 million (AUD) received from the recent LDA capital call...

There is still a further, roughly 10m shares for capital call before the end of the year (as well as an option for an additional 10 million shares).

So I think you are overstating BrainChip needs for more funding, at least at this point.