BRN Discussion Ongoing
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Fact Finder
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Hi Esq
You beat me to it but this is the link to the Frequently Answered Questions where this information can be found on the Brainchip website.
Investor FAQ - BrainChip
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and...
sb182 every ASX listed company has to maintain a register of shareholders. A company can do it or it can as most do appoint an agent. In this case Brainchip has appointed Boardroom. Every company has a different approach to the release of information however under the Rules a registered shareholder has the right to personally attend the share registry in this case Boardroom and without payment of any fee inspect the register. Over my time with Brainchip as a shareholder the registry by all accounts has been a little flexible if what others has stated is correct. I have never had the need to contact so cannot speak from personal experience.
On the LDA Capital extension we know it costs about $20 million per annum to keep the lights on. We know that Brainchip has about this amount so about four quarters of cash runway.
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.
So I simply ask the rhetorical question if Brainchip only has enough cash to keep the lights on for the next four quarters ie 2024 where were the funds coming from to turn the AKIDA 2.0 into a reference chip and if AKIDA 3.0 IP is finalised where will the funds come from to turn it into a reference chip.
Socionext and TSMC cost the best part of about $5 million to produce AKD1000. I am not sure if we had sufficient information to work out what AKD1500 cost at Global Foundries. AKIDA 2.0 and AKIDA 3.0 are more complex chips again to produce. If we look at the amount of capital secured via LDA Capital by coincidence the minimum draw down amount of $12 million would likely be sufficient to produce at least AKIDA 2.0.
and may also cover AKIDA 3.0.
I will leave it to others to say whether the production of AKIDA 2.0 and possibly AKIDA 3.0 as reference chips to demonstrate LLMs to customers World wide is a good or bad thing from a commercialisation perspective and a sensible way to accelerate that process.
My opinion only DYOR
FF
AKIDA BALLISTA
Pom down under
Top 20
Quatrojos
Regular
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.Hi Esq
You beat me to it but this is the link to the Frequently Answered Questions where this information can be found on the Brainchip website.
Investor FAQ - BrainChip
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and...investors.brainchip.com
sb182 every ASX listed company has to maintain a register of shareholders. A company can do it or it can as most do appoint an agent. In this case Brainchip has appointed Boardroom. Every company has a different approach to the release of information however under the Rules a registered shareholder has the right to personally attend the share registry in this case Boardroom and without payment of any fee inspect the register. Over my time with Brainchip as a shareholder the registry by all accounts has been a little flexible if what others has stated is correct. I have never had the need to contact so cannot speak from personal experience.
On the LDA Capital extension we know it costs about $20 million per annum to keep the lights on. We know that Brainchip has about this amount so about four quarters of cash runway.
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.
So I simply ask the rhetorical question if Brainchip only has enough cash to keep the lights on for the next four quarters ie 2024 where were the funds coming from to turn the AKIDA 2.0 into a reference chip and if AKIDA 3.0 IP is finalised where will the funds come from to turn it into a reference chip.
Socionext and TSMC cost the best part of about $5 million to produce AKD1000. I am not sure if we had sufficient information to work out what AKD1500 cost at Global Foundries. AKIDA 2.0 and AKIDA 3.0 are more complex chips again to produce. If we look at the amount of capital secured via LDA Capital by coincidence the minimum draw down amount of $12 million would likely be sufficient to produce at least AKIDA 2.0.
and may also cover AKIDA 3.0.
I will leave it to others to say whether the production of AKIDA 2.0 and possibly AKIDA 3.0 as reference chips to demonstrate LLMs to customers World wide is a good or bad thing from a commercialisation perspective and a sensible way to accelerate that process.
My opinion only DYOR
FF
AKIDA BALLISTA
When did they indicate this desire?
Damo4
Regular
Akida 2 Ref chip or the Akida 3 IP?
Can't talk to PoC of AKD2, but AKD3 has been spoken about by Sean and has been in some announcements, possibly the AGM iirc.
They also provided a roadmap taking us to 2030 including many iterations of Akida, a while back.
Last edited:
Quatrojos
Regular
Thanks. Was talking about 2.0, mainly. Anyone know when, off top of head?
Never rely on the expected payments. So many things are going on like earthquake in Japan, wars, recession, CCP, etc. It is a good thing that we have LDA in place just in case.
curlednoodles
Regular
The Merc "announcement" wasn't even an announcement by brainchip. It came out in an interview with Mercedes about their new concept car.
Fact Finder
Top 20
Not that I should need to tell a shareholder but the last AGM which is the minimum level of research a shareholder should do. It is even published on the ASX and it is easy to find there because they do not publish a great deal. As you are familiar with HC you should be able to find the ASX announcements quite easily as they are published on the Brainchip threads.
My opinion only DYOR
Fact Finder
Bravo
If ARM was an arm, BRN would be its biceps💪!
Picked up from the other side by our member David Holland aka Deadrise
Teksun Partner
As a proven global technology partnerships with vendors and solution providers, we let our customer develop the best of breed solutions for end users.teksun.com
Mentions brainchip partnered with Mercedes
View attachment 53235
Hi Pom, I wonder if BrainChip, Mercedes and Teksun could be working together on the driver monitoring application as mentioned here a few days ago?
Quatrojos
Regular
True. I just wanted to make a point:
If they desired to produce AKD2.0 back then, why not make the cap call at that time? The CEO has watched SP decline for so, so long, only to amend now. It should be embarrassing for him. I hope it is...
How conveniently timed
Nice to see at Least I’m not the only one who don’t worry
finance.yahoo.com
Here's Why We're Not Too Worried About BrainChip Holdings' (ASX:BRN) Cash Burn Situation
Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Deadpool
Regular
I think this goes without saying but would just like to add, that the company has to show that they have readily available funding going forward, when they are potentially inking $M contracts with clients. I don't think anybody is going to sign on the dotted line if they think BRN may a problem with finance going forward.Hi Esq
You beat me to it but this is the link to the Frequently Answered Questions where this information can be found on the Brainchip website.
Investor FAQ - BrainChip
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and...
sb182 every ASX listed company has to maintain a register of shareholders. A company can do it or it can as most do appoint an agent. In this case Brainchip has appointed Boardroom. Every company has a different approach to the release of information however under the Rules a registered shareholder has the right to personally attend the share registry in this case Boardroom and without payment of any fee inspect the register. Over my time with Brainchip as a shareholder the registry by all accounts has been a little flexible if what others has stated is correct. I have never had the need to contact so cannot speak from personal experience.
On the LDA Capital extension we know it costs about $20 million per annum to keep the lights on. We know that Brainchip has about this amount so about four quarters of cash runway.
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.
So I simply ask the rhetorical question if Brainchip only has enough cash to keep the lights on for the next four quarters ie 2024 where were the funds coming from to turn the AKIDA 2.0 into a reference chip and if AKIDA 3.0 IP is finalised where will the funds come from to turn it into a reference chip.
Socionext and TSMC cost the best part of about $5 million to produce AKD1000. I am not sure if we had sufficient information to work out what AKD1500 cost at Global Foundries. AKIDA 2.0 and AKIDA 3.0 are more complex chips again to produce. If we look at the amount of capital secured via LDA Capital by coincidence the minimum draw down amount of $12 million would likely be sufficient to produce at least AKIDA 2.0.
and may also cover AKIDA 3.0.
I will leave it to others to say whether the production of AKIDA 2.0 and possibly AKIDA 3.0 as reference chips to demonstrate LLMs to customers World wide is a good or bad thing from a commercialisation perspective and a sensible way to accelerate that process.
My opinion only DYOR
FF
AKIDA BALLISTA
Great point
Why should BRN have problems with finance if customers sign contracts with brainchip? If customers sign contracts, they do it because they see benefits I guess. Our western capitalistic economy works with depts otherwise it would collapse. So, if everyone would worry about the financial situation of other companies, there would be no business at all… just my opinion
Fact Finder
Top 20
Sorry I should have realised you were simply setting a trap and you did know the source of my statements.
I do hope you get your wish that the Brainchip share price collapses and your desire to embarrass Sean Hehir and prove his incompetence is realised.
Who gives a ...... about retail shareholders anyway as long as your personal grievance is satisfied???
Hang on are you not a real shareholder looking to make a return on your investment???
Then again if you were you would well know just as you did when setting your trap that a design win that was expected to see an IP licence sold fell over during second half 2023 when the company concerned closed down that arm of its operations laying of thousands of employees.
You would also know that a number of the early access customers for AKIDA 2.0 out of the blue suspended their further testing until the finalised IP was released. Yet knowing these things you completely ignore that these events could have had an effect on Brainchip's planning causing a rethink around timing of when revenue would occur.
But no in your balanced way you have laid a trap to try and make a point purely to satisfy some desire to embarrass the CEO.
It is indeed an interesting approach to investment:
1. Ignore the known facts.
2. Draw adverse conclusions without allowing for any alternate view that these facts might support.
3. Publish these adverse conclusions on a shareholder forum.
4. Then engage in setting a trap for what reason was it because you want the CEO to feel publicly embarrassed.
5. Celebrate your success in misleading those who read your posts.
6. In the end not embarrass the CEO.
7. Feel personally embarrassed by being caught out in the attempt.
I assume that what I have just responded to was another one of your traps. I like traps that work but given the above this one appears not to have triggered.
My opinion only DYOR
Fact Finder
Quatrojos
Regular
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip.Hi Esq
You beat me to it but this is the link to the Frequently Answered Questions where this information can be found on the Brainchip website.
Investor FAQ - BrainChip
BrainChip is the worldwide leader in edge AI on-chip processing and learning. The company’s first-to-market neuromorphic processor, AkidaTM, mimics the human brain to analyze only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and...
sb182 every ASX listed company has to maintain a register of shareholders. A company can do it or it can as most do appoint an agent. In this case Brainchip has appointed Boardroom. Every company has a different approach to the release of information however under the Rules a registered shareholder has the right to personally attend the share registry in this case Boardroom and without payment of any fee inspect the register. Over my time with Brainchip as a shareholder the registry by all accounts has been a little flexible if what others has stated is correct. I have never had the need to contact so cannot speak from personal experience.
On the LDA Capital extension we know it costs about $20 million per annum to keep the lights on. We know that Brainchip has about this amount so about four quarters of cash runway.
We know that Brainchip has indicated the desire to produce the AKIDA 2.0 as a reference chip. We know that Brainchip also is hoping to complete the IP design of AKIDA 3.0.
So I simply ask the rhetorical question if Brainchip only has enough cash to keep the lights on for the next four quarters ie 2024 where were the funds coming from to turn the AKIDA 2.0 into a reference chip and if AKIDA 3.0 IP is finalised where will the funds come from to turn it into a reference chip.
Socionext and TSMC cost the best part of about $5 million to produce AKD1000. I am not sure if we had sufficient information to work out what AKD1500 cost at Global Foundries. AKIDA 2.0 and AKIDA 3.0 are more complex chips again to produce. If we look at the amount of capital secured via LDA Capital by coincidence the minimum draw down amount of $12 million would likely be sufficient to produce at least AKIDA 2.0.
and may also cover AKIDA 3.0.
I will leave it to others to say whether the production of AKIDA 2.0 and possibly AKIDA 3.0 as reference chips to demonstrate LLMs to customers World wide is a good or bad thing from a commercialisation perspective and a sensible way to accelerate that process.
My opinion only DYOR
FF
AKIDA BALLISTA
From what I've seen, there's nothing about producing AKD2.0 as a reference chip in last year's AGM. How do you know this?
Quatrojos
Regular
Ad Hominem
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