BRN Discussion Ongoing

[Kachoo]

Their responses at the AGM doesn't fill me with too much confidence that we are in Valeo Scala 3. They seemed to be unsure of when we would become profitable. Valeo alone should bring us to profitability considering how many pre-orders they have for Scala 3. And knowing it is being released this year, if our IP was in it I would've thought the response at the AGM would be a little more confident.

Hope I'm wrong!

Dio has digested his view on Valeo it most certainly looks like we are a software driven which can later be put in to SOC. Obviously this will be less revenue for the moment but it's still adding to our kitty.

Just keep in mind the Board and Ceo and management know you need money to run the company. They Did a CR in starting March 29th for 12 Million. They have opportunities to raise more later but for the moment they are not. If they from the inside saw no revenue at all that allotment for the CR would have been higher. You have to understand they have a better idea on the cash flow to come from Valeo Mrgachips renesas Socionext VVDN and many more. It's not available to us as they can't make a speculative geuss to only se a delay in something.

They are very confident in their views being one of 2 or 3 designs. Now they would also know that if they have 4 or five of these chances and view the competition options and inferior tech that's good enough I suspect they will get a few yes if not most. Remember once the first company accepts the technology and its benefits to the product then the rest will follow suit very quick.

I believe it was stated out technology provided performance and cost benefits to the customer.

And the words that echo that they can get the COO CEO of the largest companies listen to then and have a talk is extremely valuable in the network as if there is an RND guy in the organization saying his work is better the CEO may see through that pretty quick. All my opinion

 

[Getupthere]

AI-powered headphones can tune into a single voice in a crowd — Popular Science

May 24, 2024 | 9:02 AM

apple.news

 

[Mt09]

Another former Brainchip employee.. our Japan head, has moved on.

Katsutoshi Yamazaki on LinkedIn: I’m happy to share that I’m starting a new position as Head of Sales &… | 13 comments

I’m happy to share that I’m starting a new position as Head of Sales & Business Development, Mobility & Industory at L&T Semiconductor Technologies! | 13 comments on LinkedIn

www.linkedin.com

 

[Guzzi62]

Another former Brainchip employee.. our Japan head, has moved on.

Katsutoshi Yamazaki on LinkedIn: I’m happy to share that I’m starting a new position as Head of Sales &… | 13 comments

I’m happy to share that I’m starting a new position as Head of Sales & Business Development, Mobility & Industory at L&T Semiconductor Technologies! | 13 comments on LinkedIn

www.linkedin.com

Maybe Sean was passing by and asking about progress?

You can't be Mr nice all the time when you are the boss, certain goals has to be meet or!

 

[Kachoo]

Another former Brainchip employee.. our Japan head, has moved on.

Katsutoshi Yamazaki on LinkedIn: I’m happy to share that I’m starting a new position as Head of Sales &… | 13 comments

I’m happy to share that I’m starting a new position as Head of Sales & Business Development, Mobility & Industory at L&T Semiconductor Technologies! | 13 comments on LinkedIn

www.linkedin.com

Yeah I noticed this the other day also this really highlights my theory possibly for a merger takeover possibly.

1. It was stated that we will not tape 2.0 so as to not complete with our customer?
2.Antonios comments a customer can buy the whole architecture licence and we would be profitable over night does that involve merger Aquisitions? I have not heard of a 20+ million dollar IP licence.
3. The VVDN edge box was a market test to see the demand for SNN products possibly.
4. The reduction in sales staff why need them if a buyer has his market team.
5. Big increased focus on RnD which is quite significant.
6. Changing of the guard Peter was very focus and driven for Akida yes he retired which many believed he would work to his final days.
7. The original investors have huge holding and I believe they want to see a payout also theyvare not immortal.
8. Meetings with CEO of the largest Semiconductor companies could obviously be more then a few million dollar IP deal that generates another 10 to 15 million in royalty. A CEO of Google and Intel and Samsung deal with billion dollar deals.

All that said our representative did get what looks to me a promotional role in sales so it could just be a move up. Nice guy to chat with but he was very quite on the social front.

So I could be wrong about A TO but it would not surprise me if it did happen. With the shift and focus on Neuromorphic chips I would geuss that this could happen sooner then we all think. Could Sean and Antonio been sent to clean up and make things look commercial for the new buyer? It's really a very hard yes or no but the buyer would IMO stroke a check for what I imagine some billions 2 to 3 dollars a share and it would pass. Maybe it be more if the top 10 felt it unfair. Yeah they could see 30 bucks a share with growth over the next 5 years or take the 2 to 5 today. All in my opinion.

 

[Iseki]

Morning ILoveLamp ,

Looks promising.... at the 1:43 minute mark ... the black box on this chaps desk looks similar to ours , though it is hard to get a clear shot of it.

May need to blow the image up on a bigger screen to confirm or rule out , ... it's black , boxy and about the right size.

Regards,
Esq.

Yes, indeed! If you look at the guy's laptop he's running bcdemo@bcdemo24

This is a part of the akida evaluation kit

https://brainchip.com/wp-content/uploads/2022/06/Akida-x86_EvalKit_UG_166a.pdf

 

[Pom down under]

Maybe Sean was passing by and asking about progress?

You can't be Mr nice all the time when you are the boss, certain goals has to be meet or!

 

[Humble Genius]

Yeah I noticed this the other day also this really highlights my theory possibly for a merger takeover possibly.

1. It was stated that we will not tape 2.0 so as to not complete with our customer?
2.Antonios comments a customer can buy the whole architecture licence and we would be profitable over night does that involve merger Aquisitions? I have not heard of a 20+ million dollar IP licence.
3. The VVDN edge box was a market test to see the demand for SNN products possibly.
4. The reduction in sales staff why need them if a buyer has his market team.
5. Big increased focus on RnD which is quite significant.
6. Changing of the guard Peter was very focus and driven for Akida yes he retired which many believed he would work to his final days.
7. The original investors have huge holding and I believe they want to see a payout also theyvare not immortal.
8. Meetings with CEO of the largest Semiconductor companies could obviously be more then a few million dollar IP deal that generates another 10 to 15 million in royalty. A CEO of Google and Intel and Samsung deal with billion dollar deals.

All that said our representative did get what looks to me a promotional role in sales so it could just be a move up. Nice guy to chat with but he was very quite on the social front.

So I could be wrong about A TO but it would not surprise me if it did happen. With the shift and focus on Neuromorphic chips I would geuss that this could happen sooner then we all think. Could Sean and Antonio been sent to clean up and make things look commercial for the new buyer? It's really a very hard yes or no but the buyer would IMO stroke a check for what I imagine some billions 2 to 3 dollars a share and it would pass. Maybe it be more if the top 10 felt it unfair. Yeah they could see 30 bucks a share with growth over the next 5 years or take the 2 to 5 today. All in my opinion.

If there was a takeover, you would not imagine the takeover bid to be less than US$5Billion for the company?
What are your thoughts?

 

[Guzzi62]

If there was a takeover, you would not imagine the takeover bid to be less than US$5Billion for the company?
What are your thoughts?

Roughly 2.5$ a share, hmm.

Not impossible but 10 billion would be much better, LOL.

I doubt it about a BO, but I am no expert on the subject, as I had said before if they get an offer shareholders can't refuse never say never.

 

[Kachoo]

If there was a takeover, you would not imagine the takeover bid to be less than US$5Billion for the company?
What are your thoughts?

Well that is 4 dollars a share AUD far north of what it is now its not saying I would be 100% happy with the out come but it's cash in your hand right. I guess you would need to leverage it into a company that buys BRN to see more $$$. I'm sure if that price for Demitro PVDM and AM and a few others agree to the vote would pass. Imo.

Really if that happened Monday I would not cry lol. But that said what if there are 2 bidding companies that could be interesting.

With TENNs for LLM we could even see more depending on what the experts see it be worth.

This I'll say at 27 cents AUD we do not reflect the IP value at all its my opinion.

 

[Terroni2105]

Yes, indeed! If you look at the guy's laptop he's running bcdemo@bcdemo24

This is a part of the akida evaluation kit

https://brainchip.com/wp-content/uploads/2022/06/Akida-x86_EvalKit_UG_166a.pdf

Wow, great pick up Iseki. And good find @IloveLamp

they are also using prophesee

 

[Kachoo]

Roughly 2.5$ a share, hmm.

Not impossible but 10 billion would be much better, LOL.

I doubt it about a BO, but I am no expert on the subject, as I had said before if they get an offer shareholders can't refuse never say never.

Why would you doubt a buy out ? The main players have passed the baton only AM left. The only way they get a payout is to BO. If you grow organically you would earn more yes bit they are well in their 60s.

Have you seen how rundown Sean looks compare when he started to know this is dedication. Sales staff reduction engineer growth all plausible.

 

[Ahboy]

Yes, indeed! If you look at the guy's laptop he's running bcdemo@bcdemo24

This is a part of the akida evaluation kit

https://brainchip.com/wp-content/uploads/2022/06/Akida-x86_EvalKit_UG_166a.pdf

Impressive, you sir have an eagle eye.

 

[Diogenese]

No...

Saw this the other week but didn't post it. Need @Diogenese to give the full rundown. Above my paygrade.


IoT: new energy-efficient chips could expand the scope of artificial intelligence in edge computing

"Last year, in an article in Nature Communication published in collaboration with scientists from, among others, Robert Bosch GmbH, the Technical University of Munich, and the Indian Institute of Technology in Kanpur, Kämpfe unveiled an innovative chip design that makes use of ferroelectric field effect transistors (FeFET) that can store information even when they are disconnected from a power source. The new chip also has the key advantage of being able to simultaneously store and process data in transistors, which greatly reduces the bottleneck between data processing and memory."

“The chip we developed with Bosch and Fraunhofer IMPS, which is currently in production in the USA at GlobalFoundries, can deliver 885 TOPS/W”, explains the researcher. For an idea of what this means in practical terms, consider that GPU chips currently used in AI deliver 10 to 20 TOPS/W [Tera Operations Per Second and per Watt]. For the time being, however, the developers of the new architecture are not aiming to replace GPU-based systems but to target a range of uses in edge computing, where AI is deployed at the point where data is collected: in IoT devices, sensors and autonomous vehicles. “One use case, for example, is in automobile systems that pre-analyse objects captured by cameras” without relaying data to a central processing unit. The new chips will therefore open up opportunities to implement AI in highly miniaturized low-latency systems. “In the future, we will get around to integrating them into larger systems,” points out Thomas Kämpfe."

Hi FJ,

The FeFet is analog:

https://www.nature.com/articles/s41467-023-42110-y

a Structure of the single cell connected to the capacitor. b The voltage across the capacitor (Vcap) against time. As the current for output 9 (inp-3 × stored-3) is turned on first, the voltage across the capacitor at tsampling of 14 ns is highest. Similarly, for output 1 (inp-1 × stored-1), the voltage is lowest. c The sampling voltage across the capacitor (Vsampling) at tsampling vs the output MAC value. It is linear and perfectly aligned for the same output.

 

[IloveLamp]

Well they are aware

Artificial neural networks – Computer vision involving less data needs to be learned – Magazine of the Fraunhofer Institute for Cognitive Systems IKS

Compared to the human brain, artificial neural networks consume enormous amounts of energy, even for simple discrimination tasks. This is where event-based vision comes in.

safe-intelligence.fraunhofer.de

 

[Diogenese]

Yes, indeed! If you look at the guy's laptop he's running bcdemo@bcdemo24

This is a part of the akida evaluation kit

https://brainchip.com/wp-content/uploads/2022/06/Akida-x86_EvalKit_UG_166a.pdf

At 2:29

 

[TheDon]

I really hope take over won't happen. Cause I believe one day will be bigger than Nvidia and I'm not kidding.

My opinion only
DYOR

TheDon

 

[DingoBorat]

BrainChip Proxy Voting with Fidelity and DTC Eligibility

This afternoon, I spent about an hour chatting with a representative from Fidelity to get answers about requesting proxy voting materials and DTC eligibility, which affects the foreign transaction fee they assess.

Fidelity confirmed the information I received from Boardroom Pty Ltd. HSBC Bank Australia Limited is the sub-custodian that holds the shares of BRN. While this is the case for Fidelity, I am unsure if this is true for those trading on other platforms. To request proxy voting materials, contact Fidelity to initiate the process.

Fidelity advises to contact them 5-7 business days before the cutoff date for proxy voting, though adding a few extra days as a buffer is recommended. You can call them, or send a message through their platform, specifying that you hold a foreign security (specify OTCMKTS: BRCHF). Indicate that the proxy materials should be requested through their back office, which will submit a request on your behalf to their sub-custodian, HSBC Bank Australia Limited.

Fidelity informed me that BrainChip Ltd. is not "fully" DTC eligible. While Investor Relations stated that BrainChip is DTC eligible, this is only part of the story. According to Fidelity, the company did not fully register as DTC eligible and still requires a clearing agent for their trades. Because of this clearing agent, Fidelity assesses the $50 fee per trade for this security.

Although I cannot be certain without further inquiry, it seems likely that the BrainChip is probably saving money by doing this. However, I wonder what benefits they are getting by being partially DTC-eligible because there do not seem to be any conveyed to those purchasing the stock.

For those using other trading platforms besides Fidelity, I suggest contacting your representatives to see if you receive similar information and get the steps required to vote by proxy.

Have a great weekend all!

When things were looking like moving more quickly, before the US pushed Putin too far (and also expecting a warmer embrace of AKIDA 1.0) the Company most likely had near term (within a couple of years, from 2021) plans of listing on the NASDAQ.

"If an issuer is not DTC eligible, then its shares cannot be transferred between brokerage accounts electronically, which basically means its shares cannot be traded easily. Major Exchanges such as NYSE and NASDAQ require DTC eligibility. Other Platforms such as the OTC Bulletin Board and the Pink Sheet markets do not"

Since these plans were pushed out, there was no real reason, for them to pursue "full eligibility"..

As things are now looking on the up and up, I think they will now pursue it again (if we land 1 or 2 big IP contract wins).

With the goal of listing on the NASDAQ, within 2 to 3 years.

 

[Bravo]

Yes, indeed! If you look at the guy's laptop he's running bcdemo@bcdemo24

This is a part of the akida evaluation kit

https://brainchip.com/wp-content/uploads/2022/06/Akida-x86_EvalKit_UG_166a.pdf

 

[Berlinforever]

Yeah I noticed this the other day also this really highlights my theory possibly for a merger takeover possibly.

1. It was stated that we will not tape 2.0 so as to not complete with our customer?
2.Antonios comments a customer can buy the whole architecture licence and we would be profitable over night does that involve merger Aquisitions? I have not heard of a 20+ million dollar IP licence.
3. The VVDN edge box was a market test to see the demand for SNN products possibly.
4. The reduction in sales staff why need them if a buyer has his market team.
5. Big increased focus on RnD which is quite significant.
6. Changing of the guard Peter was very focus and driven for Akida yes he retired which many believed he would work to his final days.
7. The original investors have huge holding and I believe they want to see a payout also theyvare not immortal.
8. Meetings with CEO of the largest Semiconductor companies could obviously be more then a few million dollar IP deal that generates another 10 to 15 million in royalty. A CEO of Google and Intel and Samsung deal with billion dollar deals.

All that said our representative did get what looks to me a promotional role in sales so it could just be a move up. Nice guy to chat with but he was very quite on the social front.

So I could be wrong about A TO but it would not surprise me if it did happen. With the shift and focus on Neuromorphic chips I would geuss that this could happen sooner then we all think. Could Sean and Antonio been sent to clean up and make things look commercial for the new buyer? It's really a very hard yes or no but the buyer would IMO stroke a check for what I imagine some billions 2 to 3 dollars a share and it would pass. Maybe it be more if the top 10 felt it unfair. Yeah they could see 30 bucks a share with growth over the next 5 years or take the 2 to 5 today. All in my opinion.

I didn’t pick up the statement that BrainChip will not tape out Akida 2.0 … it was just something on my mind, as this would come with a 5 million price tag (give or take a few millions). Tape out gives confidence to perspective customers - that's why we have done it for the earlier version of Akida. Not planning it now, can be interpreted in many ways. I prefer that they hold out to 30$/share rather than selling at 2$/share. In fact, I would be ok to lose all my investment to be given the opportunity to lead the next Neuromorphic generation.