smoothsailing18
Regular
Bravo...your not going the way of the old Uliux investor are you ?.
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
Fullmoonfever
Top 20
THOR was discovered on a vid earlier this year by @Pom down under with a couple of responses from posters who watched it as below.
thestockexchange.com.au
thestockexchange.com.au
thestockexchange.com.au
Appears moving ahead pretty quickly with website up and running etc as at November.
Akida & MetaTF has been included with a number of other neuromorphic players HW / SW like Loihi, Spinnaker, Brainscales, Dynap etc.
Not a bad thing imo, having major exposure to the academic groups and new breed of engineers and developers etc that will be part of the driving force behind further neuromorphic uptake.
What is THOR (as opposed to who is THOR
):
www.neuromorphiccommons.com
Building
We envision a future where interdisciplinary collaboration on biological intelligence is seamless. Through close partnerships with industry, THOR will empower researchers to request, co-develop, deploy, and evaluate neuromorphic experiments on heterogeneous computing hardware systems. This platform will enable a richer understanding of computational models, algorithms, neuromorphic hardware, and real-world applications that benefit from bio-inspired processing.
Deployed at the University of Texas at San Antonio, THOR's infrastructure is hosted and maintained on-site. This provides a stable and reliable resource, ensuring community researchers have the ability to innovate and push the boundaries of what's possible in neuromorphic computing.
Neuromorphic hardware systems and chips are a groundbreaking class of computer processors engineered to mimic the efficiency and structure of the human brain. Unlike conventional computers, which separate processing and memory (the von Neumann bottleneck), neuromorphic chips integrate these functions by using networks of artificial neurons and synapses, eliminating the energy-intensive transfer of data. These chips rely on Spiking Neural Networks (SNNs), where processing is event-driven—meaning the artificial neurons only consume power when an information "spike" is received—leading to drastically lower energy consumption and latency. This brain-inspired architecture, demonstrated in chips like Intel's Loihi and IBM's TrueNorth, makes them exceptionally well-suited for demanding, real-time AI tasks requiring on-chip learning and adaptation, particularly in resource-constrained environments such as autonomous vehicles, robotics, and edge computing devices.
Neuromorphic software frameworks are the essential programming bridge that allows developers to design and deploy efficient, brain-inspired algorithms—namely Spiking Neural Networks (SNNs)—onto specialized neuromorphic hardware. Unlike traditional software that uses continuous data and sequential instructions, these frameworks provide tools and APIs to work with the event-driven, asynchronous communication characteristic of spiking neurons and to leverage synaptic plasticity for on-chip learning. Key examples include Intel's Lava (an open-source framework designed to be hardware-agnostic), PyNN (a simulator-independent language for SNN model specification), and deep learning extensions like snnTorch (which integrates SNNs with the PyTorch ecosystem), all of which are crucial for overcoming the complexities of programming massively parallel, bio-inspired architectures to fulfill the promise of ultra-low-power AI.
BRN Discussion Ongoing
I share very similar concerns. I simply don't trust Sean Hehir and I reckon Tony Dawe is sincere but probably in the dark as much as we shareholders. I've been waiting too long for my investment to bear fruit (originally bought about 2019 at 6 cents, and now average 65 cents) its making me very...
thestockexchange.com.au
BRN Discussion Ongoing
I share very similar concerns. I simply don't trust Sean Hehir and I reckon Tony Dawe is sincere but probably in the dark as much as we shareholders. I've been waiting too long for my investment to bear fruit (originally bought about 2019 at 6 cents, and now average 65 cents) its making me very...
thestockexchange.com.au
BRN Discussion Ongoing
ok watching it now and already at the 2.33min the presenter announces out loud brainchip! So now got 28mins to go but its a great start to the video thanks Pom. Ok watched it all, basically talk was about progressing neuromorphic awareness and Edge AI Foundation building THOR which will bring...
thestockexchange.com.au
Appears moving ahead pretty quickly with website up and running etc as at November.
Akida & MetaTF has been included with a number of other neuromorphic players HW / SW like Loihi, Spinnaker, Brainscales, Dynap etc.
Not a bad thing imo, having major exposure to the academic groups and new breed of engineers and developers etc that will be part of the driving force behind further neuromorphic uptake.
What is THOR (as opposed to who is THOR
):THOR Ecosystem
www.neuromorphiccommons.com
The Neuromorphic Commons
THOR is the US hub for open-access large-scale neuromorphic research.Building
Biological Intelligence
at Scale
We envision a future where interdisciplinary collaboration on biological intelligence is seamless. Through close partnerships with industry, THOR will empower researchers to request, co-develop, deploy, and evaluate neuromorphic experiments on heterogeneous computing hardware systems. This platform will enable a richer understanding of computational models, algorithms, neuromorphic hardware, and real-world applications that benefit from bio-inspired processing.Deployed at the University of Texas at San Antonio, THOR's infrastructure is hosted and maintained on-site. This provides a stable and reliable resource, ensuring community researchers have the ability to innovate and push the boundaries of what's possible in neuromorphic computing.
Neuromorphic Hardware
Explore a diverse range of cutting-edge neuromorphic hardware platforms.Neuromorphic hardware systems and chips are a groundbreaking class of computer processors engineered to mimic the efficiency and structure of the human brain. Unlike conventional computers, which separate processing and memory (the von Neumann bottleneck), neuromorphic chips integrate these functions by using networks of artificial neurons and synapses, eliminating the energy-intensive transfer of data. These chips rely on Spiking Neural Networks (SNNs), where processing is event-driven—meaning the artificial neurons only consume power when an information "spike" is received—leading to drastically lower energy consumption and latency. This brain-inspired architecture, demonstrated in chips like Intel's Loihi and IBM's TrueNorth, makes them exceptionally well-suited for demanding, real-time AI tasks requiring on-chip learning and adaptation, particularly in resource-constrained environments such as autonomous vehicles, robotics, and edge computing devices.
Neuromorphic Software
Explore a diverse range of cutting-edge neuromorphic software platforms.Neuromorphic software frameworks are the essential programming bridge that allows developers to design and deploy efficient, brain-inspired algorithms—namely Spiking Neural Networks (SNNs)—onto specialized neuromorphic hardware. Unlike traditional software that uses continuous data and sequential instructions, these frameworks provide tools and APIs to work with the event-driven, asynchronous communication characteristic of spiking neurons and to leverage synaptic plasticity for on-chip learning. Key examples include Intel's Lava (an open-source framework designed to be hardware-agnostic), PyNN (a simulator-independent language for SNN model specification), and deep learning extensions like snnTorch (which integrates SNNs with the PyTorch ecosystem), all of which are crucial for overcoming the complexities of programming massively parallel, bio-inspired architectures to fulfill the promise of ultra-low-power AI.
Bravo
If ARM was an arm, BRN would be its biceps💪!
Bravo
If ARM was an arm, BRN would be its biceps💪!
Simplified fmfGPT1
Contracts & Revenue.
BRN becomes a proper investment worthy growth company not a spec stock.
Couple near term catalysts that would be real handy this upcoming year. BOD need get them over the line.
Onsor trial goes boom. CE Mark and FDA Device approvals. Volume contract & royalties signed. Product goes parabolic.
Frontgrade generates more contract wins to go with their first one. GR801 becomes a standard for sat / space. Royalties ramp up.
Raytheon / Parsons come through and huge defence contracts awarded with long term BRN volume & royalties contract signed.
Arquimea locks in major volume drone / UAV agreements. Signs contract / royalties with BRN.
"Tell him he's dreaming" jumps out at me
Hi FMF,
Hopefully Quantum Ventura's demo at CES 2026 of their Neuro RT cybersecurity model with Akida will be a resounding success.
If it is a success, early commercial sales might start late 2026 and then ramp up to broader revenue growth in 2027 once potential partnerships with resellers, MSPs, or OEMs expand.
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smoothsailing18
Regular
Went from avid fan to Turn coat over night.
Bravo
If ARM was an arm, BRN would be its biceps💪!
From my perspective I don't think being realistic makes someone a turncoat.
What I find a bit frustrating is that the moment anything less than blind optimism is posted, the labels start to come out and I don't think that's very helpful for anyone.
I’ve been heavily invested in BrainChip for many years and am carrying a considerable paper loss. Staying optimistic has taken real effort n my behalf, and I’ve remained optimistic that for a very, very, very long time and it's getting exhausting. But I'm not prepared to lie to myself or cherry-pick only the positives while ignoring the negatives. That's called being in denial and I don't mean the River Nile.
I didn’t invent ChatGPT’s valuation. In today’s context it’s admittedly totally miserable and completely pathetic but that’s not my fault. I didn't write it. I was shocked by how low it was too but upon further consideration I thought it was a pretty accurate reflection of where the company actually is right now - hardly any licences and no material revenue. Added to that, it's ChatGPT’s valuation, so it may not even be worth the paper it's written on.
Don't get me wrong, I’d love nothing more than to see BrainChip acquired for $20 billion. Heck I reckon everyone would be over the moon! But that simply isn’t achievable unless we start signing licences and generating real revenue. Valuations don’t improve through hope alone, they improve through sales.
You even said yourself that BrainChip is "one of the most painful investments experiences you have had to date" and I didn’t accuse you of being a turn-coat, because I completely empathise with your frustration, as I'm sure many of us here on this forum do.
The reality is that neuromorphic computing has taken far longer to gain traction than most of us expected, and the company has made some missteps along the way. I don’t believe calling out the failings alongside the successes is disloyalty, just as I don’t believe honesty is an act of betrayal.
One final observation talking about valuation-related stuff, because it reminded me of a comment Antonio made at the AGM before last, when he said something along the lines of, “Do you know how much revenue we’d need for the share price to be at one or two dollars?” At the time, I was really annoyed that he said that. But with the benefit of hindsight, I’m starting to see it for what it was - a reality check.
That wasn’t ChatGPT talking. That wasn’t me talking. It was our own Chairman of the Board.
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Hi Bravo,Seriously hoping Chatty’s hallucination engine has completely underestimated this one.
It says " today, the market-clearing outcome is most likely" $550-600 million dollars or 24 - 26 cents per share.
It also gave a "high-conviction" acquisition price range at $780 million – $1 billion dollars which translates to 35 - 44 cents per share, but this is based on the assumption of something material landing that shifts it from “interesting tech” to “must-own IP”.
Best case valuation it gave was 1.18 billion or 53 cents a share.
Looks like I might have to downsize my yacht order from this...
View attachment 93920
to this...
View attachment 93919
ChatGPT 5
You said:
What do you believe would be a plausible acquisition price range currently for BrainChip for a strategic buyer such as Qualcomm, for example.
ChatGPT said:
A plausible acquisition price range for BrainChip (BRN) by a strategic buyer like Qualcomm is best thought of as:
(today’s market cap) × (a takeover premium)
Because BrainChip’s current revenue is tiny relative to its valuation, any real bid would be strategic/IP-driven (team + patents + neuromorphic know-how + “option value”), not conventional EBIT/revenue multiple.
Anchor: BrainChip’s current market value
Recent quotes put BRN around ~A$380m market cap (e.g., ~A$0.17/share). Listcorp
(That number moves daily, so treat it as an anchor, not a constant.)
Typical takeover premium
For Australian public M&A, control premiums commonly land around ~30–50% (often more in hotter/contested deals). Norton Rose Fulbright+2Corrs Chambers Westgarth+2
What that implies in dollars (using ~A$380m as the base)
Base-case strategic takeout (most common): 1.3× to 1.8× market cap
High strategic value / urgency / competing bidders: 2.0× to 2.5×
- ~A$500m to ~A$700m
Blue-sky / “we must own this” / defensively blocking a rival: 3.0×+
- ~A$760m to ~A$950m
- ~A$1.1b+
This can happen, but usually needs a clear trigger (major design win, credible pipeline converting, or a buyer believing the tech meaningfully shifts a big roadmap).Why Qualcomm (or similar) might pay toward the higher end
- They’ve shown willingness to buy strategic silicon/IP capability (e.g., NUVIA was US$1.4B). Qualcomm
- They’re actively expanding into AI compute + data-center adjacent IP (e.g., Alphawave Semi deal reported around US$2.4B). Investopedia+2Yahoo Finance+2
Those aren’t direct comps to BrainChip, but they confirm Qualcomm will pay real money for “missing pieces” in a platform strategy.The big reality check
BrainChip’s cash position and burn matter because a buyer can always “wait them out” if there’s no near-term catalyst (cash balance figures are disclosed in quarterly/4C reporting). Intelligent Investor+1
That dynamic tends to cap premiums unless BrainChip has unmistakable momentum.
My best “plausible” range (today)
If you forced me to give a single practical band that wouldn’t sound ridiculous to either side:
~A$550m to ~A$950m (roughly 1.4× to 2.5× the ~A$380m anchor). Listcorp+2Norton Rose Fulbright+2
If you tell me BRN’s current share price/market cap today (or your own anchor), I’ll re-run the same logic and give you a tighter band in both AUD and USD.
You said:
Market cap is 394 million and share price is .175 cents
ChatGPT said:
Perfect — let’s lock it down with your numbers.
Inputs (confirmed):
Below is a clean, realistic acquisition framework assuming a strategic buyer like Qualcomm (i.e. IP + talent + long-term option value, not current revenue multiples).
- Market cap: A$394m
- Share price: A$0.175
30–50% control premium is very typical for Australian listed tech when there’s no bidding war.
Standard strategic takeover range (most plausible)
Premium Equity Value Implied Share Price +30% A$512m ~A$0.228 +40% A$552m ~A$0.245 +50% A$591m ~A$0.263
Verdict
A$510m – A$590m
This is the most likely range today if Qualcomm (or similar) decided “we want the IP, the team, and to remove uncertainty”.
This assumes something material has landed, e.g.:
High-conviction / urgency scenario (credible catalyst present)
~2.0× – 2.5× market cap
- meaningful design win,
- visible licence revenue inflection,
- strategic defence / automotive validation,
- or Qualcomm sees neuromorphic as defensive IP they don’t want rivals owning.
Multiple Equity Value Implied Share Price 2.0× A$788m ~A$0.35 2.5× A$985m ~A$0.44
This is not fantasy, but it requires a clear strategic trigger.
This is the “we cannot let Nvidia / Intel / Apple / defence primes get this” scenario.
Blue-sky / defensive block (rare but real)
~3× market cap
This only happens if:
Metric Value Equity value ~A$1.18b Share price ~A$0.53
- neuromorphic becomes obviously inevitable in edge/defence, and
- BrainChip is clearly the commercial leader, not just a research play.
Without a near-term catalyst, buyers know BrainChip’s cash runway and can afford to wait — which caps the premium.
The uncomfortable truth (but important)
That’s why, today, the market-clearing outcome is most likely:
Anything materially above that requires momentum, not hope.
Have a look to see if Chatty is a shorter ... (or a WANCA).
A quick look at Alphaware's offering reveals fairly mundane (ie, bog standard) tech:
https://awavesemi.com/silicon-ip/
US$2.4B ~ AU$4B
I'd question chatty's due diligence in the AI field.
Clearly BRN must be evaluated on its potential.
How does it value the future Edge AI cybersecurity market, and how does it rank the players in this field?
How does it value the micro-Doppler see-in-the dark (ie, where cameras don't work) radar market, ... rank the players?
Does it know how effective TENNs is in SLLM applications?
etc...
PS: It's funny that chatty has lost sight of its own heritage.
By the way, how much profit did OpenAI make last year? What is its PE ratio?
People who live in glass (silicon) computers shouldn't throw spikes ...
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Depends on how the question is framed and the information provided - for future year valuations. Given the high level of insider holdings a bid around those values would have no chance of getting through.Seriously hoping Chatty’s hallucination engine has completely underestimated this one.
It says " today, the market-clearing outcome is most likely" $550-600 million dollars or 24 - 26 cents per share.
It also gave a "high-conviction" acquisition price range at $780 million – $1 billion dollars which translates to 35 - 44 cents per share, but this is based on the assumption of something material landing that shifts it from “interesting tech” to “must-own IP”.
Best case valuation it gave was 1.18 billion or 53 cents a share.
Looks like I might have to downsize my yacht order from this...
View attachment 93920
to this...
View attachment 93919
ChatGPT 5
You said:
What do you believe would be a plausible acquisition price range currently for BrainChip for a strategic buyer such as Qualcomm, for example.
ChatGPT said:
A plausible acquisition price range for BrainChip (BRN) by a strategic buyer like Qualcomm is best thought of as:
(today’s market cap) × (a takeover premium)
Because BrainChip’s current revenue is tiny relative to its valuation, any real bid would be strategic/IP-driven (team + patents + neuromorphic know-how + “option value”), not conventional EBIT/revenue multiple.
Anchor: BrainChip’s current market value
Recent quotes put BRN around ~A$380m market cap (e.g., ~A$0.17/share). Listcorp
(That number moves daily, so treat it as an anchor, not a constant.)
Typical takeover premium
For Australian public M&A, control premiums commonly land around ~30–50% (often more in hotter/contested deals). Norton Rose Fulbright+2Corrs Chambers Westgarth+2
What that implies in dollars (using ~A$380m as the base)
Base-case strategic takeout (most common): 1.3× to 1.8× market cap
High strategic value / urgency / competing bidders: 2.0× to 2.5×
- ~A$500m to ~A$700m
Blue-sky / “we must own this” / defensively blocking a rival: 3.0×+
- ~A$760m to ~A$950m
- ~A$1.1b+
This can happen, but usually needs a clear trigger (major design win, credible pipeline converting, or a buyer believing the tech meaningfully shifts a big roadmap).Why Qualcomm (or similar) might pay toward the higher end
- They’ve shown willingness to buy strategic silicon/IP capability (e.g., NUVIA was US$1.4B). Qualcomm
- They’re actively expanding into AI compute + data-center adjacent IP (e.g., Alphawave Semi deal reported around US$2.4B). Investopedia+2Yahoo Finance+2
Those aren’t direct comps to BrainChip, but they confirm Qualcomm will pay real money for “missing pieces” in a platform strategy.The big reality check
BrainChip’s cash position and burn matter because a buyer can always “wait them out” if there’s no near-term catalyst (cash balance figures are disclosed in quarterly/4C reporting). Intelligent Investor+1
That dynamic tends to cap premiums unless BrainChip has unmistakable momentum.
My best “plausible” range (today)
If you forced me to give a single practical band that wouldn’t sound ridiculous to either side:
~A$550m to ~A$950m (roughly 1.4× to 2.5× the ~A$380m anchor). Listcorp+2Norton Rose Fulbright+2
If you tell me BRN’s current share price/market cap today (or your own anchor), I’ll re-run the same logic and give you a tighter band in both AUD and USD.
You said:
Market cap is 394 million and share price is .175 cents
ChatGPT said:
Perfect — let’s lock it down with your numbers.
Inputs (confirmed):
Below is a clean, realistic acquisition framework assuming a strategic buyer like Qualcomm (i.e. IP + talent + long-term option value, not current revenue multiples).
- Market cap: A$394m
- Share price: A$0.175
30–50% control premium is very typical for Australian listed tech when there’s no bidding war.
Premium Equity Value Implied Share Price +30% A$512m ~A$0.228 +40% A$552m ~A$0.245 +50% A$591m ~A$0.263
This is the most likely range today if Qualcomm (or similar) decided “we want the IP, the team, and to remove uncertainty”.
This assumes something material has landed, e.g.:
~2.0× – 2.5× market cap
- meaningful design win,
- visible licence revenue inflection,
- strategic defence / automotive validation,
- or Qualcomm sees neuromorphic as defensive IP they don’t want rivals owning.
Multiple Equity Value Implied Share Price 2.0× A$788m ~A$0.35 2.5× A$985m ~A$0.44
This is not fantasy, but it requires a clear strategic trigger.
This is the “we cannot let Nvidia / Intel / Apple / defence primes get this” scenario.
~3× market cap
This only happens if:
Metric Value Equity value ~A$1.18b Share price ~A$0.53
- neuromorphic becomes obviously inevitable in edge/defence, and
- BrainChip is clearly the commercial leader, not just a research play.
Without a near-term catalyst, buyers know BrainChip’s cash runway and can afford to wait — which caps the premium.
That’s why, today, the market-clearing outcome is most likely:
Anything materially above that requires momentum, not hope.
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Like Ahab, I'm going down with the ship:From my perspective I don't think being realistic makes someone a turncoat.
What I find a bit frustrating is that the moment anything less than blind optimism is posted, the labels start to come out and I don't think that's very helpful for anyone.
I’ve been heavily invested in BrainChip for many years and am carrying a considerable paper loss. Staying optimistic has taken real effort n my behalf, and I’ve remained optimistic that for a very, very, very long time and it's getting exhausting. But I'm not prepared to lie to myself or cherry-pick only the positives while ignoring the negatives. That's called being in denial and I don't mean the River Nile.
I didn’t invent ChatGPT’s valuation. In today’s context it’s admittedly totally miserable and completely pathetic but that’s not my fault. I didn't write it. I was shocked by how low it was too but upon further consideration I thought it was a pretty accurate reflection of where the company actually is right now - hardly any licences and no material revenue. Added to that, it's ChatGPT’s valuation, so it may not even be worth the paper it's written on.
Don't get me wrong, I’d love nothing more than to see BrainChip acquired for $20 billion. Heck I reckon everyone would be over the moon! But that simply isn’t achievable unless we start signing licences and generating real revenue. Valuations don’t improve through hope alone, they improve through sales.
You even said yourself that BrainChip is "one of the most painful investments experiences you have had to date" and I didn’t accuse you of being a turn-coat, because I completely empathise with your frustration, as I'm sure many of us here on this forum do.
The reality is that neuromorphic computing has taken far longer to gain traction than most of us expected, and the company has made some missteps along the way. I don’t believe calling out the failings alongside the successes is disloyalty, just as I don’t believe honesty is an act of betrayal.
One final observation talking about valuation-related stuff, because it reminded me of a comment Antonio made at the AGM before last, when he said something along the lines of, “Do you know how much revenue we’d need for the share price to be at one or two dollars?” At the time, I was really annoyed that he said that. But with the benefit of hindsight, I’m starting to see it for what it was - a reality check.
That wasn’t ChatGPT talking. That wasn’t me talking. It was our own Chairman of the Board.
Actual Arqima drone photo of Pequod from 1843:
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We're all exhausted by the wait. Getting to market is like Achilles and the tortoise, we halve the distance every year, ...From my perspective I don't think being realistic makes someone a turncoat.
What I find a bit frustrating is that the moment anything less than blind optimism is posted, the labels start to come out and I don't think that's very helpful for anyone.
I’ve been heavily invested in BrainChip for many years and am carrying a considerable paper loss. Staying optimistic has taken real effort n my behalf, and I’ve remained optimistic that for a very, very, very long time and it's getting exhausting. But I'm not prepared to lie to myself or cherry-pick only the positives while ignoring the negatives. That's called being in denial and I don't mean the River Nile.
I didn’t invent ChatGPT’s valuation. In today’s context it’s admittedly totally miserable and completely pathetic but that’s not my fault. I didn't write it. I was shocked by how low it was too but upon further consideration I thought it was a pretty accurate reflection of where the company actually is right now - hardly any licences and no material revenue. Added to that, it's ChatGPT’s valuation, so it may not even be worth the paper it's written on.
Don't get me wrong, I’d love nothing more than to see BrainChip acquired for $20 billion. Heck I reckon everyone would be over the moon! But that simply isn’t achievable unless we start signing licences and generating real revenue. Valuations don’t improve through hope alone, they improve through sales.
You even said yourself that BrainChip is "one of the most painful investments experiences you have had to date" and I didn’t accuse you of being a turn-coat, because I completely empathise with your frustration, as I'm sure many of us here on this forum do.
The reality is that neuromorphic computing has taken far longer to gain traction than most of us expected, and the company has made some missteps along the way. I don’t believe calling out the failings alongside the successes is disloyalty, just as I don’t believe honesty is an act of betrayal.
One final observation talking about valuation-related stuff, because it reminded me of a comment Antonio made at the AGM before last, when he said something along the lines of, “Do you know how much revenue we’d need for the share price to be at one or two dollars?” At the time, I was really annoyed that he said that. But with the benefit of hindsight, I’m starting to see it for what it was - a reality check.
That wasn’t ChatGPT talking. That wasn’t me talking. It was our own Chairman of the Board.
From my perspective I don't think being realistic makes someone a turncoat.
What I find a bit frustrating is that the moment anything less than blind optimism is posted, the labels start to come out and I don't think that's very helpful for anyone.
I’ve been heavily invested in BrainChip for many years and am carrying a considerable paper loss. Staying optimistic has taken real effort n my behalf, and I’ve remained optimistic that for a very, very, very long time and it's getting exhausting. But I'm not prepared to lie to myself or cherry-pick only the positives while ignoring the negatives. That's called being in denial and I don't mean the River Nile.
I didn’t invent ChatGPT’s valuation. In today’s context it’s admittedly totally miserable and completely pathetic but that’s not my fault. I didn't write it. I was shocked by how low it was too but upon further consideration I thought it was a pretty accurate reflection of where the company actually is right now - hardly any licences and no material revenue. Added to that, it's ChatGPT’s valuation, so it may not even be worth the paper it's written on.
Don't get me wrong, I’d love nothing more than to see BrainChip acquired for $20 billion. Heck I reckon everyone would be over the moon! But that simply isn’t achievable unless we start signing licences and generating real revenue. Valuations don’t improve through hope alone, they improve through sales.
You even said yourself that BrainChip is "one of the most painful investments experiences you have had to date" and I didn’t accuse you of being a turn-coat, because I completely empathise with your frustration, as I'm sure many of us here on this forum do.
The reality is that neuromorphic computing has taken far longer to gain traction than most of us expected, and the company has made some missteps along the way. I don’t believe calling out the failings alongside the successes is disloyalty, just as I don’t believe honesty is an act of betrayal.
One final observation talking about valuation-related stuff, because it reminded me of a comment Antonio made at the AGM before last, when he said something along the lines of, “Do you know how much revenue we’d need for the share price to be at one or two dollars?” At the time, I was really annoyed that he said that. But with the benefit of hindsight, I’m starting to see it for what it was - a reality check.
That wasn’t ChatGPT talking. That wasn’t me talking. It was our own Chairman of the Board.
Season's Greetings Bravo
Nicely worded, I agree with your sentiment.
I believe that the company has a lot of work to do in 2026, as in plenty of work.... midway through 2026 I believe we will finally
start to see some engagements bear some fruit, with the period July 2026 through July 2027 as a very nice period for us.
In a recent conversation, it was pointed out to me that Nvidia was around the 0.038c mark from 1999 to 2016 before moving up to
the $1 US mark to now just shy of $200 US a share......it seems to really paint a picture by the well-known artist, Mr. Reality Check
My personal belief in the Akida technology has only gotten stronger over the journey, it continues to evolve, to be fine-tuned to met
specific tasks and individual company's roadmaps, neuromorphic technology is advancing very nicely, and adoption is moving closer to
the other side of that Chasm.......and yes, I feel the frustration of all as well but just trying to remain patient.
No Regerts......Tech
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Unconventional Ai , valuation $4.5B USD , equivalent of ASXBRN $3.00 AUD per share .
2 months old . Have several ideas about how to build a neuromorphic chip , will decide which is best after further research .
Several years required to commercialisation .
This is my new minimum and I have Intel as front runner for any takeover offer on BRN .
2 months old . Have several ideas about how to build a neuromorphic chip , will decide which is best after further research .
Several years required to commercialisation .
This is my new minimum and I have Intel as front runner for any takeover offer on BRN .
But how many splits did NVIDIA have to reach this share price?Season's Greetings Bravo
Nicely worded, I agree with your sentiment.
I believe that the company has a lot of work to do in 2026, as in plenty of work.... midway through 2026 I believe we will finally
start to see some engagements bear some fruit, with the period July 2026 through July 2027 as a very nice period for us.
In a recent conversation, it was pointed out to me that Nvidia was around the 0.038c mark from 1999 to 2016 before moving up to
the $1 US mark to now just shy of $200 US a share......it seems to really paint a picture by the well-known artist, Mr. Reality Check
My personal belief in the Akida technology has only gotten stronger over the journey, it continues to evolve, to be fine-tuned to met
specific tasks and individual company's roadmaps, neuromorphic technology is advancing very nicely, and adoption is moving closer to
the other side of that Chasm.......and yes, I feel the frustration of all as well but just trying to remain patient.
No Regerts......Tech
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