BRAINCHIP HOLDINGS - CLASSIC SETBACK OFFERS OPPORTUNITY
Unlike Netflix, Zoom or other tech industry giants, the developer of the Akida chip, Australia's BrainChip Holdings, is showing resilience. The share price performance of the emerging IP company, which is the world's first commercial manufacturer of neuromorphic AI chips, has been in the green since the beginning of the year. After starting the year at EUR 0.45, it went up to EUR 1.66 on the back of news related to a cooperation with car giant Mercedes. It was announced that Akida technology would make the "Hey, Mercedes" voice control in the EQXX five to ten times more efficient than conventional voice control. Since then, however, the share has corrected by almost 70% due to the weak market environment. However, a bottom is currently being formed in the EUR 0.60 area. In addition, MACD and RSI are close to a buy signal.
In the long term, BrainChip's novel AI chip could become the new standard in the semiconductor market. The advantages are that Akida is extremely low-power, high-performance, and promotes the growth of edge AI technology by using neuromorphic architecture, a type of artificial intelligence inspired by the biology of the human brain. BrainChip enables the universal use of efficient edge computing in real-world applications such as connected cars, consumer electronics and the Internet of Things. It is no coincidence that BrainChip has been accepted into chip giant ARM's partner program, enabling research into the next generation of AI solutions.
Another new partnership is with the inventor of the world's most advanced neuromorphic vision systems, Prophesee. Prophesee's technology is inspired by human vision. It uses a patented sensor design and AI algorithms that mimic the eye and brain to detect what was previously invisible with standard image-based technology. Prophesee's computer vision systems, like Akida, target segments such as autonomous vehicles, industrial automation, IoT, security and surveillance, augmented reality, and virtual reality.
"We have successfully ported Prophesee's neuromorphic-based camera sensor data to process inferences on Akida with impressive performance," said Anil Mankar, Co-Founder and CDO of BrainChip. "This combination of intelligent vision sensors with Akida's ability to process data with unprecedented efficiency, precision and power savings at the point of capture is a true advancement in AI and provides manufacturers with an immediately actionable solution."
