Is this a case of maybe a " Leaky Ship " or just a genuine mistake.Wow. It doesn’t look like that is meant to be made public yet
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
FJ-215
Regular
Proga
Regular
With the conversation in the IT space now well and truly focussing on AI, the BRN SP really needs a commercial application to hit the market sooner rather than later to take advantage. There is still too many doubters thinking it is space fiction. If BRN does get caught up in the euphoria, expect a lot of volatility until a commercial application does hit the market. The below was in Bloomberg today (BRN not mentioned just some of the Tier 1's)
Photographer: SeongJoon Cho/Bloomberg
By
Bailey Lipschultz
5 February 2023 at 00:00 GMT+10
https://www.bloomberg.com/quote/MSFT:US
Stock rallies tied to the latest market craze may be a good investment or fears of missing out.
That debate, which hits on the theme of several boom-to-bust cycles in some corners of the market, has been reignited after artificial intelligence-linked companies saw their shares pop as tech giants like Microsoft Corp. announced big investments in the industry.
The frenzy conjures memories of the crypto and cannabis crazes and even the dot-com bubble in the late 1990s, where investors piled into stocks and asked questions later. After Friday’s close, a handful of firms added some $5.2 billion in market value despite announcements that look more like half-baked plans.
“It is total buyer-beware unless you know what you’re doing and have proper risk management,” said Matthew Tuttle, CEO of Tuttle Capital Management. “You can’t just go in and buy any company that says they’re in AI.”
Generative AI, a label used to describe artificial intelligence technology that can create things like art or text, and ChatGPT — the popular tool owned by OpenAI which Microsoft just invested $10 billion in — have been mentioned in more than 165 earnings calls and press releases this year so far, more than the number of mentions in all of 2022.
The citations come with good reason. The market for generative AI could be “exceedingly large,” easily “in excess of a trillion dollars,” according to UBS analysts led by Lloyd Walmsley. The potential windfall is enticing investors and underscores the fine line between trend-chasing companies hoping to make a quick return and those with goals to utilize a technological advancement to drive growth and make billions.
BuzzFeed Inc., a struggling media company, soared 307% in a two-day frenzy in January on veiled plans to utilize AI. Similarly, after touting its AI plans in a statement software company C3.ai Inc. shares more than doubled this year with $48 million in buying from retail traders, according to data from Vanda Research. Meanwhile, semiconductor maker Nvidia Corp., which has been touted by Wall Street analysts as a beneficiary of greater investment in AI, posted its best month in almost six years, its shares rallied 34% in January.
But investors should proceed with caution as some companies are already starting to falter. BuzzFeed shares have wiped out more than 40% of their value from an intraday high for the year last week and video game software maker Versus Systems Inc. is trading back under $1 a share after selling 2.5 million shares to capitalize on its rally.
For now, despite signs of speculative froth, AI has yet to reach the heights of the blockchain madness when companies like Long Island Iced Tea Corp. rebranded itself Long Blockchain Corp. to avoid delisting.
Tech heavyweights looking to use AI to grow revenue are likely the best places for investors to park their cash, according to Tuttle.
There’s certainly lots of opportunities out there. Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg, for example, recently said one of his main goals is to be a leader in generative AI. Alphabet CEO Sundar Pichai already sees Google as a leader in developing AI, noting during the company’s earnings call this week that he spoke about Google being an AI-first company more than six years ago. While Snap Inc. CEO Evan Spiegel sees generative AI as a “huge opportunity that they’re “already investing a ton” in.
Read more: Microsoft, Meta Among Tech Giants Talking AI on Earnings Calls
The return of market liquidity as speculative corners of the investing world soar are another signal that investors should exercise caution, Tuttle says. Many of the riskiest corners of the stock market have rallied to start the year. Cathie Wood’s ARK Innovation ETF is up 37% and a basket of so-called meme stocks — a group completely detached from fundamentals — is 22% higher, while the world’s largest cryptocurrency based on market value Bitcoin is up roughly 40%.
“Financial conditions are loose and it’s the perfect environment for anything new and AI is the new kid on the block right now,” he said. “If you know what you’re doing, great, have at it. If you’re a FOMO person, stay away until this gets a little more settled.”
AI-Fueled Stock Rally Ignites Debate on Who’s Winning and Losing
- UBS says industry could be worth more than a trillion dollars
- Microsoft, Alphabet, other tech giants compete to be leaders
Photographer: SeongJoon Cho/Bloomberg
By
Bailey Lipschultz
5 February 2023 at 00:00 GMT+10
https://www.bloomberg.com/quote/MSFT:US
Stock rallies tied to the latest market craze may be a good investment or fears of missing out.
That debate, which hits on the theme of several boom-to-bust cycles in some corners of the market, has been reignited after artificial intelligence-linked companies saw their shares pop as tech giants like Microsoft Corp. announced big investments in the industry.
The frenzy conjures memories of the crypto and cannabis crazes and even the dot-com bubble in the late 1990s, where investors piled into stocks and asked questions later. After Friday’s close, a handful of firms added some $5.2 billion in market value despite announcements that look more like half-baked plans.
“It is total buyer-beware unless you know what you’re doing and have proper risk management,” said Matthew Tuttle, CEO of Tuttle Capital Management. “You can’t just go in and buy any company that says they’re in AI.”
Generative AI, a label used to describe artificial intelligence technology that can create things like art or text, and ChatGPT — the popular tool owned by OpenAI which Microsoft just invested $10 billion in — have been mentioned in more than 165 earnings calls and press releases this year so far, more than the number of mentions in all of 2022.
The citations come with good reason. The market for generative AI could be “exceedingly large,” easily “in excess of a trillion dollars,” according to UBS analysts led by Lloyd Walmsley. The potential windfall is enticing investors and underscores the fine line between trend-chasing companies hoping to make a quick return and those with goals to utilize a technological advancement to drive growth and make billions.
BuzzFeed Inc., a struggling media company, soared 307% in a two-day frenzy in January on veiled plans to utilize AI. Similarly, after touting its AI plans in a statement software company C3.ai Inc. shares more than doubled this year with $48 million in buying from retail traders, according to data from Vanda Research. Meanwhile, semiconductor maker Nvidia Corp., which has been touted by Wall Street analysts as a beneficiary of greater investment in AI, posted its best month in almost six years, its shares rallied 34% in January.
But investors should proceed with caution as some companies are already starting to falter. BuzzFeed shares have wiped out more than 40% of their value from an intraday high for the year last week and video game software maker Versus Systems Inc. is trading back under $1 a share after selling 2.5 million shares to capitalize on its rally.
For now, despite signs of speculative froth, AI has yet to reach the heights of the blockchain madness when companies like Long Island Iced Tea Corp. rebranded itself Long Blockchain Corp. to avoid delisting.
Tech heavyweights looking to use AI to grow revenue are likely the best places for investors to park their cash, according to Tuttle.
There’s certainly lots of opportunities out there. Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg, for example, recently said one of his main goals is to be a leader in generative AI. Alphabet CEO Sundar Pichai already sees Google as a leader in developing AI, noting during the company’s earnings call this week that he spoke about Google being an AI-first company more than six years ago. While Snap Inc. CEO Evan Spiegel sees generative AI as a “huge opportunity that they’re “already investing a ton” in.
Read more: Microsoft, Meta Among Tech Giants Talking AI on Earnings Calls
The return of market liquidity as speculative corners of the investing world soar are another signal that investors should exercise caution, Tuttle says. Many of the riskiest corners of the stock market have rallied to start the year. Cathie Wood’s ARK Innovation ETF is up 37% and a basket of so-called meme stocks — a group completely detached from fundamentals — is 22% higher, while the world’s largest cryptocurrency based on market value Bitcoin is up roughly 40%.
“Financial conditions are loose and it’s the perfect environment for anything new and AI is the new kid on the block right now,” he said. “If you know what you’re doing, great, have at it. If you’re a FOMO person, stay away until this gets a little more settled.”
IMO ...... WELL DONE TONY D.
I presume, the Co will now need to do a ASX announcement before open of trade tomorrow ?? !!
But LTSH should spare a thought for those few shorter, that will be stressed out tomorrow morning when the ASX market opens. .... I'm only joking ... burn you buggers !!!!
Rise from the ashes
Regular
Well since it's not materia, no $$$$ involved no need for announcement.
On another note who's looking forward to the 15 minute city programs starting to roll out?
Vision for our future | Future Transport
30-minute cities, Fast Rail, stronger freight connections, advanced technology, and electric vehicles, and sustainable transport.
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FJ-215
Regular
@FJ-215: "If they need the extra 10M of shares it will be because the 30M wasn't enough to meet our $15 M obligation."
The conditions for this capital call are clear as day (to some/most?)
The likelihood that BRN will hit their $15 target, with shares to spare (i.e. returned to BRN), is very probable (do you need me to calculate the VWAP since the call was made, or you got that?).
Yet, you have chosen to ignore all of this when called out....... ok then lol
I'm not the enemy champ.@FJ-215: "If they need the extra 10M of shares it will be because the 30M wasn't enough to meet our $15 M obligation."
The conditions for this capital call are clear as day (to some/most?)
The likelihood that BRN will hit their $15 target, with shares to spare (i.e. returned to BRN), is very probable (do you need me to calculate the VWAP since the call was made, or you got that?).
Yet, you have chosen to ignore all of this when called out....... ok then lol
I hold a shit load of shares.
Proga
Regular
Tesla/Musk has finally bitten the bullet on ADS. Musk stated in Tesla's earnings call in Jan they're going to move away from their current GPU architecture (deconstruct or something he said) and switch on DOJO mid year to use as a AI machine learning training tool. He didn't elaborate on what they're going to use but if they're switching on DOJO I'd suggest (Dio?) it will be neuromorphic. Every other major OEM are going to use it. Musk said either early last year or late the year before (can't remember) he was going to continue with the GPU architecture until his GPU team tells him not to. I guess they have been heard from.
He said they're going to start producing the cybertruck in limit numbers later this year and start mass producing in 2024. The 2023 produced cybertrucks will use the current GPU architecture and won't be retrofitted. This seems to suggest whatever they're doing next is a complete reconfiguration.
Must does know about Akida.
He said they're going to start producing the cybertruck in limit numbers later this year and start mass producing in 2024. The 2023 produced cybertrucks will use the current GPU architecture and won't be retrofitted. This seems to suggest whatever they're doing next is a complete reconfiguration.
Must does know about Akida.
I think it will be very material and vital to make a Co announcement before the open of trading tomorrow ... as the Co will need to explain to the ASX, if asked why there may be a material change in the S/p especially if someone complains ( like a shorter). The ASX will most likely investigate, asking if the Co has been providing Full and Frank disclosure as part of their fiduciary duty in a timely manner ?? !!! The ASX will most likely want BRN to confirm what actions they have put in place for this to not take place again .......... And as the Co has stated via Tony D just recently, that we are on the ASX watch list, I am sure that BRN should be proactive and get in first to avoid another strike agains't the Co.Well since it's not materia,l no $$$$ involved no need for announcement.
On another note who's looking forward to the 15 minute city programs starting to roll out?
Sirod69
bavarian girl ;-)
irgendwie kann ich die sache mit der partnerschaft mit ai labs von gestern nicht nachvollziehen, sehr merkwürdig das ganze. Suche Leute die dort arbeiten etc.
ailabsinc.com
Unten auf dieser Homepage steht, dass Sie ihnen auf Facebook und Twitter folgen können, aber es funktioniert nicht.
Bei Google suche ich nach ai labs minsky und komme auf die folgende Seite (sie zeigt mir sogar als nicht sicher an)
Also Ai labs dann NexGen Ai und nirgendwo finde ich irgendwelche sicheren Links dazu auf LinkedIn, hat man aktuell das Gefühl, dass diese Firma ein Fake ist? Oder was ist da los. Vielleicht stehen Namensänderungen und eine neue Struktur der Homepage an?
Komischerweise konnte ich beides auch nicht an der Börse finden
Home - Ai Labs
ailabsinc.com
Unten auf dieser Homepage steht, dass Sie ihnen auf Facebook und Twitter folgen können, aber es funktioniert nicht.
Bei Google suche ich nach ai labs minsky und komme auf die folgende Seite (sie zeigt mir sogar als nicht sicher an)
MINSKY AI ENGINE | NexGen AI
The world’s most powerful and easy-to-use enterprise-level AI engine. No need for data scientists or software developers to run predictions
www.nexgen-ai.com
Wir sind MINSKY - AI Engine
NexGenAi Solutions Pvt Ltd. ist die Offshore-Engineering-Abteilung von Ai Labs, USA ( www.ailabsinc.com ). Unsere Mission ist es, künstliche Intelligenz (KI) zu nutzen, um Aufgaben auszuführen, die natürlicherweise mit menschlicher Intelligenz verbunden sind, wie Spracherkennung, Entscheidungsfindung, visuelle Wahrnehmung und Übersetzung von Sprachen. Um dies zu implementieren, verwenden wir maschinelles Lernen, Deep Learning, NLP und neuronale Netze oder jeden Zweig der KI, wo immer dies erforderlich ist, um komplexe Aufgaben wie Vorhersagen, Empfehlungen, Anomalieerkennung und vieles mehr auszuführen. Mit unserer proprietären KI-Plattform ( Minsky) bieten wir kundenspezifische, innovative End-to-End-Lösungen, um Geschäftstransformationen voranzutreiben, die zu intelligenten Prozessen und datengesteuerten Entscheidungen führen. Darüber hinaus setzen wir neue Maßstäbe im Bereich Robotic Process Automation ( RPA ), um zeitaufwändige, arbeitsintensive Prozessabläufe in verschiedenen Branchen zu automatisieren. Wir waren Pioniere bei der Integration von RPA in unsere KI-Lösungen für Aufgaben wie die Datenerfassung und die Berichtsverteilung. Mit unserem Hauptsitz in den USA und Offshore-Engineering-Zentren bieten wir rund um die Uhr Support für Datenanalyse, Entwicklung und Support nach der Implementierung.MINSKY- KI -MOTOR
VON AI LABS
Die weltweit benutzerfreundlichste proprietäre KI-Engine für Unternehmen, die keine Datenwissenschaftler oder Softwareentwickler benötigt, um Vorhersagen zu modellieren und auszuführen!Also Ai labs dann NexGen Ai und nirgendwo finde ich irgendwelche sicheren Links dazu auf LinkedIn, hat man aktuell das Gefühl, dass diese Firma ein Fake ist? Oder was ist da los. Vielleicht stehen Namensänderungen und eine neue Struktur der Homepage an?
Komischerweise konnte ich beides auch nicht an der Börse finden
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buena suerte :-)
BOB Bank of Brainchip
Cooking/baking with air fryers or whatever 
"We have so much in the oven I'm drooling and can't wait to feast on what's been baking."
Thought I would put you in the correct thread Rise
Boab
I wish I could paint like Vincent
BrainChip Partners with AI Labs on Next-Generation Application Development
Laguna Hills, Calif. – DATE, 2023 – BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, today announced a partnership with AI Labs Inc. to collaborate on next-generation application development leveraging the Minsky™ AI Engine.
I don't think its possible to put a value on this so not worthy of an ASX announcement in my opinion.
Regards
Sirod69
bavarian girl ;-)
Minsky AI Engine | المملكة العربية السعودية | TSAB
Advanced, unique & highly specialized technologies powerful, enterprise-level, easy-to-use artificial intelligence engine
Rise from the ashes
Regular
Haha yes I've been baking a bit too much lately it's all I think of .Cooking/baking with air fryers or whatever
"We have so much in the oven I'm drooling and can't wait to feast on what's been baking."
Thought I would put you in the correct thread Rise
@Xray1 if this turns into a asx announcement in it's same form as the release yesterday I'll shout you a year subscription.
Inside Tesla’s Innovative And Homegrown “Dojo” AI Supercomputer (nextplatform.com)
Inside Tesla’s Innovative And Homegrown “Dojo” AI Supercomputer
How expensive and difficult does hyperscale-class AI training have to be for a maker of self-driving electric cars to take a side excursion to spend how
www.nextplatform.com
Those Dojo training tiles consume 15 kilowatts, and are obviously going to be water cooled, and they are designed so that multiple training tiles can be interconnected to neighboring tiles. It is not clear how this happens, but clearly you will want a long row of interlinked tiles, oriented either horizontally or vertically, and not separate racks with trays of a few devices that then need some sort of optical or electrical cable of enormous proportions and tanglement to carry the data between the tiles.
Kachoo
Regular
I can't find the link now.irgendwie kann ich die sache mit der partnerschaft mit ai labs von gestern nicht nachvollziehen, sehr merkwürdig das ganze. Suche Leute die dort arbeiten etc.
Home - Ai Labs
Unten auf dieser Homepage steht, dass Sie ihnen auf Facebook und Twitter folgen können, aber es funktioniert nicht.
Bei Google suche ich nach ai labs minsky und komme auf die folgende Seite (sie zeigt mir sogar als nicht sicher an)
MINSKY AI ENGINE | NexGen AI
The world’s most powerful and easy-to-use enterprise-level AI engine. No need for data scientists or software developers to run predictionswww.nexgen-ai.comWir sind MINSKY - AI Engine
NexGenAi Solutions Pvt Ltd. ist die Offshore-Engineering-Abteilung von Ai Labs, USA ( www.ailabsinc.com ). Unsere Mission ist es, künstliche Intelligenz (KI) zu nutzen, um Aufgaben auszuführen, die natürlicherweise mit menschlicher Intelligenz verbunden sind, wie Spracherkennung, Entscheidungsfindung, visuelle Wahrnehmung und Übersetzung von Sprachen. Um dies zu implementieren, verwenden wir maschinelles Lernen, Deep Learning, NLP und neuronale Netze oder jeden Zweig der KI, wo immer dies erforderlich ist, um komplexe Aufgaben wie Vorhersagen, Empfehlungen, Anomalieerkennung und vieles mehr auszuführen. Mit unserer proprietären KI-Plattform ( Minsky) bieten wir kundenspezifische, innovative End-to-End-Lösungen, um Geschäftstransformationen voranzutreiben, die zu intelligenten Prozessen und datengesteuerten Entscheidungen führen. Darüber hinaus setzen wir neue Maßstäbe im Bereich Robotic Process Automation ( RPA ), um zeitaufwändige, arbeitsintensive Prozessabläufe in verschiedenen Branchen zu automatisieren. Wir waren Pioniere bei der Integration von RPA in unsere KI-Lösungen für Aufgaben wie die Datenerfassung und die Berichtsverteilung. Mit unserem Hauptsitz in den USA und Offshore-Engineering-Zentren bieten wir rund um die Uhr Support für Datenanalyse, Entwicklung und Support nach der Implementierung.
MINSKY- KI -MOTOR
VON AI LABS
Die weltweit benutzerfreundlichste proprietäre KI-Engine für Unternehmen, die keine Datenwissenschaftler oder Softwareentwickler benötigt, um Vorhersagen zu modellieren und auszuführen!
Also Ai labs dann NexGen Ai und nirgendwo finde ich irgendwelche sicheren Links dazu auf LinkedIn, hat man aktuell das Gefühl, dass diese Firma ein Fake ist? Oder was ist da los. Vielleicht stehen Namensänderungen und eine neue Struktur der Homepage an?
Komischerweise konnte ich beides auch nicht an der Börse finden
But AI Labs in had 2 to 10 people working they are a private company hence there is no directors or management on the web site.
Feel free to call the office and ask away.
buena suerte :-)
BOB Bank of Brainchip
Minsky™ at the Edge
What is Edge-Ai?Edge Ai means processing data collected/created on a device at the edge of a network using artificial intelligence algorithms where all the data is analyzed at the source of data collection without using Cloud servers.. ‘Edge’ means the device is at the edge of a network and ‘Ai’ means the data is processed using artificial intelligence. Edge Ai is defined by device location and how data is processed there.
How does Edge Ai work in practice?
As we have seen, Edge Ai relies on the devices’ own hardware for processing data and processes related to Machine Learning and Deep Learning. But how does this work in practice? A good example could be virtual assistants, such as Alexa or Google for example. They learn from the user’s words and phrases and can store them directly on the device. Thus, in addition to not necessarily depending on the internet connection to perform all functions, IoT devices achieve a much longer response time for the user. Of course, this is just an example. Later, we will see more possible applications in the future. The fact is that we are still witnessing the advances that this type of application can bring to people’s daily lives and industries in general.
Benefits of Edge Ai:
A technology like Edge Ai can bring several benefits, especially for the industry, which relies more and more on IoT devices. Some of the benefits include:
Reduced latency to improve the user experience
Integration between wearable technologies, such as bracelets
Reduction of the necessary bandwidth and, consequently, of the costs of internet services
Greater security and privacy of data, since the processing is done locally and not in the cloud.
Need for Edge-Ai:
Facial recognition, traffic updates on smartphones, autonomous vehicles, and smart devices. The list of devices that today have computing solutions at the edge keeps growing with the need for data processing on the devices and the increasing use of Artificial Intelligence. Shortly, we will see more of Edge Ai meeting the following needs:
Improvement in autonomous vehicles, which will start to identify images much more quickly for decision making;
Intelligence for security cameras, detecting suspicious activity in real-time;
Reduce costs and improve IoT security in industries;
Use in the medical field for emergency care and surgeries
How Minsky™ can make an Impact at the Edge…
Edge Ai relies on the devices’ own hardware for processing data and processes related to Machine Learning and Deep Learning. But how does this work in practice? A good example could be virtual assistants, such as Alexa or Google for example. They learn from the user’s words and phrases and can store them directly on the device. Thus, in addition to not necessarily depending on the internet connection to perform all functions, IoT devices achieve a much longer response time for the user.
Minsky™ can be used at the Edge in a wide range of possible applications where data acquisition is accomplished using IoT sensors and the Test results fed to Minsky™ for Data Analytics/Inferences.
We are MINSKY™ - Most Power Ai Engine
Our mission is to utilize Artificial Intelligence (Ai) to execute tasks naturally associated with human intelligence such as: speech recognition, decision-making, visual perception, and language translation. To implement this we use machine learning, deep learning, NLP and neural networks or any branch of Ai wherever required to perform complex tasks such as predictions, recommendations, anomaly detection and much more. Using our proprietary Ai platform (Minsky™) we provide custom end-to-end innovative solutions to drive business transformations resulting in smart processes and data driven decisions.
Rise from the ashes
Regular
Curious and CBF checking, what was our last decent announcement we had released on the asx.
And not talking about the LDA announcement (yes securing funds is decent)
And not talking about the LDA announcement (yes securing funds is decent)
IndepthDiver
Regular
Hi FJ,
Not sure why you are getting criticised for what was in my view a reasonable opinion. I was initially under the same impression as you about the capital call. The large number of shares being offered in the capital call and the extended period indicated they could be trying to raise the full amount in the LDA call.
Since there's been some conflicting views on this, I thought it's worth doing calcs based on the information available.
LDA were subscribed 30m shares, which if I recall means they were given 30m shares but will need to return any unused.
In the previous Top 20, LDA had no shares. In this recent Top 20, they had ~26m shares. The date on this Top 20 is 27th January and the capital call started 10th January. This equates to 12 or 13 trading days (1 public holiday).
So assume 4 million shares were sold since 10/1 (30m -26m). With avg of about 65c, this equates to ~2.6m AUD
Assuming 13 days, this equates to 300k shares per day, which equates to $200k AUD per day
Now as per the following statement in the notice:
The Capital Call Notice pricing period will begin upon exercise of the put option on or around 11 January, with an anticipated ending date in late March or early April, subject to adjustments based on the share price performance throughout the pricing period.
ASX days from 10 Jan till end March (choosing 28/3) = 11 weeks or 55 trading days, minus any public holidays. To round things, I'll go with 60 trading days to early Apr.
On the current trajectory, 60 days at 200k AUD = $12 million AUD raised.
This would use 18m of the 30m shares they were given.
As per the Capital call conditions, minimum drawdown = $15m, though up to $27.9m AUD can be raised.
The current trajectory is closer to the 15 million minimum drawdown. I suspect they are expecting some share price increase over this period to prevent needing to do another capital call to raise the minimum required amount. I'm not saying they won't do another call, it just depends on their requirements at the time (eg. for negotiations, for buying expensive things, for more reference chips, or increasing headcount with quality staff, etc.). Lower share sells over a longer time may just be to cause less bumps in the price.
When the plans to raise these amounts with LDA were set out over a year ago, Sean obviously had a strategy. However, a lot of things have happened since then such as war in Ukraine and high inflation / possible recession coming. Are EAP customers still going ahead with plans, or has the economy caused some delays in progress? Alternatively, are there now more customers on board wanting to pay, in which case there may less need to raise funds?
Raising the minimum could imply they expect revenue to come in shortly and remove the need for further raises. However, we have sufficient funds for 12 quarters at current burn rate. More hires are likely to increase rate of spending, and I would expect a reasonable headcount increase if we continue to be successful.
On the flip side, raising more could indicate bigger expansion plans, new research facilities or takeover of another company.
Pure speculation, DYOR
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