BRN Discussion Ongoing

[Derby1990]

Wow, last year on my birthday (which is tomorrow), I was elated when we closed at 0.745 and I was finally in the black again.
Not such a great feeling this time, at 0.17
Oh well, at least I was able to top up throughout the year and get my average down to 0.53
Fingers crossed for a better finish on my next birthday

 

[JoMo68]

Thoughts on this? (minus Deadbeats comments) I’m thinking Jens may have got the flick..

Ouch!!

 

[David holland]

Wow, last year on my birthday (which is tomorrow), I was elated when we closed at 0.745 and I was finally in the black again.
Not such a great feeling this time, at 0.17
Oh well, at least I was able to top up throughout the year and get my average down to 0.53
Fingers crossed for a better finish on my next birthday

This time nxt yr if the companies shareprice is at 17 cents I'd say it's a Ken marslew, Enough is Enough

 

[The Pope]

This time nxt yr if the companies shareprice is at 17 cents I'd say it's a Ken marslew, Enough is Enough

Sounds like from all your negative posts ( can’t recall a positive one from you) is that you need a hug. I’m not offering but just saying. Anyone who actually lives nearby David and can drive to his place to see his if he is ok. Thanks in advance.

 

[David holland]

Sounds like from all your negative posts ( can’t recall a positive one from you) is that you need a hug. I’m not offering but just saying. Anyone who actually lives nearby David and can drive to his place to see his if he is ok. Thanks in advance.

Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License , but where at 17 cents when can we give the 2nd strike

 

[TheFunkMachine]

Howdy Brain Fam,

Hope everyone had a Merry Christmas. I just noticed this on Socionext's website. See date below 28th December 2023!

They're working with Honda, Mazda, Nissan, Subaru, Toyota, Denso, Panasonic, Cadence, Renesas..and the list goes on to research and develop SoC's for automobiles using chiplet technology to install in mass production vehicles from 2030 onwards!!!!!!

View attachment 52906


View attachment 52900


View attachment 52904


To find the above on the website, click on this link https://www.socionext.com/en/info/Automotive-SoC_2023.html and then click on PDF.




And then...from another area on Socionext's website (which can be found find by clicking on this link https://www.socionext.com/en/info/Automotive-SoC_2023.html and scrolling down the bottom of the page), you can see that Socionext say in regards to their Advanced AI Solution for Automotive that "Socionext has partnered with artificial intelligence provider BrainChip to develop optimized, intelligent sensor data solutions based on Brainchip’s Akida® processor IP."

So my guess would be that we be providing the advanced AI for the AI chip shown on the PDF describing the new SoC!!!!!!!

I am not debunking this theory at all Bravo. And I do love your input on the forum. However how does Panasonic, cadence, MIRISE and Synopsis play a part if it is our technology?

I do know that we have a foot in with Socionext and Renasas, but why mention all the other names and not mention Brainchip?

 

[Fact Finder]

Hi All

A little bit of historical context to start with:

Sean Hehir interview with Mark Kennis after 2022 AGM - extract below

Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.

One was clarifying the business model. That was very, very important. Chips or IP?

We clarified that it’s IP.

A really important step.

We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)

This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.

In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”

Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.

If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.

Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.

Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.

For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.

He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.

Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.

The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.

My opinion only DYOR
Fact Finder

 

[wilzy123]

Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License , but where at 17 cents when can we give the 2nd strike

Please use coherent English on this forum. Otherwise, it'll just continue to look like you're talking to yourself, and we might be missing out on a lot of valuable commentary. Thanks.

 

[David holland]

Please use coherent English on this forum. Otherwise, it'll just continue to look like you're talking to yourself, and we might be missing out on a lot of valuable commentary. Thanks.

I'll use what I like, did you ask the family member re putting pictures up without there permission

 

[IloveLamp]

Hi All

A little bit of historical context to start with:

Sean Hehir interview with Mark Kennis after 2022 AGM - extract below

Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.

One was clarifying the business model. That was very, very important. Chips or IP?

We clarified that it’s IP.

A really important step.

We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)

This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.

In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”

Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.

If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.

Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.

Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.

For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.

He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.

Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.

The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.

My opinion only DYOR
Fact Finder

 

[Drewski]

* their

 

[Damo4]

 

[Damo4]

 

[IloveLamp]

Redirecting

Congrats to Xiaomi Technology on the launch of the SU7 ecotech sedan, powered by #NVIDIA DRIVE Orin. | NVIDIA DRIVE

Congrats to Xiaomi Technology on the launch of the SU7 ecotech sedan, powered by #NVIDIA DRIVE Orin. #electricvehicles #xiaomisu7 https://lnkd.in/g4_t-nwm

www.linkedin.com

Xiaomi hired talents from the auto industry to realize this project. Most notably, CEO Lei Jun claimed that Tianyuan Li, formerly of BMW's iX series and iVision concepts, offered himself to Xiaomi's auto design team. Li was also joined by James Qiu, who had previously worked on Mercedes-Benz's Vision EQXX design. (!!!!!!) They later recruited Chris Bangle, a BMW veteran, to be their design consultant.

 

[Damo4]

Hi All

A little bit of historical context to start with:

Sean Hehir interview with Mark Kennis after 2022 AGM - extract below

Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.

One was clarifying the business model. That was very, very important. Chips or IP?

We clarified that it’s IP.

A really important step.

We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)

This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.

In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”

Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.

If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.

Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.

Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.

For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.

He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.

Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.

The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.

My opinion only DYOR
Fact Finder

Well said FF!

Also not sure how many here have been involved in shortlisting or interviewing, but when asking a candidate why they left their previous role, and their response is criticism of the company, it's a huge RED flag.

At least thats my experience, the few candidates have usually gone on to have issues with either their colleagues or management.

 

[Kachoo]

With regards to The posts on LinkedIn by Jenns, reading them again.

He used past tense worked at BRN is it possible he got the sack yesterday ? So his comments seem more directed at the company negatively as sales always need to point to they are correct and operations is wrong. Still unprofessional IMO.

As to why we do not know maybe his performance was in question and BRN have another hire in sites and need to make room. Or possibly they just don't need that position speculation.

Its not uncommon when a shake up happens the team is reviewed and changes made to create synergies.

Let's put it out like this Poor sales performance on Chris and Jenns. Is the product bad or are they not performing and selling the value of akida well.

We have a New CTO and Sales VP they have plans and styles of delivery. ARM does IP successfully that said maybe they want new blood to drive the sale.

People that have short stays at many companies are different then those that work a long time. Both Jenns and Chris stays are short. Toni and Steve seem to be long timers and maybe they are looking at this for the long run. The joys of hiring.

I know we bag the CEO but if he is calling the shots and making changes he is not sitting on his butt doing nothing. Its all business. Both our new recruitment are active and engaging more then the past salary collectors. Now we need sales and deal. We never had deal that in the past year so is this a loss or gain ask your self. The CEO runs a company yes does some sales but if he is running to the meeting with these guys clearly he needs better people in there that can do it on their own.

It is what it is.

 

[David holland]

With regards to The posts on LinkedIn by Jenns, reading them again.

He used past tense worked at BRN is it possible he got the sack yesterday ? So his comments seem more directed at the company negatively as sales always need to point to they are correct and operations is wrong. Still unprofessional IMO.

As to why we do not know maybe his performance was in question and BRN have another hire in sites and need to make room. Or possibly they just don't need that position speculation.

Its not uncommon when a shake up happens the team is reviewed and changes made to create synergies.

Let's put it out like this Poor sales performance on Chris and Jenns. Is the product bad or are they not performing and selling the value of akida well.

We have a New CTO and Sales VP they have plans and styles of delivery. ARM does IP successfully that said maybe they want new blood to drive the sale.

People that have short stays at many companies are different then those that work a long time. Both Jenns and Chris stays are short. Toni and Steve seem to be long timers and maybe they are looking at this for the long run. The joys of hiring.

I know we bag the CEO but if he is calling the shots and making changes he is not sitting on his butt doing nothing. Its all business. Both our new recruitment are active and engaging more then the past salary collectors. Now we need sales and deal. We never had deal that in the past year so is this a loss or gain ask your self. The CEO runs a company yes does some sales but if he is running to the meeting with these guys clearly he needs better people in there that can do it on their own.

It is what it is.

The CEO Is in charge, if his team aren't up to it or disruptive or whatever the reason , The CEO needs results and has shown good leadership thus far

 

[The Pope]

Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License , but where at 17 cents when can we give the 2nd strike

Definitely will not be whinging. You sound like the champ of whinging. Any chance you hang out with mickleboro?
If you actually understood why Sean is getting shares (performance based to his KPI) etc then would you stop whinging?
Suggest reading the BRN annual reports for factual info or maybe Fact Finder can send you a link to one of his previous posts so you can get up to speed. As always DYOR. Hope you have a happy new year.

 

[FJ-215]

Hi All

A little bit of historical context to start with:

Sean Hehir interview with Mark Kennis after 2022 AGM - extract below

Sean: But what I said yesterday at our AGM, I think is very, very true. We spent nine years building this amazing technology. It’s transformational in its capability and powerful, but we were not doing enough in our go-to-market motion. So, I started to build the go-to-market motion, and I laid about five or six steps.

One was clarifying the business model. That was very, very important. Chips or IP?

We clarified that it’s IP.

A really important step.

We do have chips available, boards and things like that, but the revenue streams of the company are gonna be IP.” - (note the admission by Sean Hehir here that they have PoC's available.)

This was six to seven months before Jens Paetau joined Branchip and so it could not have come as any surprise that when Chris Stevens recruited him to his position it must have been on the basis that he would be selling IP not chips.

In his response to the Hans Peter question he states “they do not realize most designs start with a chip for a PoC and later develop an ASIC.”

Apparently at his initial on the job training Chris Stevens failed to mention to him that Brainchip had available the AKD1000 proof of concept (PoC) chip and that AKD1500 was due to tape out within a short while and the AKD1500 proof of concept chips would be available mid year.

If anyone doubts that AKD1000 was a proof of concept chip all they need do is go back to 2020 and listen to one of the many interviews done by the then CEO Mr. Dinardo who on many occasions used this very term 'proof of concept' to describe AKD1000 and stated that it was required by those companies they were dealing with who were deciding whether to proceed with AKIDA and that this was entirely understandable given a company would need to invest 30, 40 or 50 million dollars to design and bring a product to market.

Though the CEO Mr. Dinardo had left by the time Jens Paetau arrived Rob Telson who worked closely with Mr. Dinardo along with Peter van der Made and Anil Mankar and many others also understood the importance of proof of concept chips.

Apparently as part of his own due diligence he missed the statement made by Sean Hehir his CEO that a proof of concept AKIDA 2.0 would likely be produced after the IP was publicly released. As we all know once you settle on the IP design you then have to have engineering work on the layout for the proof of concept chip so from IP to proof of concept chip in hand necessarily takes some time.

For those of you who follow such things the first release of the AKIDA 2.0 specs indicated that 'P' would have a capacity of 50 TOPS however after it was in the hands of the early access customers some further upgrades by way of adding extra nodes were made lifting 'P' to 131 TOPS. It might be thought sensible to not race in and produce a proof of concept chip until you have settled on the IP design but I will leave that to others better qualified to say.

He also appears to have missed the announcement that Brainchip and VVDN will be releasing an AKIDA EDGE Box at CES 2024 and advance orders will be taken thereafter. Sean Hehir CEO has not used the term proof of concept but has described it as something which Brainchip itself will use as a demonstrator with customers.

Clearly having been brought on by Chris Stevens there are lines between which on can read here that Jens Paetau's skill set and or personality may not have met the expectations of the new Vice President of Sales Steve Thorne and that he was likely given a heads up at Christmas drinks closing off the 2023 financial year in the USA that he did not form part of future planning. The fact that he was looking for a position between Christmas and New Year fits neatly with this scenario having immediately before Christmas been talking up his attendance for Brainchip at sensor tradeshows in 2024.

The fact that Jens Paetau has relied upon flawed facts to enhance his job prospects when asked why he was leaving Brainchip destroys his credibility in my opinion but whether he stays or goes is actually not for me to judge as an outsider but if he has been asked to move on by the new Vice President of Sales then his character as evidenced in these posts would not give me pause to doubt the correctness of that decision.

My opinion only DYOR
Fact Finder

Hmmm........

Who hired who.......and why.




I identify strongly with this video.

 

[Fullmoonfever]

Ha ha you'll be the first one whinging mate,Why is Sean getting these shares, why haven't we signed another IP License , but where at 17 cents when can we give the 2nd strike

Pretty sure FF previously outlined the outcome re a second strike vote but hey why not repeat it fwiw.

I posted the below elsewhere to clear things up for some who don't get it.


Posters banging on about Sean and getting rid of him by using the 2 strike rule don't seem to understand that a spill will be about potentially everyone else on the board depending on the outcome of a subsequent spill meeting "excluding" him.

Highlighted a bit below to make it simple....he is essentially the MD.


What is the two strikes rule?

In summary, the two strikes rule is a staged process that works like this.

1. At its annual general meeting (AGM), the company must put a resolution to approve the remuneration report to shareholders. If more than 25 per cent of eligible shareholders vote against the resolution, the company receives a ‘first strike’.
2. At the following year’s AGM, the company must again put a resolution to approve the remuneration report to shareholders. If, in that year, more than 25 per cent of the eligible shareholders again vote against the resolution, the company receives a ‘second strike’.
3. If the company receives two consecutive ‘no’ votes on the remuneration report resolutions, then the company must immediately put to the AGM at which the second ‘no’ vote was cast a resolution to hold a spill meeting.
4. If the majority of those at the AGM eligible to vote on the spill resolution vote to support the spill resolution, then all board positions (except for the managing director) are declared vacant and become open for election, and a special meeting must then be held within 90 days of the spill resolution — the extraordinary general meeting (EGM).
5. The EGM will then consider whether to spill some or all of the board.

Each step has specific rules in relation to shareholder voting eligibility.