Just to close the day productive
https://www.linkedin.com/posts/beem...prioritises-activity-7284066751250579457-GZv8
https://www.linkedin.com/posts/beem...prioritises-activity-7284066751250579457-GZv8
As at 30/9/24 we had 7.7 quarters of cash in the bank - almost 2 years. Cash is not an issue at all.
As we have no pressing need at all for immediate cash it appears that we are expecting a major deal before 30th June2025 which is the last day of drawing the LDA funds.
Pico and the M2 format were developed in response to clients' requests/needs. We also know for example that Tata intends driving AKIDA into its products.
We know NDA's have been in place for some time. Plenty of engagements.
With 2 new products (Pico and M.2) recently released plus our new Edge box partnerships i doubt the raise is to produce another product so soon.
IMO its more likely connected to a deal. Why else would we raise cash when there is no pressing need?
Could be maybe buying the whole franchise business and becoming a coffee Franchisor?
I agree. I’m sure I read a few years back that some tier 1 companiesBeen thinking about this as well.
One theory that I have is that they might be required to provide a financial guarantee to ensure stability throughout contractual duration. If there is a large contract of which payment is either milestone or turnkey based, they might require Brainchip to have financial capability to scale up. It would be a high risk item for the contracting company to purchase/deal with a company with unknown financial ability to support its scaling operation in the near term timeline.
If I were to contract out house building, it would be rather unpleasant if my contractor were to suddenly run out of money midway of house construction because they have to hire more people for the work. Would probably ask for a letter of financial guarantee from the bank or financial institution.
Just my wild theory and assumption.
I agree. I’m sure I read a few years back that some Tier 1 companies may be reluctant to sign a deal unless Brainchip could provide financial stability. Be a very bad investment for a tier 1 company to sign a deal with a company that wasn’t around long enough to deliver on the deal. This additional revenue raise is a good thing in my opinionBeen thinking about this as well.
One theory that I have is that they might be required to provide a financial guarantee to ensure stability throughout contractual duration. If there is a large contract of which payment is either milestone or turnkey based, they might require Brainchip to have financial capability to scale up. It would be a high risk item for the contracting company to purchase/deal with a company with unknown financial ability to support its scaling operation in the near term timeline.
If I were to contract out house building, it would be rather unpleasant if my contractor were to suddenly run out of money midway of house construction because they have to hire more people for the work. Would probably ask for a letter of financial guarantee from the bank or financial institution.
Just my wild theory and assumption.
I just found that BH were showcasing the tech at the Navy STP in April 2024 plus I can see another friend in Intellisense was also showcasing some tech.Was looking at BH again and RTX searches.
This PDF came up from the Navy (NAVAIR) and appears BH would have been working on the Snap Card prior to 2023 as this update was dated July 23.
Indicates how long Dev & testing cycles can be.
Navy definitely think highly of it at that point.
Looking good.
View attachment 75859
Found this document the other day regarding the snapcard…..Was looking at BH again and RTX searches.
This PDF came up from the Navy (NAVAIR) and appears BH would have been working on the Snap Card prior to 2023 as this update was dated July 23.
Indicates how long Dev & testing cycles can be.
Navy definitely think highly of it at that point.
Looking good.
View attachment 75859
Eeehhhh the price?They say the devil is in the detail, and unfortunately they've managed to make a mistake on the page......
PCIe boards I believe....eg more than 10 contact BRN.Eeehhhh the price?![]()
This is great news.M.2 card now available to purchase from the Brainchip Shop:
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M.2 Card
Specifications Akida M.2 Card, powered by AKD1000 IC with an ARM M.4 CPU plus 20 Akida 1.0 event-based processing NPUs in a mesh. Akida M.2 AKD1000 Card accelerates CNN-based neural network models using BrainChip’s ultra energy-efficient, and purely digital, event-based processing architecture...shop.brainchipinc.com
View attachment 75860
Maybe I'm stating the obvious, but that's our AKIDA chips on the CGI of the Snap boardWas looking at BH again and RTX searches.
This PDF came up from the Navy (NAVAIR) and appears BH would have been working on the Snap Card prior to 2023 as this update was dated July 23.
Indicates how long Dev & testing cycles can be.
Navy definitely think highly of it at that point.
Looking good.
View attachment 75859
Great minds think alike.This is great news.
It comes with a number of different board configurations ... where are the chips coming from?
Does the B_ _ number relate to the Batch number??..This is great news.
It comes with a number of different board configurations ... where are the chips coming from?
As at 30/9/24 we had 7.7 quarters of cash in the bank - almost 2 years. Cash is not an issue at all.
As we have no pressing need at all for immediate cash it appears that we are expecting a major deal before 30th June2025 which is the last day of drawing the LDA funds.
Pico and the M2 format were developed in response to clients' requests/needs. We also know for example that Tata intends driving AKIDA into its products.
We know NDA's have been in place for some time. Plenty of engagements.
With 2 new products (Pico and M.2) recently released plus our new Edge box partnerships i doubt the raise is to produce another product so soon.
IMO its more likely connected to a deal. Why else would we raise cash when there is no pressing need?
This is pretty cool when you consider it in terms of our existing relationship with Penn State. For example, Abhronil Sengupta is an Associate Professor at Penn State. He has also been involved in the cyber-neuro RT project, along with other authors from Quantum Ventura.
$1.23M NASA grant to support improving satellite weather forecasting with AI
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Penn State researchers will use a grant from NASA to improve atmosphere and ocean forecasts by incorporating AI and satellite data into current forecasting models. Credit: NASA. All Rights Reserved.
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January 8, 2025
By Mary Fetzer
UNIVERSITY PARK, Pa. — A team led by a Penn State College of Information Sciences and Technology (IST) researcher received a two-year, $1.23 million grant from NASA to improve atmosphere and ocean forecasts by incorporating artificial intelligence (AI) and satellite data into current forecasting models.
“Typically, forecasts of the atmosphere and oceans require data assimilation — combining different sources of information about the weather to obtain a more accurate result,” said Romit Maulik, assistant professor in the College of IST. “However, that data assimilation can slow down the forecast time significantly. We plan to use computer vision to dramatically accelerate this process.”
Computer vision is a form of artificial intelligence that uses machine learning and neural networks to teach computers to understand and interpret visual information data and to learn from that data to improve their performance.
The research team — which includes Steven Greybush, associate professor of meteorology in the Penn State College of Earth and Mineral Sciences, and scientists from Argonne National Laboratory, NASA Goddard Space Flight Center, the National Oceanic and Atmospheric Administration and the University of Chicago — plans to introduce various sources of data, such as satellite images, to build on past weather forecasting that used transformer-based AI algorithms and machine learning models.
“The work will involve retraining some portions of our model to take these new datasets as inputs and improve predictions,” Maulik said. “Then, we will integrate these improved algorithms into the NASA Goddard Earth Observing System so it can rapidly incorporate satellite system observations into its operational data assimilation workflows.”
Maulik and Greybush are also co-hires of the Penn State Institute for Computational and Data Sciences.
Last Updated January 8, 2025
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$1.23M NASA grant to support improving satellite weather forecasting with AI | Penn State University
A team led by a Penn State College of Information Sciences and Technology researcher received a $1.23 million grant from NASA to improve atmosphere and ocean forecasts by incorporating AI and satellite data into current forecasting models.www.psu.edu