BRN Discussion Ongoing

manny100

Top 20
But BRN doesn't have a great run way Manny!

Weebit, for example, has a little under $100 million (that is 31 quarters) in runway at their current burn rate.

I'm not trying to be a pain in the arse, I'm trying to point out the obvious.

BrainChip needs to turn a profit soon or we won't survive (unless we cap raise YET AGAIN and get diluted to the max).
Yes I see your point about cash burn and time.
Brainchip in general has a longer sales cycle than Weebit whose customers are generally after memory solutions in the already established semi conductor industry.
BRN is a new way of doing things, ie a complete change and trying to break into many diverse markets which involves customer resistance, integration, training, long testing timeframes. So far space to Epilepsy seizure warning to surf watch to US Afrl to predictive maintenance on oil rigs etc. Diverse in the extreme.
While our reach is broader than Weebit's ours is is a way harder nut to crack.
It will be interesting to compare the 2 in say 5 years.
 
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Bravo

If ARM was an arm, BRN would be its biceps💪!
Yes I see your point about cash burn and time.
Brainchip in general has a longer sales cycle than Weebit whose customers are generally after memory solutions in the already established semi conductor industry.
BRN is a new way of doing things, ie a complete change and trying to break into many diverse markets which involves customer resistance, integration, training, long testing timeframes. So far space to Epilepsy seizure warning to surf watch to US Afrl to predictive maintenance on oil rigs etc. Diverse in the extreme.
While our reach is broader than Weebit's ours is is a way harder nut to crack.
It will be interesting to compare the 2 in say 5 years.
Hi Manny,

Thanks for your response!

You say while our reach is broader, in addition "ours is a harder nut to crack" and yet we don't have anywhere near the money in reserve that WBT does?

All I'm suggesting is that the opportunity for shareholders to ask the difficult questions of management presents itself now at the AGM.

These difficult questions need to be respectfully asked and answered IMO.
 
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Bravo

If ARM was an arm, BRN would be its biceps💪!
Meanwhile...the real author of probably the most talked about recent post on HC and here :rolleyes:


View attachment 83595

Jokes aside and I like to think I don't rant toooo often....I find it amusing and concerning at the same time that people actually give this thing so much oxygen.

Irrespective of whether it is the real Lou or not, I'm surprised people clamour over some ex CEO's post on a forum of his "opinion" like it's some sort of gospel.

Does he have an axe to grind does he not, is he genuine, is he not...who knows.

I don't give a rats how each holder votes as that is their right but all this back and forward here and on HC of posters appearing to try and influence how people should vote is pretty pathetic imo.

If you're invested and play in the market you should be able to put the big boy or girl pants on and make a decision on your own.


Hi FMF,

I pulled my great-big-oversized-girl panties up and I still found myself asking the very pertinent question, why the heck wouldn't Tony Dawe or someone at BrainChip be able to either dismiss or confirm whether the former CEO, Lou DiNardo, is now presently shit-canning BRN on both TSEx and the Crapper?

I found no satisfactory answers were forthcoming.

HELP!!
🩲🩲🩲
 
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Rach2512

Regular

Attachments

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jrp173

Regular
1746195100377.png

Perhaps you have never actually been on a committee. 🤣

A committee? Are you serious? This isn't the boys scouts or your local footy team, this is an ASX listed company regulated by ASIC.

Reminding you of your original comment - as regards the vote I am certain the Board would demand a unanimous vote on the proposed domicile....

NEDs have a legal obligation to act in the best interests of the company and its shareholders, and to exercise reasonable care and diligence. The board can not demand or dictate how a NED votes.

If the Board can "demand" and therefore dictate how directors vote, why do we have 4 non executive directors getting paid from a $700,000 salary pool (not including bonuses). The NED's role would be absolutely pointless if what you wrote was true (which of course it is not).

You are just embarrassing yourself now.
 
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Frangipani

Top 20
On 1 December 2024, both @Humble Genius and @Kamikaze kai shared the following LinkedIn post by Sounak Dey from TCS Research with us:



View attachment 83536

View attachment 83540


Yesterday, the work he referred to, which was presented at ICPR 2024 in Kolkata (1 - 5 December 2024) by Sounak Dey’s and Chetan Kadway’s co-author Ajoy Dey, was published online (the text beyond the abstract is, however, behind a paywall):



View attachment 83537
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Speaking of driver fatigue and distraction detection:

A so far underrated player in the Edge AI space is FotoNation.
This computer vision AI solutions company headquartered in Galway, Ireland, with a second engineering office in Brasov, Romania, was originally founded in 1997. In 2008, it was acquired by Xperi (then known as Tessera), and subsequently in January 2024 by Tobii, which calls itself “the global leader in eye tracking and pioneer of attention computing.”

Only ten months later, though, in November 2024, FotoNation was re-launched as its own brand after “a Management Buy Out led by three of its legacy executives Petronel Bigioi, Sumat Mehra and Eran Steinberg.”

These industry veterans behind FotoNation have now firmly set their eyes on the Edge AI market, offering “ultra-low power embedded Edge AI solutions”. Given they have successfully commercialised their tech in the past, they shouldn’t be dismissed as just another startup that has to build up an ecosystem from scratch.




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“Tobii has divested certain research and development activities, including assets related to chip-level hardware, firmware, and imaging technology, to the former founders of FotoNation. As consideration for the divestment, Tobii holds a minority stake of 19.9 percent in the new company. The divestment will result in a total reduction of around 35 employees.”



Yesterday, FotoNation posted on LinkedIn about their vision to revolutionise road safety with the help of an AI-powered sensor in collaboration with their joint venture partner CameraMatics, having secured more than € 6 million in funding from Enterprise Ireland’s Disruptive Technologies Innovation Fund.

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Business

Car crashes due to fatigue could be ‘entirely eliminated’ by AI-powered sensor​

Technology under development by two irish companies could also detect drivers on phones or looking away from road​

A joint venture, between fleet-safety technology company CameraMatics, and FotoNation, a computer-vision AI solutions firm, aims to eliminate the need for cameras in driver fatigue and distraction monitoring systems. Pictured, from left, are Gabriel Costache and Petronel Bigioi of FotoNation, and Daragh McDonnell, Paulo Zanni and Rob Eviston of CameraMatics

A joint venture, between fleet-safety technology company CameraMatics, and FotoNation, a computer-vision AI solutions firm, aims to eliminate the need for cameras in driver fatigue and distraction monitoring systems. Pictured, from left, are Gabriel Costache and Petronel Bigioi of FotoNation, and Daragh McDonnell, Paulo Zanni and Rob Eviston of CameraMatics

Hugh Dooley

Fri Apr 18 2025 - 14:14

A new AI-powered sensor that could prevent car crashes caused by driver fatigue, distraction and illness has received more than €6 million in funding.
Two Irish companies behind the project have secured the financing from the Disruptive Technologies Innovation Fund.

The joint venture, between fleet-safety technology company CameraMatics, and FotoNation, a computer-vision AI solutions firm, aims to eliminate the need for cameras in driver fatigue and distraction monitoring systems.

Fatigue is a factor in as much as 20 per cent of all road traffic collisions, according to the European Road Safety Observatory, with mobile phone use a cause of as much as 30 per cent of all cases. The in-development technology is aiming to eliminate those crashes.

“What this technology does is it scans the cabin of the vehicle, analysing the driver in terms of their face and body to identify when someone is falling asleep,” says CameraMatics chief marketing officer Tom Farrell, with the product alerting or awakening the driver using sound.

The technology will also detect when someone is looking away from the road or is using a mobile phone or even having a medical issue, but without the use of cameras which, the company says, “can raise issues around privacy”.

Instead of cameras, the companies are hoping to use “neuromorphic sensing” – technology to create computer-intelligible images that are not readable by humans.

While CameraMatics operates similar fleet-safety technologies in commercial vehicles, it has identified the private car market as the focus for the new technology – in which, the company says, they have seen “immediate demand”.

“The future of this technology, whether it is us or somebody else designing it, will be in every car in the world in about 10 years time,” said Mr Farrell.

Mervyn O’Callaghan, chief executive of CameraMatics, said the development of the technology could “generate hundreds of tech jobs in Ireland and in other global markets CameraMatics operates in”.

Petronel Bigioi, chief executive of FotoNation, said the technology “could save thousands of lives around the globe” and has the “potential to entirely eliminate road traffic accidents caused by distracted driving and fatigue”.

Imelda Lambkin, Disruptive Technologies Innovation Fund manager at Enterprise Ireland, said the technology “will dramatically impact road safety”.

The project is being developed in conjunction with the Center for Computational, Cognitive and Connected Imaging (C3I) at of Galway and the Centre for Advanced Photonics and Process Analysis (CAPPA) at Munster Technological University.



Nine months ago, researchers from FotoNation and the University of Galway published a paper titled “Spiking-DNN: Neuromorphic Event Camera based Driver Detection with Spiking Neural Network”, which proves they have been exploring SNNs:
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While the above reference to future work with regards to evaluating their approach on neuromorphic hardware “such as the Loihi-2 chip from Intel” doesn’t exclude the possibility of it (also) being evaluated on Akida, we should consider them competition as long as not confirmed otherwise (eg by a partnership announcement).

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Fyi - I had placed a number of enquires to my Australian super fund over the past few weeks linked to transferring to SMSF etc if BRN BOD confirm intent to redomicile to US stock exchange. It was a-bit like calling Telstra a few times and getting slightly different responses so went with emails only so they replied via email (recorded)

In short, AustralianSuper does not offer in-specie transfers.

That means no transfers to other retail or industry or SMSF. I also assume other Australian super funds would be exactly the same stance with retail shareholders”

This would mean pending what price you purchased compared to current price then you may be a solid negative value if forced to sell due to redomicile (no duel listing)

If you have BRN shares currently in SMSF then it appears nothing to worry about compared to shareholders who have BRN shares in a Australian super fund (retail or industry by the looks of it)

———————————————————-

I did get a good reply from Tony Dawe a few weeks ago and he replied with this (removed a couple of sentences at start (And Sean was cc)I This was also due to my original email I had cc Sean into the email when sent to tony for a reply)

Most of Tony’s reply is captured below, word for word”. I assume Tony wouldn’t mind given its general wording and doesn’t appear to be personalised information”

“Your position is not dissimilar to other shareholders who have contacted me since Brainchip announced it was investigating a redomiciling to the US, and who have articulated similar issues regard their shareholding in Australian Index linked super funds.

As I have repeatedly stated to other shareholders, the process of investigating the process of redomiciling does not mean that the Board has formally decided to redomicile to the US.

I don’t want to presume what the Board will choose to do, so at present we must wait to see what happens and allow the Directors to conclude their deliberations.

Such an important and strategic decision will not happen without allowing time for consultation and to gather feedback from our shareholders.

We expect this important issue will be discussed at length at the AGM in May and these discussions will be helpful to the Board in making an informed and balanced decision.

The Board is interested in gaining feedback and insights from our shareholders, and I am passing on all the feedback I receive from shareholders to ensure the Board gets to hear the full spectrum of opinions, both positive and negative.

Be assured that the specific issues regarding your super fund and its restrictions on foreign domiciled equities have already been raised by me with our CFO Ken Scarince, who is spearheading our investigation into redomiciling.

Your views, and the views of all shareholders who express an opinion on the matter, will be shared with the Board and if the Board decides to proceed with the decision to redomicile, you and all shareholders will be afforded an opportunity to vote on the matter.

At the end of the day the Board must act in the best interests of shareholders and do what it believes will deliver the best outcome for the future of the Company”
————————————————————-

Also as FYI, I really wanted to go the AGM on Tuesday 6/5 I’m Sydney to chat more with BRN management team but unfortunately I will not be able to attend in person. I have attended the last few years in person. I will be attending online though and post questions for BRN BOD to r hopefully respond to. I hope all attendees post really good questions to the BRN BOD and Sean.

However, I do recall again at last AGM that there a number of questions left unanswered or put on notice but don’t recall BRN providing offical responses back for attendees to review.

Cheers

"As I have repeatedly stated to other shareholders, the process of investigating the process of redomiciling does not mean that the Board has formally decided to redomicile to the US."
Hmmm, wouldn't you do your homework about redomiciling before making it known to your pool of shareholders, or where they trying to create mass hysteria!

"We expect this important issue will be discussed at length at the AGM in May and these discussions will be helpful to the Board in making an informed and balanced decision."
As some have stated on here, here is Tony D stating the smoke screen will tie up a substantial amount of time during the proceedings, minimising the time available for people to ask the important questions and get the answers they deserve.


Similar to what others have stated here, and imo, the redomicile topic should not be discussed at the agm. There really is no decision by management to redomicile, so this should not take up any valuable time at the AGM. Only the hard questions need to be asked about revenue, licences, etc, otherwise we run out of time and have those important questions left unanswered or just avoided. The pressure should be kept on the real problems that the company is facing right now, over anything else.
 
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MDhere

Top 20
"As I have repeatedly stated to other shareholders, the process of investigating the process of redomiciling does not mean that the Board has formally decided to redomicile to the US."
Hmmm, wouldn't you do your homework about redomiciling before making it known to your pool of shareholders, or where they trying to create mass hysteria!

"We expect this important issue will be discussed at length at the AGM in May and these discussions will be helpful to the Board in making an informed and balanced decision."
As some have stated on here, here is Tony D stating the smoke screen will tie up a substantial amount of time during the proceedings, minimising the time available for people to ask the important questions and get the answers they deserve.


Similar to what others have stated here, and imo, the redomicile topic should not be discussed at the agm. There really is no decision by management to redomicile, so this should not take up any valuable time at the AGM. Only the hard questions need to be asked about revenue, licences, etc, otherwise we run out of time and have those important questions left unanswered or just avoided. The pressure should be kept on the real problems that the company is facing right now, over anything else.
Agree HG however I am guessing that under all the NDAS that the board has to be hush hush on they don't see any problems because of these NDAS but we on the other hand are blind as a bat and waiting for those fluffy words of watch the financials and explosion of sales, this to me is the problem that the board needs to face even though they knows what's behind that curtain of NDAs. This Agm will be interesting. Bring on 2 more days of maybe just maybe one or two rabbit tricks that we all been waiting for..... def need some solid positive vibes.
 
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Agree HG however I am guessing that under all the NDAS that the board has to be hush hush on they don't see any problems because of these NDAS but we on the other hand are blind as a bat and waiting for those fluffy words of watch the financials and explosion of sales, this to me is the problem that the board needs to face even though they knows what's behind that curtain of NDAs. This Agm will be interesting. Bring on 2 more days of maybe just maybe one or two rabbit tricks that we all been waiting for..... def need some solid positive vibes.
Im going to my 1st AGM isn’t that positive enough

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manny100

Top 20
Hi Manny,

Thanks for your response!

You say while our reach is broader, in addition "ours is a harder nut to crack" and yet we don't have anywhere near the money in reserve that WBT does?

All I'm suggesting is that the opportunity for shareholders to ask the difficult questions of management presents itself now at the AGM.

These difficult questions need to be respectfully asked and answered IMO.
Hi Bravo,
I agree BODs should be accountable and should be questioned.
The AGM will be interesting.
I mentioned that a comparison between WBT and BRN in 5 years will be interesting. See my earlier post on estimated time frames for AI adoption.
Up until now it's 1%.
2025 to 2030 its estimated at 50% Adoption.
That is an exponential increase.
The next 5 years are make or break for BRN and holders.
The company is aware of this. They are of course extremely confident of the 'make it' side.
Renesas is an extreme example of the Early Adopter lengthy sales cycle.
Licence Dec 2020, chip taped out with a "3rd party" in Dec'22 and still waiting for revenue. But it will come.
I understand its frustrating.
As we move through the cycle the timeframes for adoption will significantly decrease.
Until we see decent sized bookings closed BRN will be classed as a spec stock - no doubt.
That is the punt investors take.
Will BRN 'make it' big in the next 5 years when AI is expected to grow exponentially?
We hold, buy or sell according to our personal view on that question.
For some its avoid. For others its a chance to accumulate early in the cycle.
I am patient, positive and personally bullish but I accept we are all different and have different views. Hence banter.
 
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IloveLamp

Top 20
1000005469.jpg
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GStocks123

Regular
Refreshing to see Qualcomm are still interested in low power SNN’s

 
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Ethinvestor

Regular
I was watching on youtube about - Nvidia packs big AI power into a small, affordable package with the Jetson Orin Nano Super Developer Kit, priced at just $249. - surely impressive


So i decided to ask chat GPT…
How is jetson nano compare to akida chips?

Answer:
The Jetson Nano and Akida chips are both designed for AI processing at the edge, but they differ significantly in architecture, use cases, and performance profiles:

1.
Architecture & Design Philosophy
  • Jetson Nano (by NVIDIA):
    • GPU-centric architecture (Maxwell GPU with 128 CUDA cores).
    • General-purpose edge AI module running Linux.
    • Supports standard deep learning frameworks (TensorFlow, PyTorch, etc.).
    • Best for prototyping and running complex CNNs or DNNs.

  • Akida (by BrainChip):
    • Neuromorphic processor (inspired by the human brain).
    • Event-based processing and spiking neural networks (SNNs).
    • Extremely low power (microwatt to milliwatt range).
    • Purpose-built for ultra-low-power AI tasks like anomaly detection, sensor fusion, etc.
2.
Performance & Power
  • Jetson Nano:
    • Higher compute throughput.
    • Power usage: 5W–10W range.
    • Suitable for vision-heavy workloads like object detection/classification.

  • Akida:
    • Much lower power (as low as 100 microwatts for inference).
    • Less raw performance but highly efficient on small, sparse data.
    • Ideal for always-on edge applications like IoT, wearables, and health monitoring.

3.

Software Ecosystem
  • Jetson Nano:
    • Full Linux OS, access to NVIDIA JetPack SDK, deep learning libraries.
    • Easier for general AI developers and supports mainstream training/inference pipelines.

  • Akida:
    • Custom SDK with a focus on spiking neural networks.
    • Less general-purpose; steeper learning curve if you’re used to standard deep learning.
4.

Use Case Fit
  • Jetson Nano: Great for robotics, smart cameras, drones, and developer prototyping.
  • Akida: Ideal for power-sensitive edge devices like health monitors, security sensors, and embedded analytics where energy efficiency is critical.
 
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7für7

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Bravo

If ARM was an arm, BRN would be its biceps💪!
Screenshot 2025-05-03 at 9.42.00 am.png
 
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jrp173

Regular
"As I have repeatedly stated to other shareholders, the process of investigating the process of redomiciling does not mean that the Board has formally decided to redomicile to the US."
Hmmm, wouldn't you do your homework about redomiciling before making it known to your pool of shareholders, or where they trying to create mass hysteria!

"We expect this important issue will be discussed at length at the AGM in May and these discussions will be helpful to the Board in making an informed and balanced decision."
As some have stated on here, here is Tony D stating the smoke screen will tie up a substantial amount of time during the proceedings, minimising the time available for people to ask the important questions and get the answers they deserve.


Similar to what others have stated here, and imo, the redomicile topic should not be discussed at the agm. There really is no decision by management to redomicile, so this should not take up any valuable time at the AGM. Only the hard questions need to be asked about revenue, licences, etc, otherwise we run out of time and have those important questions left unanswered or just avoided. The pressure should be kept on the real problems that the company is facing right now, over anything else.

Humble Genuis i totally agree. This nonsense of redomicle is purely to defer and distract. How could anyone discuss this at the AGM when no details have been given.

They are just trying to distract shareholders from real issues like the remuneration report and lack of sales...

I hope people don't fall for it, otherwise nothing will be discussed at the AGM except this, and it will be absolutely pointless, but great for BRN as they'll get off the hook yet again!
 
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Frangipani

Top 20
New repository set up yesterday on GitHub by NeuroSyd with the title:

Akida-Seizure.

Nothing added as yet but you'd suspect given what they do at the facility it would be our Akida they either been or will be playing with.



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Hi @Fullmoonfever,

I found this October 2024 paper titled “Neuromorphic neuromodulation: Towards the next generation of closed-loop neurostimulation” - co-authored by Omid Kavehei - that describes what the research relating to the NeuroSyd GitHub repository is likely going to be about.


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Does Table 1, where Akida is falsely labeled as analog, seem somehow familiar?!

Turns out it was you who commented on this error after you had spotted that same table in an earlier version of that paper by the same co-authors in August 2023:

https://thestockexchange.com.au/threads/brn-discussion-ongoing.1/post-338409

76C13F91-60BB-44E4-B066-74E71941CA44.jpeg


One of the co-authors happens to be Jason Eshraghian, who has been a Member of our Scientific Advisory Board since August 2024 and was a guest on one of the “This is Our Mission” podcasts shortly after the above 2024 paper was submitted (3 May 2024). I trust he has since found out that Akida is digital.

A corrigendum would have been nice, though.
But maybe he is too busy with other things, such as collaborating with Intel Labs’ researchers on this recent paper titled “Neuromorphic Principles for Efficient Large Language Models on Intel Loihi 2”?



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HopalongPetrovski

I'm Spartacus!
View attachment 83614


A committee? Are you serious? This isn't the boys scouts or your local footy team, this is an ASX listed company regulated by ASIC.

Reminding you of your original comment - as regards the vote I am certain the Board would demand a unanimous vote on the proposed domicile....

NEDs have a legal obligation to act in the best interests of the company and its shareholders, and to exercise reasonable care and diligence. The board can not demand or dictate how a NED votes.

If the Board can "demand" and therefore dictate how directors vote, why do we have 4 non executive directors getting paid from a $700,000 salary pool (not including bonuses). The NED's role would be absolutely pointless if what you wrote was true (which of course it is not).

You are just embarrassing yourself now.
Buddy, you can quote bible verse if that floats your boat.
I'm talking lived experience.
And it wasn't in the boy scouts or with the local footy team, which I'm sure are both fine institutions.

But coming back to the topic at hand, which you seem rather eager to ignore in your rather rabid enthusiasm for Liebeskind.
Why hasn't he make a public appeal for our votes?
Is he afraid?
Is he too lazy?
Is he too good to talk to regular shareholders?
 
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Slade

Top 20
Hi Bravo,
I agree BODs should be accountable and should be questioned.
The AGM will be interesting.
I mentioned that a comparison between WBT and BRN in 5 years will be interesting. See my earlier post on estimated time frames for AI adoption.
Up until now it's 1%.
2025 to 2030 its estimated at 50% Adoption.
That is an exponential increase.
The next 5 years are make or break for BRN and holders.
The company is aware of this. They are of course extremely confident of the 'make it' side.
Renesas is an extreme example of the Early Adopter lengthy sales cycle.
Licence Dec 2020, chip taped out with a "3rd party" in Dec'22 and still waiting for revenue. But it will come.
I understand its frustrating.
As we move through the cycle the timeframes for adoption will significantly decrease.
Until we see decent sized bookings closed BRN will be classed as a spec stock - no doubt.
That is the punt investors take.
Will BRN 'make it' big in the next 5 years when AI is expected to grow exponentially?
We hold, buy or sell according to our personal view on that question.
For some its avoid. For others its a chance to accumulate early in the cycle.
I am patient, positive and personally bullish but I accept we are all different and have different views. Hence banter.
The next 5 years are make or break for BRN shareholders 😂 The next 5 years are 6ft under for some long term holders.
 
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jrp173

Regular
Buddy, you can quote bible verse if that floats your boat.
I'm talking lived experience.
And it wasn't in the boy scouts or with the local footy team, which I'm sure are both fine institutions.

But coming back to the topic at hand, which you seem rather eager to ignore in your rather rabid enthusiasm for Liebeskind.
Why hasn't he make a public appeal for our votes?
Is he afraid?
Is he too lazy?
Is he too good to talk to regular shareholders?

From the AMG Meeting Notice ASX Announcement on 1 April, Section 11.....you can read all about Steve Liebeskind..

For some reason I don't hear you demanding more information from Le or Garrick. Why are you not demanding that they come out publicly to justify why they should be re-elected? Their suitabillity/qualifications were covered under Section 7 and 8, just the same as Steve Liebeskind in Section 11.

For some reason it's ok for them but not okay for Liebeskind...

As I said previously, I am a long term concerned shareholder who wants change, and I believe Steve Libeskind is a good starting point to achieve that.

People will vote as they like, but don't act like it's a blackhole around Steve Liebeskind. He's previously been a NED for Brainchip, and you can see his information attached to the AGM notice.

His email address has also been published, and you can easily contact him in LinkedIn. It's for you to decide if you want to do this or not..

I have contact him and I like what I hear, so I will continue to ask people to at least consider his qualification to be a NED, instead of just doing what BRN tell you to do.

Why are they so afraid to have him as a NED?? What would be wrong with introducing another (or replacement) NED who will question the status quo at BrainChip?







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