BRN Discussion Ongoing

[Rach2512]

[#2 of 75+] See MosChip’s #EdgeAI Driver Drowsiness & Behavior Model in action. | MosChip®

[#2 of 75+] See MosChip’s #EdgeAI Driver Drowsiness & Behavior Model in action. This Edge AI base model is part of the #MosChipDigitalSky GenAIoT technology suite, ready to be deployed for your next AI/ML based solution. Hey, have you checked out our #ADAS model? Head over to our page and...

www.linkedin.com

Interesting theme 1st half of 2022, I wonder what else might appear soon.

Media Alert: BrainChip and MosChip to Demonstrate Capabilities of Neural Processor IP and ASICs for Smart Edge Devices at IESA AI Summit

Experience the incredible power of neural processor IP and ASICs for smart edge devices at the IESA AI Summit.

brainchip.com

 

[Rach2512]

How Edge AI is Redefining Data-driven Decision Making in Industrial Automation

Integration of AI, cloud computing, and edge technologies is driving a new wave of innovation in industrial automation. While most traditional IoT solutions still rely on basic telemetry, collecting data from edge devices and storing it centrally, modern approaches are moving well beyond this.

www.linkedin.com

 

[AusEire]

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your thoughts.

Tbh I dunno if there's ever been any clarity on the outlook surrounding revenue?

I was at the presentation and the AGM and from my interactions with with mostly Antonio his excitement is pretty obvious. I'll concede that he has been excited every year but there was something different about his excitement this year. Maybe I'm reading him wrong but that's the general feeling I got from the guy. I did speak to Sean but it was mostly small talk as he had about 4/5 shareholders quizzing him continuously for for 15/20 after the meeting had finished.

On another note I pressed Antonio on the issue of the company blocking access to the shareholder register. He was completely blindsided by that issue and was genuinely not aware that there was an issue. I'm going to email him this weekend and give him a full rundown on events. 2 other shareholders were present when I quizzed him and both shared my anger and concerns on the issue. He said once I email him that he will investigate what happened and why(we know why). If his answer satisfies me I'll post it here or if I feel it's just a response to get rid of me then I will call him I pre warned him on that

 

[ChipMan]

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your thoughts.

Cybersecurity, if you think our CEO is not confident

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your thoughts.

you say less confident than last year, says it all really, sell up and come back in 2027

 

[jrp173]

Yes, I watched both the AGM and Dr. Tapson's roadmap presentation. I agree that the team is genuinely excited about Akida 2 and future iterations. The potential of the Akida is huge, and I definitely believe in what it can achieve, thats why I'm heavily invested. However, from a commercial revenue standpoint, the outlook remains unclear over the next 12-18 months.

The enthusiasm within the company for the product technology is clear, but translating that into market traction seems to be a much more complex process than initially anticipated. And thats what I could sense from management in the AGM. They are frustrated. They are frustrated because they know they have an amazing product, but one that is taking a lot longer for the market to start adopting it. And thats where I feel the lack of confidence was stemming from. Hence why I'm suggesting that we should start seeing commercial success from 2027-2029. If that makes me a dumb arse then so be it. But I prefer to be realistic.

Chipman - let me know where you think significant revenue is coming from before 2027. Keen to hear your thoughts.

No not dumb arse at all.

We're all entitled to our opinions and you've raised valid points, as we've seen no significant revenue so far!

 

[Jacob Kiraz]

The talk is around the fact that at the AGM, Antonio stated that the "goal" for Sean in Bookings for 2025 is $9M. This is something new for BRN, as in the past they have never actually told shareholders what the dollar value of the various goals were..

So take 2024 in the table below for Sean's "Target" bookings, if he did not achieve the goal, he still got 50% of his bonus, if he met the target he got 100% of his bonus, but shareholders did not know the dollar value of his bookings target (for Sean or any one else receiving bonuses).

So telling shareholders at the ATM that it is a $9M revenue target for Sean for 2025, is something new for BRN.

Just incase you didn't know as you mentioned you're new to this, a Booking is any paid or legally binding commitment to purchase goods and/or services from the company.

View attachment 84053

Thanks for your explanation and time

 

[manny100]

Under the Heading: The future is TENNs, our advanced state space model"
Listed on achievements was:
" We began the development and started to release the first wave of 12 TENNs models with more on the horizon"
I am aware of aTENNuate and TENNs- Pleaides so there is a lot still to be released.
Also,
" Before our next AGM our technical teams will achieve a ground braking milestone: the launch of the industry's first AI accelerator for State-Space models (SSM)"
Leader of the pack.

 

[manny100]

A new website will be unveiled shortly. " This will be followed by launch of a dedicated, developer focused companion site later this year"
"
This should expand our developer eco system.

 

[Falling Knife]

Lumi still offer the roadmap presentation if you cant wait for the release on the website.​

BrainChip Technology Roadmap Presentation​

It seems like the 'engine bay' is NOW ready for customers to play with, tweek and test out our wares in relation to their products.
Availability of model support and simpler set up will facilitate faster processes for the end user.
We seem to have been feeding them fish until now, we are offering them to learn how to fish going forward. Less 'hand holding'.


9 million bookings this year for the CEO as a KPI will be a good thing to see.
One might think employees are set achievable targets some might receive stretch targets I hope this is the former.
One would think 9 million is small change for this kind of tech but any money entering might be the ignition source we need.
I'm looking forward to seeing the changes to the web site which were also mentioned.
From cold dead hands I remain

 

[manny100]

Company overhauls product roadmap, targets sustainable revenue growth, expands patent portfolio.
Share Cafe summary of the AGM
BrainChip Eyes Edge AI Market Dominance - Sharecafe
"BrainChip Holdings Ltd (ASX:BRN) is strategically positioning itself to become a dominant force in the Edge AI market. At the Annual General Meeting, Chairman Antonio Viana and CEO Sean Hehir outlined the company’s ambitious plans for 2025 and beyond, emphasizing a robust product roadmap, increased commercial success, and a commitment to innovation. After acknowledging past inflexibility, BrainChip has overhauled its product offering, now boasting a suite of products designed to adapt to changing market conditions. The company has seen more engagements in the past five months than ever before, driving confidence in future bookings. A potential redomiciling is being investigated, with shareholders to decide on the best course of action.
CEO Sean Hehir highlighted the increasing demand for Edge AI solutions, fueled by the transition of Generative AI from data centers. BrainChip is focusing on State-Space Models (SSMs), particularly Temporal Event-based Neural Networks (TENNs), to establish leadership in Edge applications. The company secured four new patents and filed 16 additional ones related to TENNs.
Key achievements in the past year include partnerships with the Air Force Research Labs and Frontgrade Gaisler, along with collaborations with Onsor and Chelpis. The Akida Generation 2 platform has been enhanced to support a wider range of industry models, and the MetaTF framework has been streamlined to simplify customer model characterization. BrainChip aims to increase contract closure rates and values in 2025, targeting opportunities in LLMs, end-to-end audio, and object detection. The company is also developing Akida 3, a next-generation IP architecture designed for future model types and challenges. A new website and developer-focused companion site are set to launch, alongside increased marketing efforts. BrainChip believes the industry will consolidate to a handful of leading Edge AI providers, solidifying its position with each commercial win and product innovation."

 

[Cardpro]

Tbh I dunno if there's ever been any clarity on the outlook surrounding revenue?

I was at the presentation and the AGM and from my interactions with with mostly Antonio his excitement is pretty obvious. I'll concede that he has been excited every year but there was something different about his excitement this year. Maybe I'm reading him wrong but that's the general feeling I got from the guy. I did speak to Sean but it was mostly small talk as he had about 4/5 shareholders quizzing him continuously for for 15/20 after the meeting had finished.

On another note I pressed him on the issue of the company blocking access to the shareholder register. He was completely blindsided by that issue and was genuinely not aware that there was an issue. I'm going to email him this weekend and give him a full rundown on events. 2 other shareholders were present when I quizzed him and both shared my anger and concerns on the issue. He said once I email him that he will investigate what happened and why(we know why). If his answer satisfies me I'll post it here or if I feel it's just a response to get rid of me then I will call him I pre warned him on that

Antonio has previously implied that a single deal may turn us into a profit generating company but obviously it doesn't look like it will happen any time soon... (given Sean's target is 9Mill and give that figure was decided considering current engagements)...

By any chance, have you or anyone else managed to ask Antonio why he suggested during the AGM that they never specifically said it is the "US" that they are considering to redomicile? Even though the asx market sensitive announcement specifically said US..?

 

[Motty]

So his target is 9 million,
Is this revenue or a IP signing
I'm new to this game and if someone could explain all this 9 million dollars talk around Sean Heir please

You’re kidding me mate. How many times you going to ask others to do your research. Don’t you read the posts on the thread. Surly you understand the question you have asked is one and the same. I find it very comical what you’re trying to achieve, bordering on stupidity. FYI Muppets are on Seaseme Street tomorrow morning. Go PIES.

 

[Jacob Kiraz]

You’re kidding me mate. How many times you going to ask others to do your research. Don’t you read the posts on the thread. Surly you understand the question you have asked is one and the same. I find it very comical what you’re trying to achieve, bordering on stupidity. FYI Muppets are on Seaseme Street tomorrow morning. Go PIES.

It's a forum mate,
I asked a question and someone was nice enough to answer myself,
I was at the AGM And I didn't quite get it so what,
Forums should be friendly and informative

 

[Bravo]

It's a forum mate,
I asked a question and someone was nice enough to answer myself,
I was at the AGM And I didn't quite get it so what,
Forums should be friendly and informative

You said "Forums should be friendly and informative".



But they should also be fun sometimes!

 

[manny100]

A pr

Antonio has previously implied that a single deal may turn us into a profit generating company but obviously it doesn't look like it will happen any time soon... (given Sean's target is 9Mill and give that figure was decided considering current engagements)...

By any chance, have you or anyone else managed to ask Antonio why he suggested during the AGM that they never specifically said it is the "US" that they are considering to redomicile? Even though the asx market sensitive announcement specifically said US..?

Why would you focus on the apparent 'gaffe'. Everyone makes them. Seems 'small picture' In relation to the business there is so much going on.
For example BRN has developed a prototype AKIDA model for TENNs/LLMs that should be ready in 12 months. That is huge especially when you consider Pico runs off TENNs.

 

[DK6161]

Agree, business wise it was very promising. All the 'he said/she said' carry on is just a smoke screen from the traction that we are gaining.
Many building early-stage companies have a bit of fire and brimestone at AGM's.
Best to keep or eyre on the business side of things.

Agreed. There shouldn't be any expectation at the very early stage for a disruptive tech company. Even 2034/35 seems a bit too early to expect any steady stream of revenue. I am happy to add another 5 of 6 years on top of that to give them a chance to double the current share price.
Akida everywhere
Not advice as always.

 

[Motty]

You are right, they should be informative and friendly, that’s why I informed you your question was bordering on stupidity ( informative) and I called you mate ( friendly ) Have an awesome night mate.

 

[Cardpro]

A pr

Why would you focus on the apparent 'gaffe'. Everyone makes them. Seems 'small picture' In relation to the business there is so much going on.
For example BRN has developed a prototype AKIDA model for TENNs/LLMs that should be ready in 12 months. That is huge especially when you consider Pico runs off TENNs.

My point was that there has always been some sort of expectation for the revenue ...... it's not a brand new idea that a business generates revenue... actually, the expectation was there even before Akida....... I even remember back in like 2018 or before people were wondering whether we r in Amazon Alexa lol...

 

[jrp173]

It's a forum mate,
I asked a question and someone was nice enough to answer myself,
I was at the AGM And I didn't quite get it so what,
Forums should be friendly and informative

Mate I'd ignore the person being obnoxious to you.

You'll soon see on this forum if you don't post what people like or if they disagree with you, then you are treated rudely or told to leave. Just ignore. Ask as many questions as you like, this is a public forum and I'm sure there are plenty who will answer questions if they can.

 

[jrp173]

A pr

Why would you focus on the apparent 'gaffe'. Everyone makes them. Seems 'small picture' In relation to the business there is so much going on.
For example BRN has developed a prototype AKIDA model for TENNs/LLMs that should be ready in 12 months. That is huge especially when you consider Pico runs off TENNs.

Manny to call this a "gaffe" is an understatement.

Should we not expect our Chairman, who was actually quoted in the announcement to know what he is talking about? Should we not expect accurate information?

This was an ASX released price sensitive announcement.

Personally, I like correct and factual information from our Execs and NEDS.

As already posted it speaks volumes that no-one from BrainChip through they should intervene to stop the train-wreck around the re-domicle questions...