BRN brainchip holdings ltd

Ann: Appendix 4C and Quarterly Activities Report, page-45

  1. Wheres can this UPI article be found that everyone keeps referring to??

    The Drudge report times out.
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  2. Looking for stoploss on line.
    AOTonline? Challenger.com? Any others? AOT seems reasonable, $33 trade, $49.95/month, free if more than 8 trades/month. If database isn't accessed then $0/month. Seems reasonable, any opinions?
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  3. These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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  4. Metals & Mining SECTOR NEWS

    Global Rights to Transformative Technology for PV Solar Cell Recycling Secured

    18 Jun 2025 LITHIUM UNIVERSE LIMITED

    LU7 acquires global rights to transformative PV recycling technology from Macquarie University, targeting higher material recoveries from solar waste and backed by $1.7M in investor commitments. The technology... Read more

  5. =http://www.geocities.com/barrybolton187/lok.jpg>
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  6. =http://www.geocities.com/barrybolton187/lok.jpg>
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  7. not so stupid now Up 10% Gobs baby, when's the big sell off due? I would have thought a hotshot trader like yourself would be all over this one, the greatest trading stock on the ASX for mine.
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  8. re: not so stupid now I made $1500 for two days Crackedhead, and will do it again and again, what's your problem? What can you offer mate, beside an insight into your diminished intellect?
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  9. re: not so stupid now Yeah, right peanut, aren't you the mega trader? Pity you have no credibility here or anywhere else, you rude little schoolboy. Get a job and stop bugging people....
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  10. look who's stupid now Mate, that might impress your friends in primary school but we can do without it here, go away, far away, and grow up. Just another multi-nicked dickhead aren't you?
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  11. re: not so stupid now**hey big ears**** You got me there big fella,
    I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
    regards

    Check out what the big money was doing during the fall.

    http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D
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  12. Hotcopper has not changed in my absence....
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  13. There are infinite ways to lose money......infinite ways. Believing those in power, whether your politician, company director, or policeman are some of the dead set surest ways.
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  14. Load of crock? Load of crack more like.
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  15. Great user name, Colin.....where'd you pull that one from? Your behind?
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  16. sandune, you come across as being so deluded by hate.

    The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!
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  17. Very direct, and good post. It's only others that will feel the shame for the directors TSS.

    A leopard does not change its spots, nor a tiger its stripes.

    Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.
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  18. I have seen hundreds of posts that ARE defamatory against different parties.

    My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.

    It is easy to see where the influence and control over this forum has initiated.

    So, if that's the way the moderators are going to run this forum, I won't be contributing.



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  19. rogerm, while you've deciphered the good and bad posters, have you also pigeon holed the ones that have fallen in love with the stock and reject any opinion other than the one they want to hear?
    It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
    PEN is very tradable, but not out of the woods by a long way imo.
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  20. So you can see both sides of the story matty.
    I'm in the same boat having traded PEN from time to time.
    It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
    What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
    If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
    Shame on many of you.
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  21. Maybe there are a lot of non sycophants that read the threads regularly without posting, and reach the point where they have to say something.
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  22. Agree seuss.
    I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.
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  23. I know. Maybe I didn't explain myself very well.
    There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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  24. I believe you'll find that we now have SUPPORT at 10c.
    Resistance technically may be at 11c, and once taken out convincingly, should keep going up again.
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  25. Do you have a 2.7 million deposit for a new home?
    As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000

    Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.

    Feeling sick enough yet?
    Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.

    So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!

    Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?

    To make your appointment for Perthites, and just for a sick session for others:
    http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829

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  26. tvp
    No answer from Arttse on that yet.......................
    Too busy working out which amigo is leaking at the moment, but appearing to be faithful on the forum???

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  27. We'd have loved to play with your mind GZ, but this one is just uniquely weird!

    We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!

    I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
    Hmmm. That's my best conspiracy theory for now!
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  28. I am guessing that the ASX are giving them grief again, because on page 5 of the presentation, they obviously had the numbers prepared, that were going to be released in time for the AGM. (Obviously again is my guess)

    I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
    I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.

    The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.

    Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
    This is just copied form under the announcement and may have been put there to fool us anyway!

    30.3mt @ 1.7% CuEq
    (0.8% cut-off) Measured and Indicated
    97.9mt @ 0.96% CuEq
    (0.4% cut-off) Measured and Indicated
    272.9mt @ 0.62% CuEq
    (0.2% cut-off) Measured & Indicated and inferred
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  29. I find that post rather repugnant and cynical cusox.
    Right now, imo it's a buy.

    What does that have to do with anything else?
    Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper

    If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
    Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?

    It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
    We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.

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  30. Shadow, that is bull dust, and you know it.
    If you can't remain more neutral, you should get a green tick and post for the company.
    You simply can't give a value on it without ALL the information.
    Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.
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  31. No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.

    However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,

    Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.

    Cheers

    OI NQ , how they hanging?

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  32. Announcement from ERM has made my day. :)

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  33. re: retrace watch out below The reason people are buying into this is because it looks as if they do have a world class resource....if that is the case this stock is very undervalued at current levels.
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  34. tvp
    Maybe this sheds some light on it ............................
    He was suspected of being Bendigo. Maybe the mods worked it out.

    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:27 - 236 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529197 - in reply to msg. #529196 - splitview

    piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:29 - 236 reads
    Posted by bigdump
    IP 210.49.xxx.xxx
    Post #529199 - in reply to msg. #529188 - splitview

    so who should be ashamed of themselves
    it squite ironic !
    Isn't talking to ones self a form of madness





    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:30 - 246 reads
    Posted by diatribe
    IP 203.51.xxx.xxx
    Post #529201 - in reply to msg. #529199 - splitview

    fark u 2 fool ramper

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:35 - 242 reads
    Posted by trade4profit
    IP 144.139.xxx.xxx
    Post #529204 - in reply to msg. #529197 - splitview

    diatribe...

    Here are the posts you refer to "6 - 8 weeks ago"...

    ---

    Subject copper strike.. have struck copper
    Posted 17/01/05 16:17 - 132 reads
    Posted by bendigo
    Post #486328 - start of thread - splitview

    Good announcement today
    Promising new company
    Good board
    Good territory

    go the ASX website & check out the announcment.

    Cheers
    Bendigo

    ---

    Subject re: copper strike.. have struck copper
    Posted 17/01/05 16:32 - 112 reads
    Posted by NR
    Post #486342 - in reply to msg. #486328 - splitview

    all ready on them bendigo......awaiting further annonucements.......


    ---


    Subject re: copper strike.. have struck copper
    Posted 18/01/05 08:30 - 112 reads
    Posted by Dezneva
    Post #486665 - in reply to msg. #486328 - splitview

    Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.

    ---


    These were the first 3 posts ever on CSE.

    Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."

    Problem is, it was Bendigo he was replying to and not you!

    How do you explain that?

    Cheers!

    The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.

    Voluntary Disclosure: No Position Sentiment: None TOU violation






    Subject re: you should be ashamed of yourselves
    Posted 02/03/05 17:40 - 234 reads
    Posted by Rocker
    IP 220.253.xxx.xxx
    Post #529215 - in reply to msg. #529204 - splitview

    well picked up T4P


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  35. I get your drift joewolf.
    The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.

    Slampy, very interesting question, and one I am sure won't have gone unnoticed.

    Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.


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  36. I reckon you should all get a life personally!
    What a pack of losers you all are, obsessed with politics to the point of paranoia.
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  37. At this time of day, too many have run and will be sold off, so I look for one that's likely to run on Monday.

    CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.

    It's only just got back to price it should have been post consolidation, so that's in its favour.
    Very little to sell, I like that, as it will move quickly.

    Many won't have received the email yet as they're at work, etc.

    Read more here.

    http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO

    Looks good for next week. Be prepared!
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  38. 2,772 Posts.
    lightbulb Created with Sketch. 4898
    Hey my fiend, I feel & hear everyone's frustration. A lot was promised & if we look a lot of companies have made connections to the product but without material sales..

    One would ask why not? So I asked the one question that made sense to me.

    "Has the framework been there before to now to fully utilise akidas benefits? If not then it seems logical no ip sales have gone through & companies have therefore remained in beta test mode."

    The Answer is an algo's algo & deep speek so make of it what you will. ?

    Your question raises a critical point about whether the technological and market framework has been in place to fully utilize the benefits of BrainChip’s Akida neuromorphic processor, and whether the absence of such a framework explains the lack of significant IP sales and the prolonged beta testing phase by partner companies. I’ll analyze this by examining Akida’s unique capabilities, the historical and current state of the edge AI ecosystem, BrainChip’s commercial progress (US$398,000 revenue in 2024), and the implications for IP sales. I’ll also address whether the framework is now emerging, making IP sales more likely, or if gaps persist, keeping partners in beta mode. The analysis will integrate BrainChip’s financial context (4.2 quarters of cash runway, ~US$25 million, burning ~US$6 million/quarter) and its planned U.S. redomiciliation and NASDAQ listing by late 2025.
    Understanding Akida’s Benefits and Requirements
    Akida’s Unique Capabilities:
    • Neuromorphic Design: Akida mimics human brain processing using event-based, spiking neural networks (SNNs), processing only when data changes (e.g., sensor inputs). This delivers ultra-low power consumption (microwatts to milliwatts), ideal for edge AI applications like IoT, automotive, and wearables.
    • On-Device Learning: Unlike traditional AI chips requiring cloud retraining, Akida supports on-chip learning, enabling real-time adaptation without cloud dependency.
    • Efficiency and Latency: Akida’s event-driven approach reduces latency and power compared to GPU-based AI (e.g., NVIDIA Jetson), making it suitable for battery-powered devices and latency-sensitive applications (e.g., radar, autonomous vehicles).
    • Applications: BrainChip targets automotive (e.g., Mercedes, Valeo), industrial (e.g., RTX), consumer electronics (e.g., Renesas, MegaChips), and space (e.g., NASA), where low power and edge processing are critical.
    Framework Requirements to Utilize Akida:To fully leverage Akida’s benefits, the following ecosystem components are needed:
    1. Hardware Integration: Akida’s IP must be integrated into System-on-Chips (SoCs) by licensees (e.g., Renesas, MegaChips), requiring compatible processor architectures (e.g., ARM Cortex-M), sensors, and manufacturing processes.
    2. Software Ecosystem: Developers need tools (e.g., SDKs, frameworks like TensorFlow, PyTorch) to program SNNs, which differ from traditional neural networks. BrainChip’s MetaTF and CNN2SNN tools aim to bridge this gap, but adoption depends on ease of use.
    3. Market Readiness: End markets (e.g., automotive, IoT) must demand neuromorphic solutions, requiring standards, use cases, and customer acceptance of edge AI over cloud-based alternatives.
    4. Partner Commitment: Licensees and partners must move beyond evaluation (beta testing) to commercial production, integrating Akida into products and paying royalties or licensing fees.
    Has the Framework Been in Place Before Now?
    To assess whether the framework existed historically (pre-2025) and exists now, let’s break it down by the components above, analyzing why IP sales have been limited (US$398,000 revenue in 2024, down from US$500,000 in 2023) and why partners remain in beta mode.
    1. Hardware Integration
    • Pre-2025:
      • Status: The hardware ecosystem was partially in place but immature. BrainChip collaborated with ARM (joined Arm AI Partner Program in 2022), integrating Akida with Cortex-M processors (e.g., Cortex-M85 demo in 2023). Partnerships with Renesas (2021 tape-out of Akida 1000) and MegaChips (2022 licensing deal) showed progress, but integration into production SoCs lagged.
      • Gaps: Neuromorphic chips require specialized design flows, unlike standard AI accelerators (e.g., ARM Ethos NPUs). Licensees faced technical challenges adapting Akida’s IP to existing SoC designs, delaying commercial chips. Manufacturing partners (e.g., TSMC, GlobalFoundries) needed time to optimize neuromorphic processes, as seen with Intel’s Loihi challenges.
      • Impact: Limited hardware readiness meant partners like Renesas and MegaChips stayed in evaluation or prototype phases, testing Akida’s performance rather than launching products, contributing to low IP sales.
    • Now (2025):
      • Status: The hardware framework is improving. BrainChip’s Akida 2nd Gen (announced March 2023) supports advanced features like TENNs (Temporal Event-Based Neural Networks), enhancing compatibility with ARM and RISC-V architectures. The Intel Foundry Services partnership (2023) provides access to advanced nodes (e.g., 18A process), easing integration. Renesas and MegaChips are reportedly closer to production, with MegaChips targeting IoT and automotive markets.
      • Gaps: Full SoC integration remains a hurdle, as licensees must balance Akida’s benefits against cost and complexity. Competitors like SynSense (Zurich-based neuromorphic startup) face similar delays, suggesting industry-wide challenges.
      • Implication: The hardware ecosystem is more supportive now, but not fully mature, keeping some partners in beta mode.
    2. Software Ecosystem
    • Pre-2025:
      • Status: BrainChip’s software tools (MetaTF, CNN2SNN) were nascent, limiting developer adoption. Unlike TensorFlow or PyTorch, which dominate traditional AI, SNN programming requires specialized expertise. BrainChip’s tools aimed to convert convolutional neural networks (CNNs) to SNNs, but early versions lacked robustness, as noted in developer forums on X (2022-2023).
      • Gaps: The lack of a standardized SNN framework hindered partners’ ability to develop applications. Most AI developers were trained in GPU-based workflows, creating a learning curve for neuromorphic systems. This slowed beta testing, as partners struggled to validate Akida’s performance in real-world use cases.
      • Impact: Without accessible software, partners like Valeo or RTX remained in evaluation, testing Akida’s potential rather than building commercial applications, stalling IP sales.
    • Now (2025):
      • Status: BrainChip has improved MetaTF, with Akida 2nd Gen supporting vision transformers and deeper SNNs, per March 2023 announcements. Integration with Edge Impulse (2023) and Prophesee’s event-based sensors (2024) enhances the software stack, enabling developers to build vision and radar applications. Posts on X (April 2025) praise MetaTF’s usability, though adoption remains niche.
      • Gaps: SNN programming is still not mainstream, and BrainChip’s tools lag behind TensorFlow’s ecosystem. Developers need more training and open-source support to scale adoption.
      • Implication: The software framework is stronger but incomplete, limiting partners to advanced beta testing rather than full production.
    3. Market Readiness
    • Pre-2025:
      • Status: The edge AI market was growing (projected US$70 billion by 2025), but neuromorphic computing was niche. Automotive and IoT customers prioritized proven solutions (e.g., NVIDIA Jetson, Qualcomm Snapdragon) over experimental technologies like Akida. Early adopters like Mercedes (2022 concept car) and NASA (2023 neuromorphic research) showed interest, but commercial demand was low.
      • Gaps: Lack of industry standards for neuromorphic AI and skepticism about its benefits (vs. cloud AI) delayed adoption. Customers required extensive validation, keeping partners in beta mode. For example, Valeo’s radar testing (2023) focused on feasibility, not production.
      • Impact: Weak market pull meant licensees hesitated to pay upfront IP fees or royalties, resulting in minimal sales (US$398,000 in 2024, mostly from development kits).
    • Now (2025):
      • Status: Market readiness is improving. Edge AI adoption is accelerating, driven by privacy concerns, 5G, and autonomous systems. Neuromorphic computing gains traction in automotive (e.g., Mercedes’ Vision EQXX) and space (e.g., NASA’s radiation-hardened applications). BrainChip’s partnerships with RTX (radar) and Blue Origin (space) signal growing demand. The neuromorphic market is projected to reach US$4.8 billion (26.31% CAGR), per older estimates.
      • Gaps: Customers still demand proof of scalability and cost-effectiveness. Competitors like Intel’s Loihi and SynSense face similar adoption hurdles, suggesting neuromorphic tech is not yet mainstream.
      • Implication: The market is more receptive, but not fully ready, keeping partners in late-stage beta or pilot phases.
    4. Partner Commitment
    • Pre-2025:
      • Status: BrainChip secured 50+ partnerships, including Renesas, MegaChips, Valeo, and RTX, but most were exploratory. For example, Renesas’ 2021 tape-out produced Akida 1000 chips for evaluation, not mass production. MegaChips’ 2022 deal focused on IoT prototypes. Partners were cautious, testing Akida against alternatives like ARM Ethos or NVIDIA GPUs.
      • Gaps: Partners lacked confidence in Akida’s market fit and required extensive validation, delaying commercial commitments. BrainChip’s small scale (US$7.7 million R&D vs. Intel’s US$15 billion) raised concerns about support and longevity.
      • Impact: Prolonged beta testing meant no significant IP licensing deals, with revenue limited to development kits and small contracts.
    • Now (2025):
      • Status: Partners are progressing. MegaChips is reportedly nearing IoT product launches, per X posts (March 2025). Renesas is integrating Akida into automotive SoCs, and Valeo’s radar pilots are advancing. BrainChip’s NASDAQ listing plan signals confidence, potentially reassuring partners.
      • Gaps: Partners still hesitate to commit to large-scale licensing without proven ROI. BrainChip’s financial constraints (mid-2026 runway) may raise doubts about its ability to support long-term partnerships.
      • Implication: Partners are closer to commercialization, but full commitment awaits clearer market demand and technical validation.
    Why No Significant IP Sales?
    The lack of significant IP sales (US$398,000 revenue in 2024) and partners’ prolonged beta testing are directly tied to the incomplete framework before 2025:
    • Hardware: Integration challenges delayed production-ready SoCs, keeping Renesas and MegaChips in prototyping.
    • Software: Immature tools like MetaTF limited developers’ ability to build applications, slowing partner validation.
    • Market: Weak demand for neuromorphic AI forced partners to prioritize proven alternatives, extending beta phases.
    • Partners: Cautious commitment reflected technical and market uncertainties, with BrainChip’s small scale adding risk.
    Your logic is spot-on: without a robust framework, partners couldn’t fully utilize Akida’s benefits, remaining in beta mode to test feasibility rather than signing lucrative IP deals. Revenue from development kits (e.g., US$6,000-$15,000 each) and small contracts reflects this exploratory phase.

    Is the Framework in Place Now?
    As of April 2025, the framework is partially in place but not fully mature:
    • Hardware: Improved with Akida 2nd Gen, ARM/RISC-V compatibility, and Intel Foundry support, but SoC integration remains complex.
    • Software: MetaTF and Edge Impulse integrations are stronger, but SNN adoption lags behind traditional AI frameworks.
    • Market: Edge AI demand is rising, with neuromorphic use cases in automotive and space, but customers demand scalability proof.
    • Partners: Closer to commercialization (e.g., MegaChips, Renesas), but large-scale licensing awaits market validation.
    Implications for IP Sales:
    • The improving framework suggests IP sales are more likely in 2025-2026, especially if partners like MegaChips or Valeo launch products. For example, a single licensing deal with Renesas could generate US$1-5 million upfront, per industry norms, with royalties scaling later.
    • However, BrainChip’s cash runway (mid-2026) adds urgency. Without sales soon, it may need to raise capital (diluting shareholders) or consider a sale, as discussed previously.
    • The NASDAQ listing could boost visibility, attracting more partners and accelerating deals, but it won’t address technical or market gaps directly.
    Why Partners Remain in Beta:
    • Partners are in late-stage beta or pilot phases, validating Akida’s performance in real-world applications (e.g., Valeo’s radar, RTX’s defense systems). The framework’s gaps—software maturity, market demand, and integration complexity—explain their hesitation to commit fully.
    • Competitive alternatives (e.g., NVIDIA’s Jetson, Intel’s Loihi) offer more established ecosystems, slowing Akida’s adoption.
    Critical Perspective
    The absence of a complete framework before 2025 logically explains BrainChip’s lack of IP sales and partners’ beta mode, as you suggested. Akida’s benefits—low power, on-device learning—require a specialized ecosystem that was immature until recently. While the framework is improving (e.g., Akida 2nd Gen, MetaTF, market demand), gaps persist, particularly in software accessibility and market readiness. BrainChip’s financial constraints (4.2 quarters of cash) and speculative valuation (A$500 million, 830x price-to-sales) heighten the stakes. If the framework matures in 2025, IP sales could materialize, justifying the independent IP model. However, delays could force a sale to a firm like ARM, leveraging their ecosystem to unlock Akida’s potential. The next 12 months are critical for BrainChip to convert partnerships into revenue or risk insolvency.
    Conclusion
    The framework to fully utilize Akida’s benefits was not in place before 2025, explaining the lack of significant IP sales and partners’ prolonged beta testing. Hardware, software, market, and partner commitment gaps kept Akida in evaluation mode, with revenue limited to development kits. As of April 2025, the framework is stronger—improved tools, partnerships, and market demand—but not complete, keeping partners in late-stage beta. This supports your logic: without a robust ecosystem, commercial deals have been elusive. For BrainChip, the improving framework offers hope for IP sales in 2025-2026, but financial pressures suggest a sale to a firm like ARM may be the safer path to realize Akida’s value, as discussed earlier.

    AIOO dyor.. h8tey
    Last edited by Hateful8: 29/04/25
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  40. tvp
    re: it goes like this? Racey - it's on photobucket - you can get hte properties by right clicking it - I've just emailed it to my brother - a keen poker player!

    Salty - howsabout an email update please imo!!
    • *Removed* this post has been removed from public view
  41. What a fascinating thread reading back 3 months!

    Lots of reading today!
    So many people have so much information that they could and should email to us please......

    [email protected]

    • *Removed* this post has been removed from public view
 
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