Yep! That's me!
Did you know you're allowed to change your sentiment on a stock?
I'm not holding because I think the BRN share price is overvalued. Why is that surprising?
The IP has been available to the market since June 2019?
18 months of availability and there's still no customers?
LDN said
IP revenue might come "
long before" the chip is out? That never happened?
But, LDN has said a lot of things along the way that never came to pass? Oh well?
BrainChip Announces the Availability of Advanced AI Intellectual Property (June 18, 2019)https://www.globenewswire.com/news-release/2019/06/18/1870253/0/en/BrainChip-Announces-the-Availability-of-Advanced-AI-Intellectual-Property.html"BrainChip Holdings Ltd (ASX: BRN), the leading AI EDGE company, today announced the availability of the Company’s Akida Neural Processing Core (“NPC”) as
intellectual property available for licensing. This introduction marks a major development in the Company’s market presence.
The Akida NPC is now
available to license as an IP block for incorporation into ASICs provided by semiconductor suppliers developing Artificial Intelligence enabled “Edge” devices. Applications at the edge include intelligent environmental controls, driver safety monitoring, vehicle safety and preventative maintenance, medical image classification, wearable health monitors, retail item recognition, access control, the industrial Internet-of-Things (IoT) and acoustic analysis."
September 2018 Quarter Update (November 07, 2018)https://www.finnewsnetwork.com.au/archives/finance_news_network201160.html"Fortunately for us, the contact that we've had in the cellphone space is not to buy an Akida chip. If you tear open your cellphone you're only going to find three or four ICs or integrated circuits in your cellphone. Each of the majors and again you can think about everyone from Apple, to Huawei, Samsung, ZTE, all of them have their own internal IC development capability and they build their own applications processors in many cases. What they would look to us for is the
Akida IP block.
You basically sell your design the IP block only those pieces that they need when we look at the architectural design of Akida, they wouldn't need a lot of the things that are on there. They'd need neuron fabric, they need the data to spike converter for whatever the specific use case is, but they would then take that design and they would incorporate it in their own silicon, their own processor that they're building.
Very nice part about this is it
could lead to revenue for Akida long before we even have our own IC. If you intersect with one of these companies and you have a compelling case, smaller footprint meaning less dye area, consumed with a spiking neural network rather than what they may be do with a convolutional neural network now, much lower power. Again increasing battery life basically when you think about power it's all about battery life."
December 2018 Quarter Update (February 01, 2019)https://www.finnewsnetwork.com.au/archives/finance_news_network221917.html"We've also got engagements and I just say this tangentially with manufacturers of laptop, computers and cell phones. They kind of like edge devices and that they're not connected to the data centre either through a local area network or a WI-FI connection. But being able to bring artificial intelligence in the way of an SNN, which is low power, low size, low cost into a cell phone or into a laptop, would likely be an intellectual property sale. And that they're not going to put another chip in a cell phone, but they would license our intellectual property. We give them the design, they put it into their own larger system on a chip while our chip is, we call it a system on a chip and it is. It is a dedicated function in a cell phone. You know, they're building a dedicated applications processor, which could be 10 times the size of real estate, that our system on a chip is.
But that
intellectual property sale would carry an immediate licence and an ongoing royalty. This again is one of those areas where
long before we get the chip out, we could be generating revenue on the Akida intellectual property. With the Akida development environment, we may have an opportunity to take the development environment, put a wrapper around it for specific use cases, whether it's cybersecurity or whether it's, you know, something in the IOT space, but be able to generate revenue off of the development environment as a custom solution for a very specific use case, or intellectual property for integration into a larger SOC. These are important transactions, again, because they could
generate revenue from Akida in advance of actually releasing the neuromorphic system on a chip."
(20min delay)