BrainChip (ASX:BRN) ends December quarter with more than A$1B in cash
  • AI technology provider BrainChip (BRN) has released its December 2019 quarterly report
  • The company ended the quarter with more than $1 billion in cash and cash inflows of more than $530,000
  • BrainChip also attended two conferences and held a workshop for its Akida machine learning device that mimics human brain spiking commonly seen in epilepsy
  • In midday trade BrainChip's share price is up an even two per cent with shares trading for 5.1 cents apiece

AI technology provider BrainChip (BRN) has released its December 2019 quarterly report.

The company ended the December quarter with US$7.6 million (AUD$1.12 billion) in cash and had cash outflows of US$2.54 million (AUD$3.76 million).