BRN (ASX) 2021 BRN Discussion

Originally posted by SERA2g: ↑

Hi all

Quick update on this. The presentation was last night and Adam Osseiran spoke really well. He arrived at the event 45 minutes early and hung around for an hour afterwards mingling with everyone before doors closed.

Super friendly and approachable guy.

The presentation was mostly about the history of brainchip and high level about what the tech is and what it use cases are. The presentation itself was very similar to the recent OTC Investor Presentation.

Key takeaways for me which I'm not sure are updates on what we already know, but please let me know if they are:
The first production run is completed. The chips have already been accounted for in regards to which customers will receive them. They are currently undergoing testing and will be sent out in the next month.
The chips have 1.2million neurons in them. Under the NaNose use case, the chip only required 500 neurons to be able to test for and diagnose covid positive patients. (Imagine what it could do if it used all 1.2million neurons)
The chips can be interconnected (not sure if that's the right term - I'm not a techy) and so if a customer wanted to use more than 1.2million neurons they could. The example was that if they needed 36million neurons to achieve something they could connect them all and be able to achieve the desired outcome.
Brainchip often speaks of beneficial AI, and again Adam did so last night. (Segway - I listened to the latest podcast lastnight after the event and noticed that Rob Telson used the term beneficial AI more times than I've had hot dinners). Anyway, Adam said that brainchips primary goal is to improve beneficail AI but that they can't control what their customers do with the IP. The conversation then steer towards combat drones etc and that it could serve a purpose if thats what a customer wanted the IP for.
Further to above, he was later discussing the use cases of our IP in general. There was a slide up which showed 7 or 8 markets which our chip can be used within, those markets all having heaps of sub-sets. I've seen the slide somewhere but can't seem to find it now. From memory, it had Smart Cities, Automotive, Industry, Cyber Security etc. When he was discussing automotive he said autonomous vehicles and "drones", he then paused and corrected himself, "civil drones".
Adam is on the Hydrogen Society of Australia board. Outside of his presentation in general discussion, he spoke about someone on the board (not sure who) having involvement with a Hydrogen group in Europe. That member has some connections to Elon Musk and is trying to organise an event here in Australia which would be attended by Elon Musk and Twiggy Forest, the premise being renewables and Hydrogen. Not sure if relevant but potentially another dot toward Elon having some awareness of BRN.

Update to original post.

Adam mentioned that the chips have 1.2million neurons due to budget constraints. They could technically have more if there was a market for that.

Cheers all

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Absolutely amazing breakdown SERA2g!
An easy read that can’t do much more than get you excited!
Thank you for your time taken, huge reassurance for all that are assured but more so for those looking to commit to their future.

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Last 18.0¢		Change -0.010(5.26%)		Mkt cap ! $352.6M

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Absolutely amazing breakdown SERA2g!An easy read that can’t do...

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