BRN 2.22% 22.0¢ brainchip holdings ltd

Agreement with Ford Motor Company for the Evaluation of AkidaTM...

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    Agreement with Ford Motor Company for the Evaluation of AkidaTM Neural Processor

    On 24 May 2020, the Company signed a joint agreement with Detroit-based Company for evaluation of the Akida neural network System-on-Chip for Advanced Driver Assistance Systems & Autonomous Vehicle applications.

    The evaluation agreement was binding on execution which was signed into with Ford Motor Company and is not the subject of a fixed term. The deal is based upon a partnership to assess Akida as it relates to the automotive industry & payments under the agreement proposed to cover related expenses and received periodically during the evaluation process.

    https://brainchip.com/brainchip-ai-player-on-roll/

    Why not. The CEO Sean Hehir has said as recently as the last AGM in May that AKIDA has not lost out in any technology assessment and Mercedes stated it was 5 to 10 times more efficient than any competitor solution.

    My opinion only DYOR

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