Key takeout from the update is in the Outlook summary at the end:
OutlookThe Company is proceeding with the Akida product development and engagements withearly access manufacturers to bring a first-in-kind product to market. The Akida NSoCenables AI Edge solutions for high-growth, high-volume applications that have been difficultto achieve with existing AI architectures.The Company competes in a large and growing market with other well-financed privatecompanies where time-to-market and performance are paramount for success. The Akidadevice for AI Edge applications is a major technology advancement. To support the primarygoal of leading the neuromorphic industry, the Company anticipates raising additionalcapital in the coming quarters to assist it to finalize the development of the Akida product.The Company will advise the market once it has settled appropriate arrangements to raisethat capital.
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