Unqualified optimists on this stock have some form of Stockholm Syndrome imo.
When BRN took over Spikenet the latter had legacy revs of about 500k Euros, under the expert management of DiNardo, this is now down to 4k USD a quarter, inclusive of new products, in a world still crying out for AI.
It looks now as though the chances of sig revs before the next CR are slim, laying us open to the danger of a bigger CLN that really crushes the SP. Few people are going to rush to invest if they think a CLN co will be converting stock at 60% of the subscription price a few weeks later, and that might be the optimistic scenario.
The jury is still out on SNN’s generally, large scale adoption will be dependent not just on improved H/w accelerators but on demonstrably better S/w, like er JAST, maybe... Anyone heard of any major advances made by SpiNNaker recently? Though not, Deepmind are still rolling out the headlines, however, if not the revenues.
Best case scenario we get a few at least nominal tie ups with a big name or 2 before the next CR. It’s looking tight tho.
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