"Is it risky still if Renesas and Megachips cover ongoing operating and and R&D costs?"
Yes, it is still risky. It's important to note the companies you mention have the right to use Akida IP, not the obligation to use it. Presumably they can change their mind at anytime. You should also note these companies are also dealing with multiple AI hardware companies in parallel.
Renesas
If Akida is so incredible and versatile, why did Renesas feel the need to enter into an agreement with BrainChip competitor Syntiant, 7 months after they signed the IP agreement with BrainChip?
https://www.renesas.com/us/en/about/press-room/renesas-and-syntiant-develop-voice-controlled-multimodal-ai-solution-combining-advanced-vision-and
MegaChips
If Akida is so incredible and versatile, why did MegaChips very recently feel the need to take a stake in another company which is also pursuing AI inference processing IC for edge devices
https://pdf.irpocket.com/C6875/uTXp/K6DA/HwSu.pdf
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