BrainChip launched second generation Akidaâ„¢ platform; Shares up on ASX

Key highlights:

• BrainChip has launched the second generation of its Akida™ platform.
• This second generation of its Akida™ platform drives highly efficient & intelligent edge devices for the Artificial Intelligence of Things solutions (AIoT) and services market.
• BRN has also added Vision Transformers acceleration.

BrainChip Holdings Ltd (ASX: BRN) announced the launch of the second generation of its Akida™ platform. Following the release of this announcement, BRN shares jumped 17.647% and are trading at AU$0.600. 

This second generation of its Akida™ platform drives highly efficient & intelligent edge devices for the AIoT and services market that is expected to be worth more than US$1 trillion by 2030.

This hyper-efficient yet powerful neural processing system, designed for embedded Edge AI applications, adds effective 8-bit processing to go with advanced abilities like time domain convolutions and vision transformer acceleration for an unprecedented level of performance in sub-watt devices, taking them from perception towards cognition.

The second generation of Akida has Temporal Event Based Neural Nets spatial-temporal convolutions that supercharge the processing of raw time-continuous streaming data, like video analytics, target tracking, audio classification, analysis of health monitoring data like heart rate and respiratory rate for vital signs forecast and time series analytics used in forecasting, and predictive production line maintenance. These features are important and are required in industrial, automotive, digital health, smart home, and smart city applications.

Temporal Event Based Neural Net allows for radically simpler implementations by consuming raw data directly from sensors - drastically reducing the model size and operations performed while maintaining high accuracy. This can shrink design cycles and dramatically lower the cost of development.

The Company developed the second generation of its Akida™ platform based on the feedback given by the huge market engagement. BRN has expanded its sales organisation to become global. In that direction, the Company is currently focusing on executing more IP licence contracts and generating revenue growth over the coming years.

Besides this, the Company has added Vision Transformers (ViT) acceleration, a leading-edge neural network that has been shown to perform extremely well on many computer vision tasks like object detection, image classification, and semantic segmentation.

Features of Akida’s software and tooling:

Akida’s software and tooling help in simplifying the development as well as deployment of solutions & services with the below features:

• An effective runtime engine that independently manages model accelerations fully transparent to the developer.
• MetaTF™ software that developers can use with their preferred frameworks, such as TensorFlow/Keras, or development platform, like Edge Impulse, to easily develop, tune, and deploy AI solutions.
• Supports all types of Convolutional Neural Networks, Deep Learning Networks, Vision Transformer Networks, as well as Spiking Neural Networks, future-proofing designs as the models get more advanced.

Stock Information:

At AEDT 2:29 PM, BRN shares are trading at AU$0.600, up 17.647% from the previous close.

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