Brainchip Holdings Ltd. · ASX:BRN
Brainchip — Shareholder Meeting (May 2019)
16 slides from Brainchip's shareholder meeting presentation, May 30, 2019
Slide 1: ASX Announcement: Annual General Meeting CEO Presentation
ASX Announcement Annual General Meeting CEO Presentation Sydney – 30 May 2019: BrainChip Holdings Ltd (ASX:BRN), appends the Chief Executive Officer’s presentation to the Annual General Meeting, in accordance with the ASX Listing Rules. About BrainChip Holdings Ltd (ASX:BRN) BrainChip Holdings Ltd i
Slide 2: BrainChip Annual General Meeting 2019
BRAINCHIP ANNUAL GENERAL MEETING 2019 AkidaTM is the Edge Network Louis DiNardo – CEO 30 May 2019
Slide 3: Financial Update
BRAINCHIP FINANCIAL UPDATE • Operating Cash Flow 2018* – (US$7.1M) vs. (US$6.7M) in 2017 • Administrative Expenses – US$3.7M compared to US$3.2M in 2017 • Sales and Marketing Expenses – US$1.4M compared to US$601K in 2017 • Research and Development Expenses – US$2.9M compared to US$ 2.9M in 2017 • C
Slide 4: Financial Update: Restructuring
BRAINCHIP FINANCIAL UPDATE • Restructuring • Reduction in Planned Expense – $US1.3M to US$1.5M • Sales and Marketing Expense Headcount Reductions – 5 Terminations • Reduction in Board – 6 to 5 with Retirement of Julie Stein • Equity Realignment • Elimination of 11 June CEO Performance Rights • Grant
Slide 5: Business Update
BRAINCHIP BUSINESS UPDATE • Introduction of the Availability of Akida Intellectual Property for Licensing • Socionext Selected as Akida Development and Manufacturing Partner • Provisional Patent Filing on Akida Inventions • Introduction of the Akida Development Environment • Introduction of the Akid
Slide 6: Business Update
BRAINCHIP BUSINESS UPDATE • Acceleration of Akida Development Environment Evaluations • Initial Discussions of Akida Intellectual Property Licensing • Successful Trial of BrainChip Studio and Shipment of Accelerator to Large OEM • GPI – Completion and Delivery of Vision System Prototype • Veritone –
Slide 7: Team
BRAINCHIP TEAM • Headcount 35 • Louis DiNardo – CEO • Peter van der Made – CTO • Anil Mankar – CDO • Roger Levinson – COO • Ken Scarince – VP Finance • Toulouse, France – 15 • Aliso Viejo, California US – 15
Slide 8: Overview
BRAINCHIP OVERVIEW • BrainChip is the leading developer of Advanced Artificial Intelligence (AI) Devices for Applications at the “Edge”. • “AI at the Edge” is a high-volume, high-growth market. • Intelligence is provided and analytics are performed at the point of acquiring data rather than data bei
Slide 9: AI Chipset Forecast
AI CHIPSET FORECAST 70,000 60,000 50,000 Training Inference General Purpose 40,000 $M 30,000 20,000 10,000 0 2018 2019 2020 2021 2022 2023 2024 2025 Tractica 2018 Forecast Growth from US$5B to US$66B (47% CAGR)
Slide 10: AI Edge Applications
AI EDGE APPLICATIONS • Low Power, Low Latency and High Accuracy are critical attributes for AI “Edge” applications in: • Surveillance • Advanced Driver Assistance Systems (ADAS) • Vision Guided Robotics • Drones • Industrial Internet-of-Things (IoT) • Acoustic Analysis • Cybersecurity
Slide 11: Akida Technology
BRAINCHIP AKIDA TECHNOLOGY • Fully User Re-Configurable Event-Based Spiking Neural Network (SNN) technology. • SNN uses threshold logic in a low-cost standard digital CMOS process with proprietary learning rules. • Up to 1.2M Neurons and 10B Synapses • Multiple Neural Processing Cores
Slide 12: Akida Major Advantages
AKIDA MAJOR ADVANTAGES • Complete AI Edge Network on a chip • User Re-Configurable Single Chip Solution • On-chip Training and Inference • Unsupervised Learning at the Edge without Training • Ease of Use • Complete Simulation in the Akida Development Environment • Multiple Learning Modes • Native Ev
Slide 13: Akida Business Model
AKIDA BUSINESS MODEL • Akida Development Environment – Free to Beta Users • Akida Intellectual Property – Direct and Channel Partner Sales Globally • Akida Device – Direct and Channel Partner Sales Globally • Akida Reference Board – Direct Sales to Qualified Users • Akida USB Module – Online Retail
Slide 14: Akida Product Roadmap
AKIDA PRODUCT ROADMAP AKD1000 AKD1000IP AKD2000 AKD1000USB AKD500 AKD2000IP • AKD1000 User Re-Configurable AI Edge Device for OEMs and Module Manufacturers • AKD1000IP User Re-Configurable AI Edge IP for ASIC Integration • AKD1000USB User Re-Configurable USB Dongle for Research and Development • AKD
Slide 15: Akida Competition
AKIDA COMPETITION GyrFalcon • Event-based or math-based Edge solutions
Slide 16: Thank You
THANK YOU