Brainchip Holdings Ltd. · ASX:BRN

Brainchip — 30th Annual ROTH Conference (March 2018)

37 slides from Brainchip's conference presentation, Mar 12, 2018

  1. Slide 1: ROTH Conference Presentation

    ASX PRESS RELEASE For personal use only ROTH Conference Presentation San Francisco – 12 March 2018: BrainChip Holdings Ltd. (“BrainChip” or the “Company”) (ASX: BRN), a leading developer of software and hardware accelerated solutions for advanced artificial intelligence (AI) and machine learning app

  2. Slide 2: Media contacts

    ASX PRESS RELEASE For personal use only Media Contact (Europe): Media Contact (Australia): Nayl D’Souza Daniel Paproth Publitek Media and Capital Partners nayl.dsouza@publitek.com daniel.paproth@mcpartners.com.au +44 20 3813 6423 +61 421 858 982 ### __________________________________________________

  3. Slide 3: BrainChip - An AI Processor Company, March 2018

    For personal use only ASX CODE: BRN | “AN AI PROCESSOR COMPANY” BrainChip M ARCH 2018 | 1 MARCH 2018

  4. Slide 4: Disclaimer

    Disclaimer For personal use only This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for investment decisions. In making investment de

  5. Slide 5: Agenda

    Agenda For personal use only  Company and Business Overview  Spiking Neural Network Technology  Markets and Products  Recent Announcements and Investment Highlights BrainChip M ARCH 2018 | 3

  6. Slide 6: Company and Business Overview

    For personal use only Company and Business Overview BrainChip M ARCH 2018 | 4

  7. Slide 7: Company Overview

    Company Overview For personal use only  BrainChip is an ASX-listed (ASX: BRN) developer of artificial intelligence (AI) software and hardware.  It is the global leader in the commercialization of Spiking Neural Networks (SNN) technology, an AI technology which which mirrors the processing of the h

  8. Slide 8: Key Investment Considerations

    Key Investment Considerations For personal use only  Patented intellectual property which is the result of ~10 years’ development. BRN is one of the first commercial organizations globally to commercialise SNN AI technology.  Highly experienced management team. CEO Lou DiNardo brings decades of te

  9. Slide 9: Management Team

    Management Team For personal use only Lou DiNardo – President and CEO Peter Van Der Made – Founder and CTO Ryan Benton – SVP and CFO Previously President and CEO of Exar, Xicor Previously Chief Scientist, IBM Internet Previously CEO, CFO Exar President, Intersil Security Systems CFO, SynapSense, Sol

  10. Slide 10: Spiking Neural Networks Technology

    For personal use only Spiking Neural Networks Technology BrainChip M ARCH 2018 | 8

  11. Slide 11: Machine Learning Taxonomy

    Machine Learning Taxonomy For personal use only Class of computing where Machine Learning functionality is NOT (Artificial Intelligence) explicitly programmed Artificial Neural Support Vector Bayesian Algorithmic approaches Networks Machines Networks (ANNs) Convolutional Neural Spiking Neural Networ

  12. Slide 12: AI server logic and memory content quote

    For personal use only “An AI server has 8x the amount of logic content and 4x the amount of memory content compared to a traditional server .” Goldman Sachs Equity Research Note February 15 2018 BrainChip M ARCH 2018 | 10

  13. Slide 13: Artificial Intelligence is Exploding, but Traditional x86 Compute is Costly and Inefficient

    Artificial Intelligence is Exploding, but Traditional x86 For personal use only Compute is increasingly Costly and Inefficient Artificial Intelligence has proven that it can SOLVE PROBLEMS that COULD NOT be solved using traditional programming, however x86 compute is INEFFICIENT (cost/power/latency)

  14. Slide 14: Traditional CPU Architecture Inefficient for ANNs

    Traditional CPU Architecture Inefficient for ANNs For personal use only Traditional Compute Architecture Artificial Neural Network Architecture Memory Control Arithmetic input unit logic unit output PROCESSOR ACCUMULATOR Optimal for sequential execution Distributed, parallel, feed‐forward BrainChip

  15. Slide 15: John von Neumann quote

    For personal use only “We require exquisite numerical precision over many logical steps to achieve what brains accomplish in very few short steps.” 1 John von Neumann Inventor of the digital computer 1 Von Neumann J (1958) The Computer and the Brain. New Haven CT: Yale UP. BrainChip M ARCH 2018 | 13

  16. Slide 16: Spiking Neural Networks Function Like the Brain

    Spiking Neural Networks Function Like the Brain For personal use only The brain doesn’t think in math functions! Like a human brain, the technology learns a pattern instantaneously and autonomously and does not need to be trained with millions of samples. Advantages include:  Instantaneous single-i

  17. Slide 17: Artificial Neural Network Type Comparison

    Artificial Neural Network Type Comparison For personal use only Convolutional Neural Networks Characteristic Result Computational Matrix Multiplication, Math intensive, high functions ReLU, Pooling, FC power, custom layers acceleration blocks Training Supervised Training Requires large pre‐ with bac

  18. Slide 18: Artificial Neural Network Types for Primary Compute

    Artificial Neural Network Types for Primary Compute For personal use only Spiking Neural Networks Convolutional Neural Networks Low Power Math intensive Ideal for Edge / Data Acceleration Ideal for Cloud Compute ∫ ∫ ∫ Synapses Reinforced connections Linear Algebra Matrix Multiplication ∫ Neurons Inh

  19. Slide 19: Artificial Neural Network Competitive Landscape

    Artificial Neural Network Competitive Landscape For personal use only Spiking Neural Networks Convolutional Neural Networks / Deep Learning Software Simulation of ANNs CPU CPU Cloud Acceleration Edge Acceleration Off‐the‐Shelf Hardware Acceleration Customized Acceleration Google TPU TrueNorth Loihi

  20. Slide 20: Markets and Products

    For personal use only Markets and Products BrainChip M ARCH 2018 | 18

  21. Slide 21: BrainChip Product Overview

    BrainChip Product Overview For personal use only  BRN has existing video analytics products on market which demonstrate SNN technology: • BrainChip Studio software was released July 2017. BrainChip Studio aids users to rapidly search vast amounts of video footage for identifying patterns or faces.

  22. Slide 22: BrainChip Studio

    BrainChip Studio For personal use only  BrainChip’s software product aids law enforcement and intelligence organizations to rapidly search vast amounts of video footage for identifying patterns or faces.  Because faces are potentially a uniquely identifying feature, the software includes advanced

  23. Slide 23: BrainChip Studio Forensic Object Search

    BrainChip Studio Forensic Object Search For personal use only Model Builder Image file Spiking Neural Network Live Video Search Video Decode Spiking Neural Network .snm models Video files Processed images Video summaries containing pattern BrainChip M ARCH 2018 | 21

  24. Slide 24: BrainChip Studio Facial Detect, Track, and Classify

    BrainChip Studio Facial Detect, Track, and Classify For personal use only Spiking Neural Network Video Spiking Neural Network Live Video Decode Spiking Neural Network Detect Extract and Model Compare and Track Video files Search Model all Images in Tracks Spiking Neural Network Suspect Compare and r

  25. Slide 25: BrainChip Studio - Demonstration

    BrainChip Studio - Demonstration For personal use only BrainChip M ARCH 2018 | 23

  26. Slide 26: High-Quality Customer Base / Attractive Sales Model

    High-Quality Customer Base / Attractive Sales Model For personal use only Sales model: • Sell through original equipment manufacturers, integrators and other partners • This capital efficient model is expected to accelerate sales and reduce the capital required to build a large direct sales force An

  27. Slide 27: BrainChip Accelerator

    BrainChip Accelerator For personal use only  BrainChip’s hardware product – an add-in card that increases the speed and accuracy of the object recognition function of BrainChip Studio software by up to six times, while increasing the simultaneous video channels of a system to 16 per card and is 7 t

  28. Slide 28: BrainChip's SNN Outperforms Leading Deep Learning Models

    BrainChip’s SNN Outperforms Leading For personal use only Deep Learning Models 45 40 Effective Frames/Sec/Watt (Standard Definition) 35 30 25 20 15 10 5 0 Nvidia Jetson TX2 Nvidia Jetson TX2 AlexNet* BrainChip Accelerator** GoogleNet* *NVIDIA Jetson TX2 in MQ mode, NVIDIA website, 3/7/2017, adjusted

  29. Slide 29: Next Generation Acceleration In Development: AKIDA Neuromorphic Processor SOC

    Next Generation Acceleration In Development: AKIDATM Neuromorphic Processor SOC For personal use only  Product Description • General Purpose Processor based upon Patented (2008) Spiking Neural Network • Fully parallel architecture  Training Method • Unsupervised Learning – Trains itself to recogni

  30. Slide 30: Market Size

    Market Size For personal use only Video Analytics – BrainChip Studio and Neuromorphic Chips – AKIDA™ Accelerator Serviceable Addressable Market: $4.8B (2022)* Total Addressable Market: $11.2B Serviceable Addressable with a CAGR of 26.31% between 2016 and (2022)* Market: $3B** 2022 SAM $4.8B Surveill

  31. Slide 31: Competitive Advantage

    Competitive Advantage For personal use only BRN’s patented intellectual property protects its market position.  The AI sector includes well-known companies like Cisco Systems, IBM, Intel, Google, Microsoft, NVIDIA, Qualcomm and Samsung, which are evolving their own versions of cognitive architectur

  32. Slide 32: Recent Announcements and Investment Highlights

    For personal use only Recent Announcements and Investment Highlights BrainChip M ARCH 2018 | 30

  33. Slide 33: Key Recent Announcements

    Key Recent Announcements For personal use only February Establishment of • BrainChip retains 20-year experience surveillance and video analytics veteran in Europe, Mr. Luis Coello. 2018 EMEA Sales • Addition will assist in strengthening BrainChip’s market position with law enforcement and intelligen

  34. Slide 34: Financial Summary

    Financial Summary For personal use only Overview Share price performance (6 months) ASX Code BRN Market Cap* A$174.43M Share Price* A$0.18 Capital Raised A$40.9M Issued Shares** 969.1M Cash*** US$16.04M * As of close March 6, 2018 **Per Appendix 3B, December 14, 2017 ***Per December quarter 2017 App

  35. Slide 35: AI Landscape

    AI Landscape For personal use only  Given few pure play AI companies, M&A activity is M&A Deals: 2012-2017 37 the best indicator of valuation.  Over 250 private companies using AI algorithms across different verticals have been acquired since Private Transactions have 2012, with 37 acquisitions ta

  36. Slide 36: Investment Summary

    Investment Summary For personal use only  Patented intellectual property which is the result of ~10 years’ development. BRN is one of the first commercial organizations globally to commercialize SNN AI technology.  Highly experienced management team. CEO Lou DiNardo brings decades of tech commerci

  37. Slide 37: Thank You

    For personal use only Thank You BrainChip M ARCH 2018 | 35

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