BrainChip (ASX:BRN) - CEO and Co Founder, Peter van der Made
CEO and Co Founder, Peter van der Made
Source: BrainChip
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  • BrainChip (BRN) is now taking orders for two development kits for its Akida advanced neural networking processor
  • The development kits are available on BrainChip’s website and include the X86 Shuttle PC development kit as well as an ARM-based Raspberry Pi development kit
  • This allows customers and potential partners to begin internal testing and validating the Akida solution which claims to be a high-performance, ultra-low power AI chip
  • BRN says this is an exciting opportunity to see how Akida works in areas such as electronics, industrials, aerospace and defence systems, medical devices and automotive technology
  • Company shares are up 15.7 per cent on the back of this news to trade at 51.5 cents at 12:02 pm AEDT

BrainChip (BRN) has announced it will start taking orders for two development kits for its Akida advanced neural networking processor.

This will enable partners, large enterprises and original equipment manufacturers to begin testing and validating Akida’s high-performance, small, ultra-low power artificial intelligence (AI) chip.

Both development kits will be sold on BrainChip’s website and will include the AKD1000 chip on a mini-PCI board: an X86 Shuttle PC development kit as well as an ARM-based Raspberry Pi development kit.

The Akida Development Kit – Shuttle PC can be purchased for $9995 and the Akida Development Kit – Raspberry Pi is being sold for $4995.

Co-Founder and Chief Development Officer Anil Mankar said offering the development kits was a key milestone towards commercialisation.

“It’s an exciting opportunity to see how our partners and future customers will put Akida to work in environments and scenarios like consumer electronics, industrial applications, aerospace and defense systems, healthcare and medical devices, automotive technology, and more,” he said.

“We believe the AKD1000 silicon, or the licensing of Akida in a configurable IP format, will lead to major changes in industries using AI at the edge because of its performance, security, low power requirements, and mainly Akida’s ability to perform AI training and learning on the device itself, without dependency on the cloud.”

The Akida technology can be used in smart systems such as Smart Home, Smart Health, Smart City and Smart Transportation. These applications include home automation, remote controls, industrials, robotics, security cameras, sensors, medical devices, sound detection, unmanned aircrafts and more.

The ultra-low power aspect of the solution provides faster response and a more power efficient system that can potentially reduce the large carbon footprint of data centres.

In addition, the tech stock revealed it spent just shy of US$4 million (A$5.3 million) on operating activities — most of which went towards research and development, advertising and marketing, and product costs.

BRN ended the September quarter with US$23.9 million (A$31.8 million) in cash compared to the US$17.7 million (A$23.5 million) it started with.

Company shares were up 12.4 per cent on the back of this news to trade at 50 cents at 12:02 pm AEDT.

BRN by the numbers
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