BrainChip Holdings (AU:BRN) has released an update.
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BrainChip Holdings Ltd confidently presented at their 2024 AGM, highlighting the capabilities of their neuromorphic processor, Akida, and its role in revolutionizing edge AI with efficient, secure, and low-latency on-chip processing. Despite slower revenue growth due to lengthy evaluation and design cycles, the company is optimistic about its strong market position and the potential of their new neural network architecture, TENNS, to lead in the edge AI market. This optimism is underpinned by trends driving AI to the edge, such as privacy concerns and the inefficiencies of cloud computing for AI processing.
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