BrainChip Holdings Limited (ASX: BRN) is into information technology, is engaged in the development of neural computing technology. It focuses on its technology SNAP which is a spiking neuron adaptive processor. BrainChip is a leader in the software and hardware accelerated solutions sector, which provides solutions on advanced AI and machine learning.
The company has recently announced to have filed for an omnibus provisional US patent application to the US patent and trademark office. It has an interest in protecting its intellectual property including its inventions in Akida Neuromorphic System-on-Chip, which will safeguard its system architecture including features like low latency, low power, etc.
The company has a core strategy of safeguarding its intellectual property as its success depends primarily on establishing and maintaining the proprietary nature of its foundation technology. The company with its detailed technical descriptions and claims has applied for the recent patent establishing several elements of novelty in the Akida NSOC. The company has a plan to expand the universe of its patents including multiple domestic and international patents. This is to ensure that the company can obtain a range of utility claims including apparatus, methods, and systems in neuromorphic computer processing.
The company has a portfolio of patents which includes ten other granted patents. These include innovations in neuromorphic computing including autonomous learning, feature extraction, pattern recognition, and neural processor acceleration. The company also plans for filing additional patent applications in the US and other countries as well as appropriate for its products.
The CEO and president of the company Lou DiNardo said the company has great progress in the development if the NSOC. The Akida NSOC will enhance the scope of artificial intelligence in several large and growing markets. The CEO also mentioned that during the development of the NSOC the team had created several innovations in the neuromorphic computing sector, and the company is committed to protecting these inventions.
The company in the recent past has been awarded for the BrainChip Studio 2018 update on the AI-powered video analysis software. It mentions the powerful new mode which can be used to improve the face classification accuracy. The performance of the software can be improved by ten to thirty percent.
The company previously used networks which allowed it to enable facial classification on partial faces. However, the partial-face mode tends to be accurate in cases where hats, masks, etc may partially obstruct the image. The company has a new Studio 2018 technology which uses a full-face mode to perform the classifications of the face. The new mode significant increase in facial classification accuracy where the full face is visible.
The stock price of BrainChip Holdings Limited ended the session at A$0.100 per share which represents that the stock has encountered the fall of A$0.005 per share or 4.762%. The market capitalization of BrainChip Holdings stood at $110.24 million. The company posted a negative YTD return of 47.50% and produced a negative return of 16.00% over the last six months period, with a 52-week high price of $0.240 and a 52-week low price of $0.092.
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