BrainChip (ASX:BRN) enters an AI Partner Program, ends strong

2 min read | May 23, 2022 06:33 PM AEST | By Sonal Goyal

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BrainChip (ASX:BRN) enters an AI Partner Program, ends strong — Image source: © Kran77 | Megapixl.com

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Highlights

BrainChip has been accepted into the Arm AI Partner Program.

Arm AI Partner Program will be supporting BrainChip’s Akida.

In past five years, shares of BrainChip have surged by over 600%.

Technology giant, BrainChip Holdings Ltd (ASX:BRN) closed the Monday trading session at AU$1.270 per share, up 8.5%. The company announced today that now it is a part of Arm AI (Artificial Intelligence) Partner Program.

Backed by the news, BRN shares were in line with the benchmark index, which closed 0.34% high. The share price has gained 38% in last one month, and 104% in last six months. In past five years, the stock has gained a whopping 647%.

About Arm AI partner program

Image source: © Alexandersikov | Megapixl.com

Arm AI program has an extensive AI ecosystem that makes the process of AI development easy and simple. The program offers best-in-class applications, algorithms and tools to customers worldwide. In addition to this, the program nurtures and creates strategic alliances that provide resources and technical support and drives innovation.

Benefits enjoyed by the partners of the Arm AI program:

Go-to-market support – the program supports market expansion through the marketing channel of Arm. Also, it provides an opportunity to publicly display at the sponsored events globally.

Technical expertise – The Arm allows direct engagement with engineers and technical expertise.

Collaboration opportunities – Relationship building networking by Arm allows the partner to gain market visibility and present proof-of-concept.

CMO of BrainChip, Jerome Nadel, said in a statement that Arm is an industry influencer and not just an AI technologies provider.

What benefits would BrainChip have with the Arm program?

BrainChip can build the ecosystem for the Akida silicon-proven IP by joining the program. It can be done Akida offers power-efficient, high-performance and cost-effective AI processing for edge AI devices. Akida is efficient even in those areas where there is either no or limited connectivity.

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Akida, a neuromorphic processor, can be understood as a copy of the human brain that assesses essential sensor inputs only at the acquisition point.

On the development, Nadel commented:

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