Artificial Intelligence (AI) and cybersecurity were two of the hottest tech trends in 2018. While the capabilities of AI and its everyday uses are still growing and becoming clear, cybersecurity has become a key staple in any online environment.
The ASX’s only pure artificial intelligence play, BrainChip (ASX:BRN), has inked an agreement to licence cutting-edge cyber security technology from Democritus University of Thrace in Greece.
The agreement provides BrainChip with access to leading cybersecurity technology that it will incorporate into its AkidaTM Neuromorphic System-on-Chip (NSoC) solutions.
The Akida NSoC is currently in development, and targets early customers in vision-based systems in addition to cybersecurity.
The Akida NSoC is inspired by the biology of neuron functions, but BrainChip is creating a fully digital device.
Neuromorphic systems work more like a human brain than a computer: they emulate the biological function of neurons that communicate using spikes. This method of processing can drastically reduce power consumption.
The university’s cybersecurity technology includes data-to-spike convertors, and is specifically designed for network intrusion and anomaly detection using a spiking neural network (SNN) that can be accelerated by the Akida (NSoC.
The professor at the university responsible for developing the program, Lazaros Iliadis, PhD, said: “We have been working with spiking neural networks for several years and our cybersecurity technology has proven highly accurate in detecting threats. The Akida NSoC is an ideal platform to accelerate our SNNs.”
The total cybersecurity market is growing at a compound annual growth rate of 10.2 percent, and is estimated to be worth US$248 billion by 2023, creating a market that is too big to ignore.
BrainChip is aware of the need to have in place a robust cybersecurity capability as it progresses the development and commercialisation of its Akida NsoC.
Robert Beachler, BrainChip Senior Vice-President of Marketing and Business Development, said: “It is important that we have proven examples of SNN models and data to spike converters for our target markets with cybersecurity capabilities built in.”
The partnership with the Democritus University of Thrace will increase BrainChip’s expertise and knowledge in the area of cybersecurity. Most importantly, it is also expected to widen the reach of its low power and low latency Akida NSoC device.
This content is produced by Star Investing in commercial partnership with BrainChip. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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