Star Investing interviewed Bob Beachler, VP of marketing and business development for BrainChip (ASX:BRN) about the business, its technology and achievements.
Hello and welcome to The Star investing podcast. We’re here today with Bob Beecher the vice president of marketing and business development for BrainChip. Thanks for joining us today Bob. Can you give us a brief introduction to yourself your role within BrainChip and a brief overview of the company and its technology.
Sure. Well first of all thanks for having me on the podcast. So, my background is in artificial intelligence video analytics and semiconductor products. I’m responsible for all of marketing and business development for BrainChip that includes product definition promotion of the products and ultimately the sales of the products.
We’re commercialising neuromorphic computing and that’s a type of artificial intelligence that is inspired by biological neurons. We actually model these biological neurons in software and in silicon. We’re one of the few pure play artificial intelligence companies that are publicly traded on the Australian Stock Exchange.
We protect our advantage in this technology space by continually innovating to create more powerful solutions whether they be in software or in silicon as well as filing patents to protect our intellectual property.
Can you tell us about some of the key achievements that the company made last year?
We began last year doing trials of BrainChip studio which is our first commercial product that we announced in 2017. This product is used by law enforcement and intelligence agencies for forensic object search and facial classification. They use this to find suspects in counterterrorism activities. We also used this technology to secure a deal with Gaming Partners International which will use our object recognition technology in an advanced table gaming system for casinos. GPI is the largest provider of casino chips in the world. And they’ll be using our technology combined with theirs to secure these casino chips and an advanced gaming system.
Also at the end of the year we announced our architecture for the Akida neuromorphic system on a chip which is the world’s first chip of this kind which includes everything necessary to create a neuromorphic spiking neural network in silicon and embedded applications.
What technology trend is impacting the business most and what can BrainChip gain from that?
We’re in the midst of a sea change in how people are designing systems. It used to be that people would use traditional programming and do something called deterministic programming. Now with the advent of artificial intelligence and machine learning it’s transforming how complex systems are designed and dramatically increasing the capability of these solutions. With this technology we can solve problems that couldn’t be solved using the traditional programming methods.
In my 30 years of being in the semiconductor industry I’ve only seen a few transformative shifts of this type. And we really are on the cusp of a new technology that will see a major disruption and advancement in complex systems design.
And just to wrap it up can you tell us a bit about what investors can expect to see from brain chip in 2019.
Sure. So what we’re going to be focusing on first is driving the sales of our existing product range; BrainChip studio. As I mentioned we had many trials going on and we’re looking to convert those into actual revenue generating sales. Secondly, we’ll be seeing the commercial deployment of our partnership with Gaming Partners International and their casinos worldwide.
And then finally we will be sampling the Akida neuromorphic system on a chip sometime in the second half of 2019.
That’s great. Thanks for taking the time to talk to us today Bob and we look forward to seeing what’s to come from BrainChip this year.
This content is produced by Star Investing in commercial partnership with BrainChip. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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