BRN has endured its share price plunging over 90% from its 2021 high. The company is behind Akida, a revolutionary digital neuromorphic chip that’s built with a spiking neural network, a type of artificial network that mimics the way messages are passed between neurons in the human brain.
Because the AI is inside the chip, the chip can learn independently and is not reliant on the cloud or other networks. This makes it much more secure and reduces latency as well. This all sounds very good, but to be honest, we’ve been in several presentations from the company over multiple years and still struggle to really understand what they do!
Further, the company has yet to translate its technology into sales, and the cash burn is a concern. It’s simply too hard for us.
- We have no interest in BRN. It is losing money too fast, and we don’t have a good handle on how that will change.
MM is neutral towards BRN at best
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