Aziana (ASX:AZK) is acquiring Artificial Intelligence technology company BrainChip Inc, with directors of both companies speaking to investors this week at Proactive's Melbourne / Sydney Luncheons.
Neil Rinaldi, Aziana CEO, introduced Robert Mitro, BrainChip Inc CEO and President, to investors.
BrainChip has invented a neural technology that has the ability to learn autonomously, evolve, associate information and respond to stimuli, just like a biological brain.
The company's Spiking Neuron Adaptive Processor (SNAP) technology is a neural-based architecture that replicates the neural behaviour of a biological brain.
BrainChip also has the world’s only autonomous learning technology, patented in 2008.
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Artificial Intelligence Applications
That the potential applications for the technology are across so many verticals is significant. These include:
- Cochlear-based voice signature identification capabilities for smartphones, smart television sets and tablets;
- The “Internet of Things” (IoT). IoT is a term used to describe miniature sensors and intelligent devices that have embedded technology to communicate with one another over the internet; and
- Toys, gaming, driverless vehicles and drones.
The focus is about commercialisation of key applications and forming relationships with potential development partners over the next 12 months to lock in royalty and other revenue streams.
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