BrainChip Launches Akida Cloud for Instant Access to Latest Akida Neuromorphic Technology
'Our developer cloud provides instant access to the latest Akida technology, as we deliver our Akida products on our roadmap to customers quickly and easily,' said Jonathan Tapson, chief development officer at BrainChip. 'We're reducing the time and effort to utilize Akida, so developers can program and execute their network models for immediate results so they can accelerate product development. We've shortened the time between our innovations and our customers' ability to seamlessly and cost-effectively access Akida.'
One of the key innovations of this approach is that developers can stream their real-time data to Akida Cloud, perform inferencing, and stream the results back locally. This is demonstrated in a featured use case, eye-tracking, with immediate results used to measure accuracy and allow iteration of the training of the model to improve the results over a range of actual operating conditions. Hélder Rodríguez López, Embedded Software Research Engineer at Arquimea Research, said, 'The Akida Cloud's ability to provide us advanced access to the latest features of Akida and easily test our neuromorphic model innovations remotely is a real advantage for progressing our advanced model development programs.'
BrainChip Developer Akida Cloud key benefits include:
Rapid prototyping: Developers can access and leverage Akida's latest features without needing physical hardware.
Developer-first access: Engineers can start development in parallel with hardware deployment.
Extensibility: As new versions and configurations of Akida are released, BrainChip can make them available via the cloud.
Partner benefits: Partners can demo working models and prototypes for customers so they can work in parallel before gaining access to Akida boards or chips.
Flexible business model: Includes limited free access and usage-based pricing with credit toward eventual hardware purchases. BrainChip also sells an Akida FPGA Developer Platform if a customer wants an on-premises solution.
Engineered for ultra-efficient, low-power AI, the second-generation Akida 2 is now available in the cloud, delivering a four times performance and efficiency gain over Akida 1. Developers can now build more sophisticated models on Akida 2 with greater accuracy thanks to new architectural support for 8-bit quantization. New models supported on Akida 2 include state-space based Temporal Event-Based Neural Nets (TENNs), which enhance the ability to process raw temporal data from video, audio, and sensors. This combination simplifies the development pipeline, reduces model size, and accelerates the deployment of advanced AI in edge applications across multiple sectors.
About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY)
BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company's first-to-market, fully digital, event-based AI processor, Akida™, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition and processing data with unmatched efficiency, precision, and energy economy.
BrainChip's Temporal Event-based Neural Networks (TENNs) build on State-Space Models (SSMs) with time-sensitive, event-driven frameworks that are ideal for real-time streaming applications. These innovations make low-power Edge AI deployable across industries such as aerospace, autonomous vehicles, robotics, industrial IoT, consumer devices, and wearables. BrainChip is advancing the future of intelligent computing, bringing AI closer to the sensor and closer to real-time.
Explore more at www.brainchip.com.
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The company presents a discussion in the period-to-period comparisons of the primary drivers of change in the company's results of operations. This discussion is based in part on management's best estimates of the impact of the main trends on the company's businesses. The company has based the following discussion on its financial statements. You should read such discussion together with the company's financial statements. Forward-looking Statements This announcement contains statements that constitute 'forward‑looking statements', many of which can be identified by the use of forward‑looking words such as 'anticipate', 'believe', 'could', 'expect', 'should', 'plan', 'intend', 'estimate', 'strive', 'forecast', 'targets' and 'potential', among others. The company is relying on the safe harbor provided in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, in making such forward-looking statements. Forward‑looking statements appear in a number of places in this announcement and include, but are not limited to, statements regarding the company intent, belief or current expectations. Forward‑looking statements are based on the company management's beliefs and assumptions and on information currently available to the company management. Such statements are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward‑looking statements due to various factors, including, but not limited to: Changes in exchange rates or prices compared to those we are currently experiencing; the effects of the ongoing security situation in Israel, including the nature and duration of related conflicts; loss or impairment of business licenses or mineral extractions permits or concessions; volatility of supply and demand and the impact of competition; the difference between actual reserves and the company reserve estimates; natural disasters and cost of compliance with environmental regulatory legislative and licensing restrictions including laws and regulation related to, and physical impacts of climate change and greenhouse gas emissions; failure to "harvest" salt which could lead to accumulation of salt at the bottom of the evaporation Pond 5 in the Dead Sea; disruptions at the company seaport shipping facilities or regulatory restrictions affecting the company ability to export the company products overseas; general market, political or economic conditions in the countries in which the company operates, including tariffs and trade policies; price increases or shortages with respect to the company principal raw materials; delays in termination of engagements with contractors and/or governmental obligations; the inflow of significant amounts of water into the Dead Sea which could adversely affect production at the company plants; labor disputes, slowdowns and strikes involving the company employees; pension and health insurance liabilities; disruptions from pandemics that may impact the company sales, operations, supply chain and customers; changes to governmental incentive programs or tax benefits, creation of new fiscal or tax related legislation; and/or higher tax liabilities; changes in the company evaluations and estimates, which serve as a basis for the recognition and manner of measurement of assets and liabilities; failure to integrate or realize expected benefits from mergers and acquisitions, organizational restructuring and joint ventures; currency rate fluctuations; rising interest rates; government examinations or investigations; disruption of the company, or the company service providers', information technology systems or breaches of the company, or the company service providers', data security; failure to retain and/or recruit key personnel; inability to realize expected benefits from the company cost reduction program according to the expected timetable; inability to access capital markets on favorable terms; cyclicality of the company businesses; changes in demand for the company fertilizer products due to a decline in agricultural product prices, lack of available credit, weather conditions, government policies or other factors beyond the company control; sales of the company magnesium products being affected by various factors that are not within the company control; the company ability to secure approvals and permits from the authorities in Israel to continue the company phosphate mining operations in Rotem Amfert Israel; volatility or crises in the financial markets; hazards inherent to mining and chemical manufacturing; the failure to ensure the safety of the company workers and processes; litigation, arbitration and regulatory proceedings; exposure to third party and product liability claims; product recalls or other liability claims as a result of food safety and food-borne illness concerns; insufficiency of insurance coverage; closing of transactions, mergers and acquisitions; war or acts of terror and/or political, economic and military instability in Israel and its region; including the current state of war declared in Israel and any resulting disruptions to the company supply and production chains; filing of class actions and derivative actions against the company, its executives and Board members; the company is exposed to risks relating to its current and future activity in emerging markets; and other risk factors discussed under 'Item 3 - Key Information— D. Risk Factors" in the company's Annual Report on Form 20-F for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on March 13, 2025 (the 'Annual Report'). Forward-looking statements speak only as of the date they are made, and the company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Investors are cautioned to consider these risks and uncertainties and to not place undue reliance on such information. Forward-looking statements should not be read as a guarantee of future performance or results and are subject to risks and uncertainties, and the actual results may differ materially from those expressed or implied in the forward-looking statements. This announcement for the second quarter of 2025 (the 'Quarterly Report') should be read in conjunction with the Annual Report of 2024 as of and for the year ended December 31, 2024 published by the company on Form 20-F and the published report for the first quarter of 2025 (the "prior quarterly report"), including the description of the events occurring subsequent to the date of the statement of financial position, as filed with the US SEC. Appendix Condensed Consolidated Statements of Financial Position as of (Unaudited) $ millions June 30, 2025 June 30, 2024 December 31, 2024 Current assets Cash and cash equivalents 582 287 327 Short-term investments and deposits 119 109 115 Trade receivables 1,431 1,429 1,260 Inventories 1,690 1,544 1,626 Prepaid expenses and other receivables 413 298 258 Total current assets 4,235 3,667 3,586 Non-current assets Deferred tax assets 172 147 143 Property, plant and equipment 6,701 6,285 6,462 Intangible assets 941 857 869 Other non-current assets 326 249 261 Total non-current assets 8,140 7,538 7,735 Total assets 12,375 11,205 11,321 Current liabilities Short-term debt 365 577 384 Trade payables 1,082 834 1,002 Provisions 59 49 63 Other payables 920 802 879 Total current liabilities 2,426 2,262 2,328 Non-current liabilities Long-term debt and debentures 2,550 1,850 1,909 Deferred tax liabilities 477 500 481 Long-term employee liabilities 365 330 331 Long-term provisions and accruals 244 218 230 Other 45 61 55 Total non-current liabilities 3,681 2,959 3,006 Total liabilities 6,107 5,221 5,334 Equity Total shareholders' equity 6,014 5,746 5,724 Non-controlling interests 254 238 263 Total equity 6,268 5,984 5,987 Total liabilities and equity 12,375 11,205 11,321 Expand Condensed Consolidated Statements of Cash Flows (Unaudited) $ millions Three-months ended Six-months ended Year ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 December 31, 2024 Cash flows from operating activities Net income 108 130 214 256 464 Adjustments for: Depreciation and amortization 150 152 301 299 596 Fixed assets impairment - - - - 14 Exchange rate, interest and derivative, net (84 ) 37 (40 ) 96 152 Tax expenses 60 48 102 90 172 Change in provisions 7 (11 ) 2 (53 ) (50 ) Other 8 2 11 4 13 141 228 376 436 897 Change in inventories (6 ) 58 22 109 (7 ) Change in trade receivables 119 26 (83 ) (115 ) 26 Change in trade payables 28 (55 ) 59 (29 ) 104 Change in other receivables (4 ) (14 ) (19 ) 4 39 Change in other payables (80 ) (28 ) (62 ) (18 ) 43 Net change in operating assets and liabilities 57 (13 ) (83 ) (49 ) 205 Income taxes paid, net of refund (37 ) (29 ) (73 ) (35 ) (98 ) Net cash provided by operating activities 269 316 434 608 1,468 Cash flows from investing activities Proceeds (payments) from deposits, net 1 11 (3 ) 61 56 Purchases of property, plant and equipment and intangible assets (202 ) (142 ) (392 ) (287 ) (713 ) Proceeds from divestiture of assets and businesses, net of transaction expenses 1 3 3 18 19 Payments from settlement of derivatives, net (16 ) - (16 ) - - Interest received 4 3 7 10 17 Business combinations - - (3 ) (22 ) (74 ) Other - - - - 1 Net cash used in investing activities (212 ) (125 ) (404 ) (220 ) (694 ) Cash flows from financing activities Dividends paid to the Company's shareholders (55 ) (59 ) (107 ) (120 ) (251 ) Receipts of long-term debt 683 140 1,044 338 889 Repayments of long-term debt (138 ) (226 ) (535 ) (612 ) (1,302 ) Repayments of short-term debt (206 ) (18 ) (97 ) (1 ) (1 ) Interest paid (42 ) (43 ) (58 ) (63 ) (122 ) Receipts (payments) from transactions in derivatives (2 ) - (2 ) 3 (2 ) Dividend paid to the non-controlling interests (42 ) (57 ) (42 ) (57 ) (57 ) Net cash provided by (used in) financing activities 198 (263 ) 203 (512 ) (846 ) Net change in cash and cash equivalents 255 (72 ) 233 (124 ) (72 ) Cash and cash equivalents as of the beginning of the period 312 363 327 420 420 Net effect of currency translation on cash and cash equivalents 15 (4 ) 22 (9 ) (21 ) Cash and cash equivalents as of the end of the period 582 287 582 287 327 Expand Adjustments to Reported Operating and Net income (non-GAAP) $ millions Three-months ended Six-months ended June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024 Operating income 181 211 366 414 Charges related to the security situation in Israel (1) 15 14 25 26 Impairment and write-off of assets and provision for site closure (2) 5 - 5 - Fire incident at Ashdod Port (3) - - 4 - Provision for early retirement (4) - - 9 - Total adjustments to operating income 20 14 43 26 Adjusted operating income 201 225 409 440 Net income attributable to the shareholders of the Company 93 115 184 224 Total adjustments to operating income 20 14 43 26 Total tax adjustments (5) (3 ) (3 ) (7 ) (6 ) Total adjusted net income - shareholders of the Company 110 126 220 244 Expand (1) For 2025 and 2024, reflects charges relating to the ongoing security situation in Israel. 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