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AI Eye Podcast 629: Stocks discussed: (ASX: BRN) (TSE: 6875) (TSX: MAW)

BrainChip Holdings Partners with MegaChips, and Mawson Gold Employs AI for Drill Targets

 

Point Roberts, WA and Vancouver, BC - November 22, 2021 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Podcast 629: Stocks discussed: (ASX: BRN) (TSE: 6875) (TSX: MAW)

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (ASX:BRN) (TSE:6875) (TSX:MAW)

BrainChip Holdings Ltd. (ASX:BRN) has announced a partnership with MegaChips Corporation

(TSE:6875), wherein the latter has licensed BrainChip Akida IP to enhance and grow its technology positioning for next-generation, Edge-based AI solutions. Rob Telson, BrainChip's VP of Worldwide Sales and Marketing, explained:

"The MegaChips and BrainChip partnership furthers both company's missions to push boundaries and offer unprecedented products. By providing Akida's on-chip learning and ultra-low power Edge AI capabilities as an integrated technology in MegaChips' ASIC solutions, we are able to deliver a cascading array of benefits to cutting-edge products that not only ensure power efficiency without compromising outcomes but can run autonomously for incremental learning without the need to go back and forth to the cloud. This is an exciting collaboration from both a business perspective as well as from an industry-altering aspect."

Mawson Gold Ltd. (TSX:MAW) has announced the results of New Exploration Technologies (NEXT) advanced Artificial Intelligence (AI) work in developing drill targets at the company's 100 percent-owned Rajapalot project in Finland. Ivan Fairhall, the company's CEO, said:

"Each time we revisit the data outside our million-ounce equivalent inferred resource area, we are reminded of the high prospectivity of our large landholding. The NEXT AI analysis is a powerful prospecting tool which has helped uncover and confirm complex correlations that drive our mineralized system, and is something that can be deployed permit-wide. Like the base of till, no single prospecting filter tells us where to drill, but combined we have built a pipeline of targets across our tenement package that we will systematically refine and prioritize as drill targets in the upcoming and future drill seasons."

Global Edge AI Software Market to Reach $8.04B by 2027

A report published by Astute Analytica finds that the global Edge AI Software market will grow to $8.04 billion USD by 2027, registering a compound annual growth rate (CAGR) of 29.8 percent in the forecast period 2021-2027. An excerpt from the report's summary reads:

The market went through many breakthrough advancements that helped against the covid crisis. Due to the lockdown and mobility restrictions in various global supply chains were disrupted in the manufacturing and export/import sector. This had a negative impact on the growth of the Edge AI market as most of the industrial units and business firms were shut down. But manufacturing giants have absorbed the shocks and built strong responses toward business growth with the use of sensors and the Internet of Things (IoT), real-time visibility into supply chains.

Sam Mowers, Investorideas.com

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