Australian AI chipmaker rises on US patent grant

Australia’s BrainChip Holdings surged nearly 11 percent to mark its best day in six weeks after the advanced artificial intelligence chipmaker received a patent grant in the United States on one of its neuromorphic processors.

Neuromorphic processors mimic the way the brain works and allow devices to use signals from physical neurons to carry out computations.

Shares of BrainChip were trading 7.4 percent higher at A$0.3975, their highest level since June 19, and were the biggest gainers on the ASX 200 benchmark index.

More than 11.3 million shares had changed hands, nearly double the 30-day average of around 6.4 million.

The patent protects the neural processor’s feature of reconfigurability, which “provides a significant advantage, enabling the development of multipurpose and cost-effective hardware designs”, BrainChip said.

BrainChip now has 17 issued patents, with around 30 patent applications pending in the United States, Europe, Australia, Canada, Japan, Korea, India, among others.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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