BrainChip and MYWAI Partner to Deliver Next-Generation Edge AI Solutions

Rhea-AI Summary

BrainChip Holdings Ltd (BRCHF) and MYWAI have announced a strategic partnership to deliver next-generation Edge AI solutions leveraging neuromorphic compute. The partnership aims to accelerate the adoption of Edge AI in industrial and robotic sectors, generating significant value for both companies and their customers. MYWAI's AIoT Platform for EaaS will be integrated with BrainChip’s Akida to enable customers to optimize processes and machinery with efficient AI.

LAGUNA HILLS, Calif.--(BUSINESS WIRE)-- BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, and MYWAI, the leading AIoT solution provider for Edge intelligence in the European Union (EU), today announced a strategic partnership to deliver next-generation Edge AI solutions leveraging neuromorphic compute.

The solutions will leverage BrainChip’s Akida™, which processes and learns from sensor data with unparalleled efficiency, precision, and economy of energy. It incorporates MYWAI’s AIoT Platform for EaaS (Equipment as a Service), which can stream, process, and prepare multimodal sensor data (e.g. time series, audio, vision, touch data) for Edge AI, as well as manage the Machine Learning Engineering for Production (MLOps) workflows, the Digital Ledger Technology (DLT) certification of the data and outcomes, in line with the new EU regulations for trustworthy AI.

The partnership is expected to accelerate the adoption of Edge AI in the industrial and robotic sectors and generate significant value for both companies and their customers. Developing and delivering robotic solutions for various industries, such as manufacturing, logistics, energy management and healthcare will be the focus of this partnership and allows customers to deploy AI at the very Edge of their equipment, achieving unprecedented performance, efficiency, and security.

“We believe in helping businesses reach new heights by adding intelligence to processes and machinery at the very Edge using Generative AI on the cloud and trustworthy AI at the Edge,” said Fabrizio Cardinali, CEO of MYWAI. “By integrating BrainChip’s Akida with our EaaS platform, we can enable our customers to optimize their processes and machinery with efficient AI, delivering intelligence where needed, when needed.”

“Working with partners like MYWAI provides us a tangible way to demonstrate the power of Essential AI together,” said Rob Telson, Vice President of Ecosystem and Partnerships at BrainChip. “This collaboration offers customers tremendous value by providing them with a powerful-and-scalable solution for Industrial and MedTech applications requiring real-time, low-power and cloud-independent AI.”

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^TM, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables Edge learning local to the chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today’s workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like Tensorflow/Keras. In enabling effective Edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future, for its customers’ products, as well as the planet. Explore the benefits of Essential AI at www.brainchip.com.

Follow BrainChip on Twitter: https://www.twitter.com/BrainChip_inc
Follow BrainChip on LinkedIn: https://www.linkedin.com/company/7792006

About MYWAI

MYWAI SRL (www.myw.ai) is a new European start-up with headquarters in the wonderful Silence Bay of Sestri Levante (between Cinque Terre and Portofino in the Northwest Italian Riviera, near France) which during 2020 and 2021, when the pandemics were hitting hard global supply chains and industrial set-ups, designed, patented, and developed Europe’s first fully native AIoT for Equipment as a Service (EaaS) Platform. The solution helps machine tool builders & and users to add new intelligent services to their machinery such as innovative technical functionality (e.g. Predictive Maintenance and multimodal Quality Inspection), Insurtech policies (e.g. Pay per Event), and Fintech business models (e.g. Pay per Use). MYWAI has patented its EaaS Solution blending advanced Generative and Edge AI solutions, IoT and blockchain and has applied its technology in world-leading market and RD projects with partners such as Mitsubishi Electric™ for adding intelligent services to the company’s robotic fleets, Hitachi Rail to generate synthetic defects for its smart stations video surveillance systems and ESAOTE for the group’s biomedical machinery maintenance services.

Follow MYWAI on LinkedIn: https://www.linkedin.com/company/mywaisrl
Follow MYWAI on YouTube: https://www.youtube.com/@mywaimarketing

View source version on businesswire.com: https://www.businesswire.com/news/home/20240116690673/en/

Media Contact:

Mark Smith

JPR Communications

818-398-1424

Investor Relations:

Tony Dawe

Director, Global Investor Relations

tdawe@brainchip.com

Source: BrainChip Holdings Ltd

FAQ

What is the ticker symbol for BrainChip Holdings Ltd?

The ticker symbol for BrainChip Holdings Ltd is BRCHF.

What is the strategic partnership announced by BrainChip Holdings Ltd?

BrainChip Holdings Ltd has announced a strategic partnership with MYWAI to deliver next-generation Edge AI solutions.

What is MYWAI's AIoT Platform for EaaS?

MYWAI's AIoT Platform for EaaS is used to stream, process, and prepare multimodal sensor data for Edge AI, as well as manage MLOps workflows and DLT certification of data and outcomes.

What are the focus industries for the partnership between BrainChip Holdings Ltd and MYWAI?

The focus industries for the partnership include manufacturing, logistics, energy management, and healthcare.

Who is the CEO of MYWAI?

The CEO of MYWAI is Fabrizio Cardinali.

Who is the Vice President of Ecosystem and Partnerships at BrainChip?

The Vice President of Ecosystem and Partnerships at BrainChip is Rob Telson.