BrainChip to deliver AI object search and facial recognition for municipal project

BrainChip Holdings has been chosen to provide its AI-powered object search and facial recognition technology in a new large municipal deployment of video surveillance and video analytics. BrainChip Studio’s object search and facial recognition capabilities will initially be deployed in 11 pilot locations during Q4 2017 and Q1 2018, with broader deployments scheduled later in 2018. The project, which has a potential value of more than US$1.2 million, comprises of over 4,000 cameras across several towns and cities in France.

BrainChip unveils new PCIe accelerator card

BrainChip has unveiled a new PCIe accelerator card that serves as a key accessory for neuromorphic computing, which emulates the workings of the human brain, according to a report by TechSource. Neuromorphic hardware implements neural networks designed to process large amounts of data over a short duration. BrainChip’s new neuromorphic accelerator card will be used to help the hardware complete such tasks as object and facial recognition. The eight-lane, PCIe accelerator card is designed to be used with BrainChip Studio

BrainChip AI software helps police search video for identifying patterns or faces

BrainChip Holdings Ltd. has released the artificial intelligence-powered BrainChip Studio, which is designed to help law enforcement and intelligence organizations rapidly search enormous amounts of video footage for identifying patterns or faces. Leveraging spiking neural network technology, a type of neuromorphic computing that simulates the functionality of the human visual tract, BrainChip Studio is able to work on low resolution video and requires only a 24×24 pixel image to detect and classify faces. The software includes advanced facial detection, extraction,

AI firm BrainChip Holdings raises US$4.5M in private placement

Artificial intelligence (AI) and machine learning technologies developer BrainChip Holdings Ltd. has successfully raised AUS$6.0 million (US$4.5 million) through a share placement. The placement, which was oversubscribed, was supported by BrainChip’s existing shareholders and new institutions with Foster Stockbroking acting as sole lead manager. BrainChip will use the raised capital to support its ongoing operational expenses and expand its sales and marketing efforts for two key new products to be launched later this year. “This capital raise will support the