BrainChip Holdings (AU:BRN) has released an update.
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BrainChip Holdings Ltd reported its half-year financial results, highlighting its dedication to product development, particularly its Akida 2.0 technology, in response to growing market interest in ultra-low power edge AI. Amidst a net loss and slight revenue decrease, the company raised significant capital through a share placement, share sale, and a share purchase plan. New executive appointments and strategic agreements for space AI applications underscored post-period business advancements.
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