(MENAFN- ProactiveInvestors)
() is in the process of acquiring Artificial Intelligence technology company BrainChip Inc. and has now being granted an ASX trading halt in relation to a proposed capital raising.
The halt will last until the earlier of the announcement being made or the start of Tuesday 19th May 2015.
Earlier this week BrainChip’s Spiking Neuron Adaptive Processor technology cleanly out-performed an opposing neural technology in a stimulated car race.
This is a key milestone in the application and commercialisation of the potentially ground-breaking technology.
It also marks the first in a series of post-acquisition milestones and the company has accordingly amended its documentation to recognise the accomplishment.
BrainChip’s artificial neural learning technology has potential applications across many areas including smartphones robotics prostheses and driverless drones.
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