SYDNEY — BrainChip Holdings Ltd. shares BRN, 18.14% are on course for their strongest one-day gain of 2023 after the Australia-listed artificial-intelligence company launched the second iteration of its Akida platform.
The stock surged 15% in early trade Monday to 58.5 Australian cents (39.6 U.S. cents). The stock was the best-performing component of the S&P/ASX 200 benchmark index.
BrainChip had in February said that the platform was still in development and would go to market later this year.
The Akida platform drives efficient and intelligent edge devices for an artificial-intelligence-of-things market that could be worth US$1 trillion by 2030, BrainChip said, citing an industry report.
BrainChip Chief Executive Sean Hehir said the platform significantly extended his company’s competitive advantage in so-called neuromorphic AI.
“This new generation of Akida allows designers and developers to do things that were not possible before on an edge device,” Hehir said.