Veritone to add BrainChip to aiWARE artificial intelligence platform

BrainChip Holdings (ASX: BRN) has inked a deal to integrate its AI-powered BrainChip Studio with NASDAQ-listed Veritone’s aiWARE platform.

Veritone Developer program member BrainChip is currently integrating its Studio technology with aiWARE so the program can draw on the Australian-listed company’s AI-powered object recognition and facial classification technology.

The Veritone platform consists of cognitive engines that can collectively trawl multimedia sources for actionable insights that BrainChip said had “unprecedented accuracy”.

aiWARE’s sources include radio and TV broadcasts, surveillance footage, and public and private content.

BrainChip marketing and business development senior vice-president Bob Beachler called the Veritone integration a new distribution channel for BrainChip’s spiking neural network technology.

“The Veritone aiWARE platform is essentially future-proofing AI, with a complementary and continuously-growing portfolio of cognitive engines and applications that can serve as a robust solution to our mutual customers,” he said in a statement to the market today.

BrainChip’s neural network has previously been used in game statistics and game outcome solutions at a leading casino in Las Vegas, Nevada.

BrainChip rollout

Early-access customers are already using BrainChip Studio on aiWARE, with full rollout tipped for the June quarter of 2018.

Veritone product marketing vice-president Mike Morper said the Californian company anticipated the BrainChip object search and facial classification capabilities would be vital for many of the platforms its customers use in the media, government, and law enforcement markets.

“BrainChip’s one-shot training for object search and facial classification provides a capability not found in the other cognitive engines in the aiWARE portfolio,” he observed.

New brain on board

BrainChip announced a change-up to its chief executive and chairman roles on Tuesday, revealing its San Francisco-based chief executive Louis DiNardo would become interim chairman of its board of directors in May.

Executive chairman Eric “Mick” Bolto will resign as a company director and chairman effective 1 May.

The board unanimously resolved to both appoint Mr DiNardo as interim chairman and board newcomer Steve Liebeskind as a director.

New brain Mr Liebeskind will serve as a director while the company undertakes a search for a permanent Australian director.

The Sydney Capital Partners co-founder and principal is a chartered accountant and experienced front-line manager.

He was previously a staffer with Ernst & Young and PwC and has headed four telecommunications, technology and financial services companies.

Mr Bolto will also be appointed a consultant during the transition period to ensure a smooth handover to the new director and new chairman.

BrainChip securities rested up 3.7% at A$0.14 by late lunchtime.