Australian AI chipmaker BrainChip up 11% on US patent grant

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Australian AI chipmaker BrainChip up 11% on US patent grant
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Australia's BrainChip Holdings Ltd surged nearly 11 per cent to mark its best day in six weeks after the advanced artificial intelligence chipmaker received a patent grant in the United States on one of its neuromorphic processors.Neuromorphic processors mimic the way the brain works and allow devices to

Australia's BrainChip Holdings Ltd surged nearly 11 per cent to mark its best day in six weeks after the advanced artificial intelligence chipmaker received a patent grant in the United States on one of its neuromorphic processors.

Shares of BrainChip were trading 7.4 per cent higher at A$0.3975 at 0337 GMT, their highest level since June 19, and were the biggest gainers on the ASX 200 benchmark index.

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