In early 2022, ASX-listed artificial intelligence company BrainChip Holdings was flying. At the Consumer Electronics Show in Las Vegas, Mercedes-Benz had just revealed it would use a microchip developed by the company in its newest electric vehicle concept, the EQXX.
The partnership was never confirmed on the ASX , but shares went into overdrive. BrainChip shares closed at $2.13 on January 19 that year, valuing the company at more than $3.6 billion.
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