BrainChip shares surge

BrainChip Holdings shares surged upwards 25 per cent today, after announcing it had developed advanced technology capable of learning, unsupervised, at high speed.

The company, whose shares closed at 20 cents, says it has completed the development of a system that can process and learn real-world digital features by observing and trying things out, rather than being told what to do.

Applications for the program include analysing financial data and sports performances, predicting in-game play scenarios, working with facial recognition software for security uses, improving motoring through the use of an ‘autopilot’, and enhanced drone operation and safety.

BrainChip said the Autonomous Feature Extraction system was a digital and hardware-based program able to process 100 million input events per second.

Today's surge in BrainChip's share price adds to the stock's volatile trading history.

It surged to nearly 40 cents after listing last September, and fell sharply to 16 cents earlier this month.

The company was developed out of an incubator at the Innovation Centre WA in 2012.