The shares of Brainchip Holdings Ltd (ASX: BRN) have been a big mover today climbing 12% to 32.5 cents after the artificial intelligence company announced that its technology has been deployed at the Mohegan Sun Casino in Connecticut.
This exciting company's Game Outcome solution is being used to monitor and provide alerts for gaming operators to oversee the outcome of card games.
Game Outcome utilises BrainChip's spiking neuron adaptive processor (SNAP) technology to determine cards and outcomes in real‐time. It is already being used across the baccarat tables of one of Las Vegas' biggest casinos.
BrainChip's president and CEO Louis DiNardo had this to say on the deal:
"We have previously demonstrated success in Las Vegas at one of the largest gaming operators in the world and now have a meaningful relationship with one of the largest independent gaming operators in North America. The gaming industry provides us a large and target rich environment for a solution that is now well proven."
Furthermore, its technology has caught the attention of a number of other industries. A large European industrial company has expressed interest over the potential use of its technology in a visual inspection system for its manufacturing process.
In addition to this trials have commenced with a European law enforcement agency and also within a school district in the state of New York.
I'm a big fan of the company and believe it has a great deal of potential. But it's still too soon for an investment for me. I would suggest investors sit tight and wait to see how the trials in other industries progress.
Until then investors may be better served with an investment in fellow tech share Altium Limited (ASX: ALU).
