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  "documentTitle": "Axon Enterprise (formerly TASER) (AAXN)",
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  "presentationDate": "2019-06-19 00:00:00",
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  "notes": "Uses a red arrow to visually connect the CEO's claims to the eventual financial impairment.",
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      "kind": "callout",
      "text": "Q2'17 Aug 2017 CEO Smith commenting to a question on RMS / AI: “Yeah. This is Rick. I'll take that one. We expect that we will be starting to field trials late this year. We'll likely be making some announcements at the IACP Conference in October about some specific products related to some of these capabilities and we expect in 2018 that we'll start to see revenue contribution”.",
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      "kind": "callout",
      "text": "Q4'16 Feb 2017 CEO Smith: “Our company's advantages in AI aren't just somewhat better than our competitors, it's structurally superior”.",
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      "kind": "callout",
      "text": "2018 10-K: “During the year ended December 31, 2018, we abandoned certain developed technology acquired in a business combination resulting in an impairment charge of $2.0 million. During the year ended December 31, 2017, we abandoned certain developed technology acquired in a business combination resulting in an impairment charge of $1.0 million”.",
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      "kind": "callout",
      "text": "Axon would then later report abandoning $3.0m or 27% of what it hyped as \"structurally superior\" AI.",
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      "kind": "other",
      "text": "Red arrow pointing down",
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      "kind": "paragraph",
      "text": "In Feb 2017, Axon announced two acquisitions to launch a new artificial intelligence group “Axon AI”. The acquired technologies and team of about 20 researchers and engineers “will accelerate the introduction of new AI-powered capabilities for public safety.” Dextro was purchased for $7.5m ($5.8m acquired technology) and Fossil was purchased $6.8m ($5.2m of acquired technology). Axon would then later report abandoning $3.0m or 27% of what it hyped as “structurally superior” AI.",
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      "text": "Our company's advantages in AI aren't just somewhat better than our competitors, it's structurally superior. — CEO Smith, Feb 2017",
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      "kind": "title",
      "text": "Artificial Intelligence Hype Already Failing",
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