Arm IPO to put SoftBank’s AI hard sell to the test

TOKYO : When SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question – will the company have “exponential growth” due to the boom in artificial intelligence as CEO Masayoshi Son claims?Since acquiring the chip designer in 2016, Son has positi

TOKYO : When SoftBank Group-owned chip designer Arm files for a Nasdaq IPO on Monday, investors are set to hone in on a key question – will the company have “exponential growth” due to the boom in artificial intelligence as CEO Masayoshi Son claims? Arm “is at the centre of a group of AI-related companies to generate synergies” and “85 per cent of SoftBank Group assets are AI-related companies overseas,” he told investors in June.

Via: channelnewsasia.com