Last year, Softbank attempted to sell Arm to Nvidia for $40 billion, but the deal was canceled, and Arm went public on the US stock market, valuing the company at $54.5 billion. Softbank's CEO, Masayoshi Son, expressed his belief in the future of AI and Arm's significant role in it.
Key takeaways:
- Rene Haas, CEO of Arm, expressed concerns about humans losing control over AI and emphasized the need for an override system to shut it down.
- Arm, the company Haas leads, designs chips that power AI tools, smartphones, tablets, and semiconductors.
- Last year, Softbank attempted to sell Arm to Nvidia for $40 billion, but the deal fell through and Arm listed on the US stock market, valued at $54.5 billion.
- Softbank CEO Masayoshi Son expressed his belief in the future of AI and Arm's significant role in it.