TECH - Arm Holdings CEO Rene Haas Says Experts Underestimated The Rapid Growth Of AI: 'The Analysts Maybe Didn't Quite Understand…' | Benzinga
SoftBank Group subsidiary Arm Holdings (NASDAQ:ARM) CEO Rene Haas believes that analysts have underestimated the pace at which artificial intelligence is advancing.
What Happened: Haas made these comments during an interview with Yahoo Finance’s Market Domination Overtime on Monday. He pointed out that AI will significantly change people’s lives and that 70% of the world’s devices use Arm chips, positioning the company well in the AI race.
He said, “I think respectfully, the analysts maybe didn’t quite understand or have an appreciation at the pace of which things were moving,” referring to the rapid growth of AI.
Haas also highlighted the potential of AI to drive growth in the smartphone and Arm sectors, given that most devices already use Arm chips and software.
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