TECH - SoftBank's Masayoshi Son Talks AI Future At Arm's Historic IPO | Benzinga
Arm Holdings PLC (NASDAQ: ARM), known for its CPUs that Nvidia Corp.'s (NASDAQ: NVDA) GPUs rely on for artificial intelligence, took center stage Thursday with its IPO at a valuation of $54.5 billion, setting the record for 2023.
The company shares are now trading at the $60 level, with SoftBank Group Corp - ADR (OTCMKTS: SFTBY), the 2016 buyer of Arm for $32 billion, retaining 90% of its holdings.
In a Thursday CNBC interview, discussions veered toward the future of artificial intelligence (AI). Masayoshi Son, SoftBank's founder, shared his thoughts.
"Since I started SoftBank, I [have been] a big believer of the micro-processes enabling all kinds of technology evolution starting with PC, and then Mobile, Internet, and then now going into AI. AI is the front end of all the ...