廣告
香港股市 已收市
  • 恒指

    16,541.42
    +148.58 (+0.91%)
     
  • 國指

    5,810.79
    +82.66 (+1.44%)
     
  • 上證綜指

    3,041.17
    +30.50 (+1.01%)
     
  • 滬深300

    3,537.48
    +16.52 (+0.47%)
     
  • 美元

    7.8254
    -0.0002 (-0.00%)
     
  • 人民幣

    0.9221
    -0.0007 (-0.08%)
     
  • 道指

    39,807.37
    +47.29 (+0.12%)
     
  • 標普 500

    5,254.35
    +5.86 (+0.11%)
     
  • 納指

    16,379.46
    -20.06 (-0.12%)
     
  • 日圓

    0.0515
    +0.0000 (+0.02%)
     
  • 歐元

    8.4387
    -0.0019 (-0.02%)
     
  • 英鎊

    9.8720
    -0.0040 (-0.04%)
     
  • 紐約期油

    83.11
    -0.06 (-0.07%)
     
  • 金價

    2,254.80
    +16.40 (+0.73%)
     
  • Bitcoin

    69,939.17
    -466.38 (-0.66%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

Softbank's Power Play: Arm Charges into AI Arena with Power-Packed Chips

  • Softbank Group Corp (OTC: SFTBF) (OTC: SFTBY) is betting on the artificial intelligence momentum to pique investor curiosity ahead of its much-anticipated initial public offering.

  • Arm technology enables many AI applications and will be fundamental to building the next wave of AI innovations, Bloomberg cites CEO Rene Haas at the Computex trade show in Taiwan on Monday.

  • Arm launched two new products to boost smartphone performance, including the Arm Cortex-X4, its fourth-generation Cortex-X core, and the Arm Immortalis-G720, based on its fifth-generation GPU architecture.

  • The British chip designer touted the Cortex-X4 as the fastest CPU it is made so far, with a focus on enabling artificial intelligence and machine learning-based apps.

  • Arm also launched a new platform called for mobile computing called Arm Total Compute Solutions 2023 (TCS23).

  • It also maintained its partnership with Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM).

  • Arm is chasing a lofty valuation taking a cue from NVIDIA Corp (NASDAQ: NVDA), which is on the verge of becoming the first trillion-dollar chipmaker thanks to the AI wave.

  • Haas said that on-device and small-scale AI processors would all run Arm technology, citing examples from Amazon.com Inc's (NASDAQ: AMZN) Alexa voice assistant and Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Pixel phones to smart traffic light management and robotic beehive maintenance.

  • He quoted Nvidia's Grace Hopper's next-generation architecture for accelerating AI as another example of Arm technology in the AI supply chain.

  • Jefferies analyst Atul Goyal expected Softbank to play the AI card to tap investor interest for Arm, despite most of its current business being based on designing and licensing semiconductor IP, particularly for mobile devices.

  • Price Action: SFTBF shares closed higher by 1.94% at $37.39 on Friday.

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

This article Softbank's Power Play: Arm Charges into AI Arena with Power-Packed Chips originally appeared on Benzinga.com

.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.