SoftBank Group's Arm Holdings plans to develop artificial-intelligence (AI) chips, seeking to launch the first products in 2025, Nikkei Asia reported on Sunday. UK-based Arm will set up an AI chip division and aim to build a prototype by spring 2025, the report said. Mass production will be handled by contract manufacturers and is expected to start in the autumn of 2025, Nikkei Asia said. Arm will pay for initial development costs, which may total hundreds of billions of yen, with SoftBank also...
The administration of President Ferdinand Marcos Jr. plans on increasing the country's tourist arrivals by 10-fold as the Philippines aims to become the region's next "tourism behemoth."
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(Bloomberg) -- SoftBank Group Corp. reported its second straight quarter of profitability as the Japanese tech investor benefited from an artificial intelligence investment boom that has buoyed assets like Arm Holdings Plc. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindPutin Names Economist as Defense Minister in Surprise ReshuffleChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGlobal Chips Battle Intensifies With $81 Billion Subsidy...
Artificial intelligence (AI) projects are set to comprise up to 10% of companies’ IT budgets. That’s according to a report Sunday (May 12) by Seeking Alpha, citing research by Wedbush. As the report notes, it’s a dramatic jump in AI spending, which last year accounted for under 1% of IT spending. “While the first wave of […]
Generative AI could drive rural data center and broadband growth, according to a new report from CoBank Knowledge Exchange. Data centers traditionally have been built in urban areas, where there is plenty of power and broadband connectivity. But according to
The artificial intelligence wave constricts high-bandwidth memory chip supplies of two of the world's largest suppliers.
UK-based Arm, one of the world’s key players in the chip market, is reportedly planning to expand into the development of AI chips. Arm designs the building architecture for chips (mainly) in consumer electronics, which it licenses to semiconductor giants such as Qualcomm and Nvidia. The company claims that its technology is powering 99% of premium smartphones on the market. Japanese SoftBank Group holds a 90% stake in the chip designer.The move towards AI chips is part of SoftBank's...
The U.K.-based chip designer, in which SoftBank has a 90% stake, will set up an AI chip unit to build a prototype by spring 2025, according to the report.
The firm aims "to strengthen its competitiveness amid an uncertain global business environment," Samsung Electronics said.
PaLM AI (PALM) traded up 13.7% against the dollar during the 24 hour period ending at 17:00 PM ET on May 15th. PaLM AI has a market cap of $74.53 million and $1.95 million worth of PaLM AI was traded on exchanges in the last 24 hours. One PaLM AI token can now be bought […]
SK Hynix and Micron – the world's largest memory chip suppliers – are out of high-bandwidth memory chips for 2024, while the stock for 2025 is also almost sold out.