SoftBank's Arm to Develop AI Chips, Reports Profits Post AI Shift
- SoftBank's subsidiary, Arm, is set to develop its own AI chips with plans for release in 2025.
- The move comes as SoftBank reports profits post-shift to AI focus.
- SoftBank plans to get more aggressive in AI and other fields after second-quarter profit and asset sales.
Arm, a company owned by SoftBank, is planning to make its own artificial intelligence (AI) chips. They want to do this because they have been making a lot of money from AI. Arm will start making these chips in 2025 and will make a lot of them by the end of that year. SoftBank will help pay for the costs of making the chips. They are talking to other companies to help make the chips in large numbers. Arm usually makes technology for smartphones and tablets. They want to make their own AI chips so they don't have to rely on another company called Nvidia. SoftBank made a lot of money in the last part of 2024 by focusing on AI. Arm is a big part of SoftBank's plans for the future. Arm's stock went up by 30% in February because of their plans for AI. Many other companies are also trying to make their own AI chips instead of depending on Nvidia. SoftBank is planning to invest a lot of money in making chips to compete with Nvidia. They made a profit in the last quarter and are doing well financially. SoftBank's plans for AI and technology are getting positive feedback from the market.