10 AI News You Probably Missed

6. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38

Arm Holdings plc (NASDAQ:ARM) designs and licenses microprocessors, system IPs, and related technologies for semiconductor companies, supporting various industries including automotive, computing, and IoT.

Arm Holdings (NASDAQ:ARM) has appointed Eric Hayes as executive vice president of Operations, effective immediately. Hayes will oversee the execution of operational activities across multiple products, reporting to Arm CEO Rene Haas. Hayes brings extensive experience, having previously served as CEO of Fungible Inc. before its acquisition by Microsoft in 2023. He also held leadership roles at Inphi Corporation, Marvell Technology, Cavium, Inc., and Broadcom Inc. Hayes will focus on aligning operational activities as Arm expands its portfolio, especially in the growing AI market. Arm CEO Rene Haas said:

“Aligning on the operational activities across products and solutions is critical as we continue to diversify our portfolio and meet the increasingly complex demands of AI… Eric is a long-time industry veteran who brings extensive experience in operations and the strategic planning that will advance innovation across the ecosystem as we build the future of computing on Arm.”