15 AI News Investors Should Not Miss

11. Arm Holdings plc (NASDAQ:ARM)

Number of Hedge Fund Holders: 38

Arm Holdings plc (NASDAQ:ARM) is a semiconductor and software design company engaged in the design and manufacture of semiconductor technology and other related products. The company showcases leadership in mobile and AI technology with products like the Axion processor, Ethos-U85, and Windows on Arm. Its chips are used in concurrence with GPUs in data centers and to enable on-device AI features in smartphones.

On October 24, Arm Holdings plc (NASDAQ:ARM) revealed that it is collaborating with Meta’s PyTorch team on the ExecuTorch Beta release. The release aims to bring AI and machine learning (ML) capabilities to billions of edge devices and developers worldwide. Arm’s collaboration with ExecuTorch, a PyTorch-native framework designed to deploy AI models on mobile and edge devices, means improved performance for real-world use cases such as text generation and summarization. This is accomplished through the direct integration of Arm Kleidi technologies into the ExecuTorch framework, along with the optimization of Llama 3.2 models and enhanced quantization schemes for accelerating generative AI workloads on the Arm CPU. This results in developers benefiting from faster development and deployment at scale, while users communicate and learn in newer and more responsive ways.