13 AI News You Probably Missed

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10. Arm Holdings plc (NASDAQ:ARM)

Market Capitalization: $149 Billion

Arm Holdings plc (NASDAQ:ARM) architects, develops, and licenses central processing unit products and related technologies for semiconductor companies and original equipment manufacturers. According to Rene Haas, the CEO of the firm, more than 300 billion Arm-based chips have been shipped to customers all over the world. Haas made the comments during the second quarter earnings call. Haas highlighted the importance of AI during his remarks, noting that AI was everywhere and Arm was the only compute platform that could run AI from the edge to the cloud. Per Haas, AI was driving demand for performance and power-efficient compute platforms everywhere.

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