SoftBank Subsidiary Arm To Venture Into AI Chip Development

According to Foresight News, Arm, a subsidiary of SoftBank Group, is set to venture into the development of AI chips. The company plans to establish an AI chip department and aims to launch its first batch of related products next year. This move is part of SoftBank Group CEO Masayoshi Son's initiative to transform the group into an AI giant, with an investment of 10 trillion yen (equivalent to 64 billion USD). The transformation also includes investments in data centers and robotics technology.