Arm CEO: AI will progress much faster than internet

In an interview with Bloomberg, Arm Holdings CEO Rene Haas expressed excitement about the rapid pace of AI development, predicting it will advance much faster than the internet did, with dramatic changes likely within 5-10 years. Haas, who recently led Arm to a successful $4.87 billion IPO, said the chip designer’s growth is mainly limited by the need for more engineering talent to meet broad demand across industries like smartphones, PCs, automobiles and data centers.

The CEO emphasized the need for both more energy-efficient chips and increased electricity generation to power growing AI applications. He expects Arm to maintain its 15% share of the business in China while seeing innovation in areas like electric vehicles and smartphones. Haas noted that semiconductor industry leaders now interact much more with government officials on policy and strategy compared to 10 years ago, driven by geopolitical complexities and the sector’s increased importance.

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