Nvidia CEO: We gave Arm deal our best shot

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Nvidia CEO Jensen Huang said in a conference call with analysts that regulators would not oppose Nvidia’s proposed $ 80 billion acquisition of Arm.

“We gave him our best shot, but the headwinds were very strong, and we couldn’t get regulators to approve our deal,” Huang said.

As a result, the company stopped its efforts to buy arms. Arm CEO Simon Segers resigned and Softbank said Arm would try to make an initial public offering instead next year.

Huang made the remarks in a conference call with analysts following the announcement of fourth-quarter earnings, which ended on January 30.

Nvidia proposed acquiring Arm in September 2020 as it plans to move to high-performance computing central processing units (CPUs) and expand into new markets. But Huang said the company’s future focus will be on accelerated computing and is on track to deliver its first major arm-based CPU in early 2023.

He said Nvidia has a 20-year architectural license with Arm that gives the company design options. Huang said Nvidia has multiple arm design projects at work, such as Connected Products, Industrial Automation, Robotics and more.

“We will deliver on our three-chip strategy of graphics processing units, data processing units and CPUs,” Huang said.

He said he has seen growth drivers in other businesses, including hyperscale datacenters. He said that in future every website will have a chatbot for customer service. Each point-of-sale location will have chatbots and AI-based customer service. Retail checkout will be supported by AI agents. It is made possible by computer vision and the ability to recognize speech.

“Applications for AI are undoubtedly growing and growing rapidly,” Huang said.

He said that all future software will be written for AI by AI and when it is completed it will be AI.

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