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SoftBank chairman Masayoshi Son told shareholders UK chip design firm Arm (ARM.O) will evolve from a designer into a chip provider and that he will personally take part in its manufacturing. He predicted the AI era will be CPU-centric and said Arm still has more than 10x growth potential. Son added SoftBank’s roughly JPY300 billion investment in Intel, once controversial, has generated market-value gains amounting to tens of trillions of yen.

U.S. Treasury Secretary Bessent said the Fed should remain open to potential productivity gains from artificial intelligence.