Arm unveils new AI chip, expects it to add billions in annual revenue

SAN FRANCISCO, March 24 (Reuters) - Arm Holdings (ARM)announced a new artificial intelligence data center chip on Tuesday which it said will add billions of dollars of revenue and ‌represent a significant shift in the company's strategy. The new chip, called the AGI CPU, ‌will address data-crunching needed for a specific type of AI that is able to act on behalf of users with minimal ​oversight, instead of responding to queries as part of a chatbot. So-called agentic AI has jumpstarted demand for the cent ...