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Arm is 'leader of the AI revolution,' SoftBank CFO says

Japanese group plans to hold Nasdaq-listed stock for 'long term:' finance chief

SoftBank CFO Yoshimitsu Goto called Arm the company's "most important subsidiary." (Photo by Hirofumi Takeuchi)

NEW YORK -- U.K. chip designer Arm is SoftBank Group's most important unit and key to its artificial intelligence strategy, the Japanese investor's finance chief said Thursday after Arm's Nasdaq debut.

Speaking to reporters outside the Nasdaq market site here, Yoshimitsu Goto said Arm is "in the leading position of the artificial intelligence revolution that we have been strategically advancing."

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