🏠 Flex Those Arms
Arm goes public
Gm. I saw Barbie yesterday and it was super mid. Very disappointing. But hey, at least today’s newsletter isn’t mid.
Arm Files For An IPO
You may have seen the subject line of today’s newsletter and thought, “what the hell are they talking about”.
Well, we’re talking about none other than the current main character, Arm.
Also known as the newest tech company to go public.
A Big Deal
It’s hard to find a tech company more important to the world than Arm.
That iPhone you’re reading this email on? Powered by a chip designed by Arm. Oh, you have an Android? Yeah, same thing.
99% of the world’s smartphones use a chip designed by Arm. The company is so important that its CEO literally said other tech companies out there have no choice but to work with Arm.
It was for this reason that SoftBank acquired Arm for $32B back in 2016.
Taking The Show Public
Of course, SoftBank is in the business of making money. So they tried to sell Arm to chip kingpin Nvidia. But that plan failed because of regulator pushback.
So they said screw it and are taking Arm public in New York instead.
And with an expected valuation between $60B and $70B, it could be quite lucrative for SoftBank.
A Lot Of Room To Run
There is good reason to believe that Arm’s best days are still ahead of them.
The newfound demand for AI has caused a chip boom, and Arm is well-positioned to capitalize. They have already made two new chip sets specifically designed for AI applications.
If they play their cards right, there’s no reason why this IPO can’t be a very successful one.
The Big Picture: Tech IPOs have been chilly for a couple years now. Arm’s debut might be the spark to get the fire started again.
What else is going on?
Stat: 100: How many languages Meta’s new AI model can transcribe.
Rabbit hole: Elon’s Shadow Rule (The New Yorker)
😂 WACKY AI WEDNESDAY
🤥 3 LIES & A HEADLINE
News is so weird these days. Three of these headlines are fake stories from The Onion while one is actually true. Can you spot the truth amongst the fakes?
A. Silicon Valley Touts Man Who Shows Up To Steal One Of Your Bones As New Tech Innovation
B. Study: Living Happy Life Strongly Correlated To Thinking About Property Values All The Time
C. Biden Visits Maui To Promote New Destination
D. Diners Order Salad And Fries And Call It A Meal
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💉 DOPAMINE HIT
Preparing hibachi in my college dorm room 🍱🍤🍣 (Lazy Pot & Griddle out now) #foodtiktok #foodtok #foodie #lazypotnoodle #dormlife #asmr #h... See more
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