Arm boss Rene Haas has said fears about AI hurting software companies, which triggered a market sell-off this week, are a “micro-hysteria” that exceeds the reality of how businesses are using the tools.
The chief executive of the SoftBank-owned chipmaker played down anxiety about the software group being disrupted by AI coding and workplace tools, such as the one recently released by Anthropic that kicked off a market rout.
“As I look at enterprise AI deployment, we aren’t anywhere close to where it can be,” Haas said. Coding was “not the monster use case across world GDP . . . I think people are maybe kind of confusing a whole bunch of different things here,” he added.
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