Nvidia's $40 billion Arm acquisition is about bringing AI down from the cloud

Nvidia's $40 billion acquisition of Arm is a hugely significant deal for the tech world, with implications that will take years to unravel spanning many areas of the sector. But if you listened to the press babble coming from the two companies over the last 24 hours, you'd think there was only one factor driving the purchase: artificial intelligence. "AI is the most powerful technology force of our time. It's the automation of automation, where software writes software," Nvidia CEO Jensen Huang told journalists during a press call this morning. "Together, [Nvidia and Arm are] going to create the world's premier computing company for the age of AI." On the same call moments later, Arm CEO Simon Segars repeated these sentiments.