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International Business Times UK
International Business Times UK
Technology
Callum Conway-Shaw

UK Chip Designer Sees Shares Almost Double As AI Race Heats Up

United Kingdom European Union OpenAI Sam Altman Nvidia Facebook Microsoft
Meta has been investing billions of dollars to boost its computing capacity for the power-hungry generative AI products that it is integrating into services such as Facebook, Instagram, and WhatsApp. (Credit: AFP News)

UK chip designer 'Arm Holdings' has seen its stock market value almost double in less than a week, as the race to mass-produce AI technology heats up.

The Cambridge-based company reported financial results last Wednesday that showed demand for AI-related technology is boosting its sales.

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