Softbank Group Chief Operating Office Marcelo Claure said in a keynote speech at Arm TechCon 2018 in San Jose, California that that a trillion connected devices on the internet of things will generate $11 trillion in value by 2025. This is based on the assumption that about 100 IoT devices will exist for every person.
Claure went on to say that a survey had showed 98 percent of companies have IoT on their strategic roadmaps, and 50 percent see IoT as a strategic priority.
In addition, 96 percent of companies expect to increase their spending on IoT in the next three years.
The 5G technology that will replace much of the existing wireless infrastructure will enable up to 100 times data transfer speed, enabling the big data and massive computing needed for IoT.
Claure was reported as saying that he is betting on the Singularity coming in the next 30 years, when collective artificial intelligence will exceed the intelligence of humanity, saying “We expect intelligent machines to surpass the ability of the human brain by at least one million times in 30 years,” according to Venture Beat. He went on to say, “We expect intelligent machines to surpass the ability of the human brain by at least one million times in 30 years.”
Also at the Arm TechCon event, Arm described its Neoverse, a cloud-to-edge infrastructure that the chip design company hopes will support a world with a trillion intelligent devices.
Softbank completed its $31 billion acquisition of ARM Holdings back in 2016. Softbank’s move to buy the UK company was said to be in order to take full advantage of the development of IoT.