Arm has unveiled its first tangible CPU – an actual hardware product. With a solid chance of a rebrand on the near horizon, the ‘AGI CPU,’ as it is called, is a substantial affair – aimed at data centers, hoping to cash in on the AI hype. The list of endorsements is encouraging, but with all AI plays, investors remain nervous that this bubble is going to pop in short order. As such, seeing Arm emblazon the lid of the CPU with the term ‘AGI’ is noteworthy. This is a phrase that was all the rage, just a few quarters ago, as the likes of OpenAI and Anthropic raced towards peak-AI-hype. Now, as investors expect returns, the AI industry influencers…