What does Nvidia buying ARM mean for Raspberry Pi?

Over the weekend, Nvidia confirmed it would purchase ARM from Softbank for $40 billion.

Now, what is ARM, why is Nvidia buying it, and what does any of this have to do with the Raspberry Pi?

Well, let's start with ARM.

This blog post also has a video version to go along with it.

What is ARM?

ARM can refer to a number of things, but let's start by talking about the company, Arm Holdings. They have lineage dating back to Acorn computers, a British computer manufacturer founded in the late 1970s that designed the first 'Acorn RISC Machine architecture' chips, AKA 'ARM'.

BBC Micro Minicomputer - Source: Wikipedia