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The Economic Times
The Economic Times

Qualcomm to buy AI startup Modular for $4 billion in AI software push

Qualcomm Modular Nvidia

Qualcomm said on Wednesday it would buy AI startup Modular ​in an all-stock deal valued ​at nearly $4 billion, gaining access to software that runs ​AI models across chips without having to write code for each processor.

Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia's AI dominance by ‌tying millions ⁠of ⁠developers to the $5 trillion company's chips.

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