Qualcomm to acquire AI software company Modular

Qualcomm has announced its acquisition of AI software company Modular for $3.9 billion. This acquisition aims to enhance Qualcomm's AI software portfolio across data centers and edge environments by combining Qualcomm's chip manufacturing expertise with Modular's software platform. Modular's platform enables efficient operation of AI models across CPU and GPU units, reducing total ownership costs. Qualcomm stated that this acquisition is a response to changing constraints on the widespread deployment of AI, where efficiency has become the determining factor.