Qualcomm nears $4bn Modular deal to rival Nvidia

Qualcomm is closing in on a deal to buy AI-software startup Modular for about $4bn. The Qualcomm Modular deal would hand the chipmaker fresh ammunition in its fight to rival Nvidia.

Qualcomm has entered advanced talks to acquire Modular, according to Bloomberg. The deal would value the AI-infrastructure software company at roughly $4bn.

An announcement could come within weeks. A final agreement remains uncertain, and the terms could still change. Qualcomm declined to comment, and Bloomberg could not immediately reach Modular.

Why Qualcomm wants Modular

Qualcomm built its name on the chips inside smartphones. It now wants a bigger role in AI, where Nvidia dominates.

Buying Modular would help. The startup builds software that ties together the messy, fragmented world of AI computing. It is the layer that decides how models run across the chips and data centres that power them.

That software matters as the industry shifts from...

Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE