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.
