Qualcomm acquired AI startup Modular for roughly $4 billion, more than doubling its last valuation, to boost its data center AI software capabilities.

June 22 : Qualcomm is in advanced discussions to acquire Modular Inc in a transaction valuing the AI chip company at about $4 billion, Bloomberg News reported on Monday, citing…

A global supplier of smartphone chips, Qualcomm has been working to reduce its reliance on the volatile handset market by branching out into fast-growing areas like data…