Qualcomm is buying Modular for $4 billion to take on Nvidia where it actually counts

Qualcomm is in advanced talks to acquire AI inference and compiler startup Modular Inc. at a $4 billion valuation, Bloomberg reported on June 22, two days before the company's Investor Day. The deal would give Qualcomm the software stack it needs to back its data center chip ambitions, pairing the MAX inference framework and Mojo programming language with Qualcomm's XPU accelerator roadmap as it challenges Nvidia's dominance in AI infrastructure.