Qualcomm to buy AI startup Modular

Qualcomm Inc. has officially confirmed the acquisition of the AI startup Modular Inc. This strategic move is designed to integrate advanced artificial intelligence software capabilities into the company's portfolio. By acquiring Modular, Qualcomm aims to strengthen its overall push into the data center market, leveraging new software tools to enhance its competitive position and technical offerings within the evolving AI infrastructure landscape, as reported across multiple industry sources regarding the purchase.