Qualcomm is acquiring Modular, an AI infrastructure software company, in a move aimed at enhancing its AI software stack and improving its position in the rapidly growing inference market, CNBC reported.
Qualcomm (Nasdaq: QCOM) said the acquisition will help customers deploy AI more efficiently across a range of computing environments. Modular develops software designed to optimize AI workloads and infrastructure performance. Its technology is focused on helping enterprises run AI models more efficiently, a growing priority as escalating token and compute costs place increasing pressure on corporate AI budgets.