Qualcomm is set to acquire Modular, an AI software company, for nearly $4 billion. This deal aims to challenge NVIDIA's dominance in AI hardware by combining efficient silicon with smarter software. Modular's technology allows companies to build and deploy AI models more efficiently, reducing the total cost of running AI.
The acquisition is expected to close in the second half of the year, pending regulatory approval. This move is part of Qualcomm's efforts to expand its AI portfolio and bolster its software stack.
In other news, NVIDIA's AI chips have seen a sharp price increase in China's underground market due to tighter enforcement of US export restrictions. The prices of NVIDIA's advanced AI hardware have climbed, reflecting growing difficulty in obtaining restricted products.
The tech sector has seen a sell-off, with stocks like NVIDIA, Micron, and Alphabet leading losses as investors grew cautious about the AI sector. The sell-off was driven by a decline in GPU prices and semiconductor demand.
Meta Platforms Inc. is fighting a bid by 13 authors to appeal a ruling that the company's use of their works to train Llama large language models was fair use. The company argued that the decision was not a novel legal question warranting appellate review.
Seltz, a startup rebuilding web search for AI agents, has raised $12.5 million in seed funding. The company aims to provide timely and relevant information for AI agents, which need to surface information about news, products, and services.
Facebook has rolled out an AI companion app for creators, providing access to AI-powered tools and features. The app includes a conversational AI assistant that can help creators with content ideas and performance analysis.
Investors are using AI for financial decisions but still value human financial advisors for complex decisions. A survey by HSBC found that most US investors prefer human investment advice over AI-powered tools.
Key Takeaways
['Qualcomm to acquire Modular, an AI software company, for nearly $4 billion.', "Deal aims to challenge NVIDIA's dominance in AI hardware.", "NVIDIA's AI chips see sharp price increase in China's underground market.", 'Tech sector sees sell-off, with NVIDIA, Micron, and Alphabet leading losses.', "Meta fights authors' bid to appeal ruling on Llama large language models.", 'Seltz raises $12.5 million in seed funding to rebuild web search for AI agents.', 'Facebook rolls out AI companion app for creators.', 'Investors use AI for financial decisions but still value human advisors.', 'Qualcomm aims to expand AI portfolio with Modular acquisition.', 'Analysts remain bullish on AI chip leaders despite sector-wide selloffs.']Qualcomm Acquires AI Software Firm Modular
Qualcomm has agreed to buy Modular, an AI software company, for nearly $4 billion. This acquisition aims to challenge NVIDIA's dominance in AI hardware. Modular's technology allows companies to build and deploy AI models more efficiently. Qualcomm believes that combining efficient silicon with smarter software will reduce the total cost of running AI. The deal is expected to close in the second half of the year.
Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal
Qualcomm has agreed to acquire Modular, an AI software company, for $3.9 billion. This deal aims to make AI faster and cheaper for Qualcomm's customers. Modular's technology allows companies to build and deploy AI models more quickly and efficiently. The acquisition is expected to close in the second half of the year, pending regulatory approval.
Qualcomm to Buy AI Startup Modular
Qualcomm is buying Modular, an AI startup, for roughly $4 billion. This deal pits Qualcomm against NVIDIA's CUDA software platform. Modular's software helps run AI models efficiently across different hardware. The acquisition is expected to close in the second half of 2026.
Qualcomm Buys Buzzy Chip Startup Modular for Nearly $4 Billion
Qualcomm has agreed to buy Modular, a chip software startup, for nearly $4 billion. Modular develops software tools for building and deploying AI models. The acquisition marks a significant expansion of Qualcomm's efforts in AI. Modular's technology will be integrated into Qualcomm's Snapdragon chip platform.
Qualcomm inks deal for AI startup Modular to bolster software stack, data center buildout
Qualcomm is buying Modular, an AI infrastructure startup, to bolster its AI portfolio. Modular's tools help businesses run AI more efficiently. The deal is expected to close in the second half of 2026. Qualcomm aims to expand its footprint in the data center market as AI demand surges.
Nvidia's banned AI chips double in price on China's black market, FT reports
Nvidia's AI chips have doubled in price on China's black market due to export controls. The price increase reflects growing difficulty in obtaining restricted AI hardware through unofficial channels. Chinese companies continue to seek access to Nvidia's hardware for high-performance computing tasks.
Nvidia AI Hardware Prices Jump in China as Export Controls Squeeze Supply
Nvidia's AI hardware prices have risen sharply in China's underground market due to tighter enforcement of US export restrictions. Prices of Nvidia's advanced AI hardware have climbed, reflecting growing difficulty in obtaining restricted products. Demand for Nvidia products remains resilient despite Beijing's efforts to promote domestic AI chips.
Nvidia, Micron, Alphabet lead tech sell-off as AI trade cools
Tech stocks, including Nvidia, Micron, and Alphabet, led losses as investors grew cautious about the AI sector. The sell-off was driven by a decline in GPU prices and semiconductor demand. Investors are becoming more cautious about the tech sector's outlook.
This AI Note-Taking Voice Recorder Drops to a Record Low, Supporting 113 Languages for Calls, Meetings, Lectures, Interviews
The Comulytic Note Pro AI voice recorder can capture calls, meetings, and video conferences, generating transcriptions and summaries. It supports over 113 languages and has a long-lasting battery. The recorder comes with a Lifetime Free Starter Plan and offers advanced tools for a premium fee.
Silent Partner AI Secures Investment from NYO Capital
Silent Partner AI, a Washington-based startup, has secured investment from NYO Capital. The company serves dealerships across North America, integrating with CRM and DMS platforms. Silent Partner AI's solutions help dealerships improve lead engagement and automate customer communications.
Investors Are Using AI for Financial Decisions. They Still Want a Human Advisor.
A survey by HSBC found that most US investors prefer human investment advice over AI-powered tools. However, investors are using AI-powered tools to make investment decisions, but still value human financial advisors for complex decisions.
Meta Fights Authors' Bid For Quick Appeal In AI Training Case
Meta Platforms Inc. urged a California federal judge to reject a bid by 13 authors to appeal a ruling that the company's use of their works to train Llama large language models was fair use. Meta argued that the decision was not a novel legal question warranting appellate review.
Exclusive: Seltz, a startup rebuilding web search for AI agents, raises $12.5 million in seed funding
Seltz, a startup, has raised $12.5 million in seed funding to rebuild web search for AI agents. The company aims to provide timely and relevant information for AI agents, which need to surface information about news, products, and services.
Facebook rolls out an AI companion app for creators
Facebook has rolled out an AI companion app for creators, providing access to AI-powered tools and features. The app includes a conversational AI assistant that can help creators with content ideas and performance analysis.
Wall Street Lunch: AI Chip Stocks Sink As Investors Take Profits, Analysts Stay Bullish
AI chip stocks, including Samsung Electronics and SK Hynix, are under pressure amid profit-taking and sector-wide selloffs. Despite the correction, analysts remain bullish on AI chip leaders, with BofA raising semiconductor market estimates to $2.7T by 2030.
Sources
- Qualcomm Acquires AI Startup Modular To Challenge NVIDIA's Dominance
- Qualcomm to Acquire AI Software Firm Modular in $3.9 Billion Stock Deal
- Qualcomm to buy AI startup Modular
- Qualcomm Buys Buzzy Chip Startup Modular for Nearly $4 Billion
- Qualcomm inks deal for AI startup Modular to bolster software stack, data center buildout
- Nvidia's banned AI chips double in price on China's black market, FT reports
- Nvidia AI Hardware Prices Jump in China as Export Controls Squeeze Supply
- Nvidia, Micron, Alphabet lead tech sell-off as AI trade cools
- This AI Note-Taking Voice Recorder Drops to a Record Low, Supporting 113 Languages for Calls, Meetings, Lectures, Interviews
- Silent Partner AI Secures Investment from NYO Capital
- Investors Are Using AI for Financial Decisions. They Still Want a Human Advisor.
- Meta Fights Authors' Bid For Quick Appeal In AI Training Case
- Exclusive: Seltz, a startup rebuilding web search for AI agents, raises $12.5 million in seed funding
- Facebook rolls out an AI companion app for creators
- Wall Street Lunch: AI Chip Stocks Sink As Investors Take Profits, Analysts Stay Bullish
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