Qualcomm Acquires Modular for $3.9 Billion to Challenge Nvidia’s CUDA Software Lock-In (opens in new tab)

Qualcomm is acquiring Modular, the AI software startup behind the Mojo programming language and MAX inference engine, for $3.9 billion in stock. The deal gives Qualcomm the software layer to run AI on its own chips, challenging Nvidia's CUDA ecosystem that has locked in developers for 17 years.