Qualcomm Nears $4 Billion Acquisition of AI Startup Modular
The deal would boost Qualcomm’s AI software capabilities and challenge NVIDIA’s dominance in AI inference.
The deal would boost Qualcomm’s AI software capabilities and challenge NVIDIA’s dominance in AI inference.
Qualcomm is in early talks to buy Jim Keller’s Tenstorrent to expand its AI chip capabilities and challenge Nvidia in data center and edge AI. Intel is also interested.
Nvidia launched RTX Spark, a new AI chip for PCs, challenging Intel, AMD and Qualcomm. Stocks moved after the news.
Qualcomm will supply millions of AI ASICs to ByteDance (TikTok’s owner) to power its AI inference and Doubao chatbot.
Trump visits China with top US CEOs to improve trade, tech ties, and investment between the US and China.
Qualcomm beats expectations, shifts beyond phones as auto & AI grow, but weak smartphone demand still weighs on outlook.