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Qualcomm said on Wednesday it would ​buy AI startup Modular in ​an all-stock deal valued at nearly $4 billion, gaining access ​to software that runs AI models across chips without having to write code for each processor.

Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin ‌Nvidia’s AI dominance by ⁠tying ⁠millions of developers to the $5 trillion company’s chips.

As part of the deal, Qualcomm expects ​to issue up to 19.2 million shares of its common stock to Modular’s ​equity holders.