Qualcomm is nearing a deal to acquire Modular for nearly $4 billion in a stock-and-cash transaction that would bring the startup's entire team onboard. The reported purchase would accelerate Qualcomm's move into broader AI software platforms and data-center chips beyond its traditional mobile business.
Qualcomm announced the acquisition of Modular on June 24 in an all-stock deal valued at nearly $4 billion (up to 19.2 million shares).
Modular developed a chip software platform and a proprietary coding language that lets developers write AI software capable of running across different chips without rewriting code for each one.
Its goal was to create a unifying software layer to maximize performance from GPUs and CPUs while challenging systems such as Nvidia's CUDA and AMD's ROCm.
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GlobalFoundries signed a multi-year US$2 billion agreement with TSMC on October 8, 2026 to manufacture silicon interposers at its Malta, New York fab. The deal creates the first US-based source of silicon interposers for TSMC's CoWoS advanced packaging ecosystem.
Anthropic has launched the Anthropic Cyber Mission to support defenders of critical infrastructure and open-source software with models, engineers, and tools. The initiative starts with the Critical Infrastructure Defense Program and free OSS Scanner amid ongoing challenges in verifying and fixing vulnerabilities.
Anthropic released Claude Haiku 5.5, its cheapest and fastest small model, at $0.10 per million input tokens and $0.50 per million output tokens for prompts up to 100,000 tokens. Anthropic says it costs around 75% less to run than Haiku 4.5 on average and scores far higher on its benchmarks.
OpenAI released 722 mathematical manuscripts, grouped into 372 result families, produced by an unreleased internal model. The papers are on GitHub, with Lean formalizations for many but not all of them, and OpenAI warns some unformalized results could have issues.
Meta and Microsoft are cutting employee use of Anthropic’s Claude AI and directing staff toward their own coding tools, The Information reported. The changes reflect tighter internal AI budgets while customer access to Claude through Microsoft platforms continues to expand.
