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Modular released version 1.0 of its Mojo programming language on Tuesday, August 11, marking its transition from an experimental project first unveiled in 2023 to a stable, production-ready tool for building AI software across diverse hardware platforms.

Qualcomm announced on Wednesday that it has agreed to acquire AI software infrastructure startup Modular Inc. in an all-stock transaction valued at approximately $3.9 billion, marking one of the chipmaker's largest bets yet on artificial intelligence beyond its core smartphone…