Qualcomm shares jump 14% on Modular acquisition, guidance upgrade
Qualcomm Inc.'s stock jumped 14% in after-hours trading today after it shared a series of updates about its artificial intelligence roadmap.
The company announced plans to acquire an inference software startup called Modular Inc.
and previewed two upcoming AI chips.
Referenced Coverage & Sources
The Week's 10 Biggest Funding Rounds: a Big Week for Big Checks
Startups raised funding rounds with a lot of zeroes at the end this week, with three companies securing financings of $1 billion or more.
Watching Roku's AI Channel Is Like Eating From a Trough
The appeal of free ad-supported streaming television (FAST) channels has always been the way they make it easier to (re)discover classic films and series.
Scientists Used AI to Create 16 New Viruses
The use of AI systems to create viruses opens up new possibilities for combating bacterial resistance.
Announcing Cloudflare Ambassadors, Community Engineers, and Another $1M in Open-source Funding
We are launching updated community programs, including Cloudflare Ambassadors and Community Engineers, backed by $1M in open-source funding.
Inference
Inference is the process of using a trained AI model to make predictions or generate text based on new inputs. During inference, data flows forward through the neural network to produce an output, without modifying the model's weights.
Artificial Intelligence
Artificial Intelligence (AI) is a broad field of computer science dedicated to building systems capable of performing tasks that typically require human cognitive function, such as visual perception, speech recognition, decision-making, and translation.
Acquisition
An Acquisition occurs when a larger corporation purchases a startup, absorbing its assets, technology, talent, and customer base.
Explore technical glossaries, weekly market briefings, and editorial research articles related to this story:
Get top 5 high-signal AI news, venture funding rounds, and research papers auto-routed to dedicated channels every 3 hours.