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Qualcomm is nearing a $4B deal for AI startup Modular Inc, days after Bloomberg reported an $8B–$10B bid for Tenstorrent — pushing combined AI chip spending past $14B.
Qualcomm is reportedly in acquisition talks with Tenstorrent, the Jim Keller-led AI chip startup, at a valuation of $8B–$10B — a major jump from its $3.2B fundraising valuation in late 2025.
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