Modular’s Funding Signals Growing Demand for AI Software

Chris Lattner, a former Apple executive, is launching Modular, a startup focused on developing advanced software tools for AI hardware. The company is seeking $250 million in funding to create a suite of developer tools designed to optimize performance and streamline the creation of AI applications. This initiative is anticipated as a response to the escalating demand for AI chips across various industries. Modular’s goal is to empower developers with the necessary tools to efficiently build and deploy AI solutions, contributing to the broader advancement of artificial intelligence technologies. The company’s activities are focused on enhancing the usability and capabilities of AI hardware.

Credits: WIRED