News Summary

Chris Lattner, a former Apple and Google executive, has founded Modular, a software startup aiming to create a unified software layer for AI chips. Modular’s platform helps developers run AI applications across various GPUs and CPUs, potentially loosening the grip of major companies like Nvidia and AMD on the industry. Recently, Modular raised $250 million in venture capital, raising its valuation to $1.6 billion. This funding round was led by the US Innovative Technology Fund, with participation from DFJ Growth, General Catalyst, Greylock, and GV. Modular’s platform now supports Apple Silicon GPUs, alongside Nvidia and AMD chips, and has partnered with AI giants and companies like SF Compute to advance its mission.