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Modular secures $100M to build tools to optimize and create AI models

TechCrunch

Bringing Modular’s total raised to $130 million, the proceeds will be put toward product expansion, hardware support and the expansion of Modular’s programming language, Mojo, CEO Chris Lattner says. “The compute power needed for today’s AI programs is massive and unsustainable under the current model,” Lattner said.