GV’s Dave Munichiello On Qualcomm’s Modular Purchase, The Firm’s 10x Return And The Shift In AI Software

Qualcomm's acquisition of Modular and SambaNova's $10B funding round highlight a structural shift in AI infrastructure: as hardware becomes heterogeneous and scarce, software layers that abstract across different chip types (disaggregated inference) are becoming as valuable as silicon itself. GV's Dave Munichiello discusses how this consolidation reflects the industry's move away from proprietary hardware stacks toward developer-friendly, cross-platform software solutions.

This Wire brief sits within Fusion42's coverage of AI Infrastructure and Semiconductors.