Nvidia's dominance in AI compute is under serious threat from Modular, a startup that recently secured $250 million at a $1.6 billion valuation. This analysis details how Modular's MAX Engine and Mojo programming language function as an "AI Hypervisor," decoupling AI models from proprietary hardware like CUDA. Learn how this solution enables seamless, high-performance deployment across all vendors (Nvidia, AMD, custom silicon) and why it's poised to become the universal, hardware-agnostic foundation for the next era of AI, saving enterprises billions in compute costs and challenging the hardware lock-in paradigm.