Red Hat is acquiring AI optimization startup Neural Magic
TechCrunch: M&A
NOVEMBER 12, 2024
Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI models to run faster on commodity processors and GPUs. The terms of the deal weren’t disclosed. MIT research scientist Alex Matveev and professor Nir Shavit founded Somerville, Massachusetts-based Neural Magic in 2018, inspired by their work in high-performance […] © 2024 TechCrunch.
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