Red Hat Acquires AI Startup Neural Magic
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open source software firmTechCrunch
•Red Hat, the IBM-owned open source software firm, is buying AI startup Neural Magic
79% Informative
Red Hat is acquiring Neural Magic , a startup that optimizes AI algorithms to run on commodity processors.
MIT research scientist Alex Matveev and professor Nir Shavit founded the company in 2018 .
The terms of the deal were not disclosed.
Red Hat CEO Matt Hicks says Neural Magic's work on vLLM is of particular interest.
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