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Red Hat, the IBM-owned open source software firm, is buying AI startup Neural Magic

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Summary
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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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