Red Hat acquires AI optimization startup Neural Magic

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 transaction is subject to applicable regulatory reviews and other customary closing conditions. The terms of the deal weren’t disclosed. MIT research scientist Alex Matveev and professor Nir Shavit […] © 2024 TechCrunch. All rights reserved. For personal use only.