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Red Hat is acquiring AI optimization startup Neural Magic

Red Hat, the IBM-owned open source software firm, is acquiring Neural Magic, a startup that optimizes AI algorithms to run on commodity processors.

Red Hat, the IBM-owned open source software firm, 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 Somerville, Massachusetts-based Neural Magic in 2018, inspired by their work in high-performance execution engines for AI. Big tech companies like AMD and a host of other startups, including NeuReality, Deci, CoCoPie, OctoML, and DeepCube, offer some sort of AI optimization software.

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