November 14th.Red Hat On November 12, an announcement was made thatAnnounceAcquisitionStartups Neural Magic, but did not disclose the details of this transaction.
Neural Magic was founded in 2018 by MIT research scientist Alex Matveev and professor Nir Shavit.
In a blog post, Red Hat describes it as a "generative AI inference pioneer" that focuses on improving the ability of general-purpose processors to run AI models at speeds comparable to dedicated AI chips like TPUs.
Red Hat being a company dedicated to open source software, this acquisition also signifies that they will further push the boundaries of open source AI technology.
Red Hat plans to open-source Neural Magic's technology, which will enable more developers and businesses to use and improve these tools, contributing to the health of the overall AI ecosystem.
By acquiring Neural Magic, Red Hat can enhance its market competitiveness in the AI field. This strategy not only enriches its product line, but also attracts more developers and enterprise customers who are interested in AI technology, thus expanding its market share.