Red Hat Completes Acquisition of Neural Magic to Fuel Optimized Generative AI Innovation Across the Hybrid Cloud
Red Hat, Inc., the world’s leading provider of open source solutions, today announced that it has completed its acquisition of Neural Magic , a pioneer in software and algorithms that accelerate generative AI (gen AI) inference workloads. With Neural Magic, Red Hat adds expertise in inference performance engineering and model optimization, helping further the company’s vision of high-performing AI workloads that directly map to unique customer use cases, wherever needed across the hybrid cloud. The large language models (LLMs) underpinning today’s gen AI use cases, while innovative, are often too expensive and resource-intensive for most organizations to use effectively. To address these challenges, Red Hat views smaller, optimized and open source-licensed models driven by open innovation across compute architectures and deployment environments as key to the future success of AI strategies. Neural Magic’s commitment to making optimized and efficient AI models a reality furthers ...