RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, Inc., the world's leading provider of open source solutions, today announced that it has signed a definitive agreement to acquire Neural Magic, a pioneer ...

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 terms of the deal weren't disclosed.

Neural Magic’s expertise in inference performance engineering and commitment to open source aligns with Red Hat’s vision of high-performing AI workloads that directly map to customer-specific ...