Red Hat Acquires Neural Magic
January 15, 2025
Red Hat has completed its acquisition of Neural Magic, a company focused on software and algorithms that accelerate generative AI (gen AI) inference workloads. The deal adds Neural Magic’s expertise in inference performance engineering, model optimization, and open-source vLLM contributions to Red Hat’s hybrid-cloud AI platform, Red Hat AI.
- Buyers
- Red Hat, Inc.
- Targets
- Neural Magic
- Industry
- AI & Machine Learning
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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