Red Hat acquires Neural Magic
On January 13, Red Hat, Inc. 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 Red Hat’s ability to deliver on this vision for AI. Neural Magic is also a leading contributor to vLLM, an open source project developed by UC Berkeley for open model serving, which will help bring even greater choice and accessibility in how organizations build and deploy AI workloads. The expertise and capabilities of Neural Magic will be incorporated into Red Hat AI, Red Hat’s portfolio of gen AI platforms.
Matt Hicks, president and CEO, Red Hat, said, “Efficiency, optimization and choice aren’t unique concepts when it comes to traditional enterprise IT, and we feel that gen AI should be no different. By adding Neural Magic’s expertise in gen AI performance engineering and optimization to Red Hat AI, we’re furthering our commitment to a gen AI that answers customers’ unique needs, from where workloads run to how they are tuned and trained.”
Brian Stevens, CEO of Neural Magic, added, “Neural Magic’s research and technical contributions to open source AI have significantly reduced the infrastructure required to deploy state-of-the-art large language models at scale. Red Hat shares our vision that the Future of AI is Open, and we are looking forward to together enabling enterprises to capture the value of GenAI without all of the friction.”
Source: Red Hat
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