Red Hat to acquire Neural Magic.

Red Hat, a provider of open source solutions, agreed to acquire Neural Magic, a company specialised in software and algorithms that accelerate generative AI inference workloads. Financial terms were not disclosed. AI workloads need to run wherever customer data lives across the hybrid cloud; this makes flexible, standardized and open platforms and tools a necessity, as they enable organizations to select the environments, resources and architectures that best align with their unique operational and data needs," Matt Hicks, Red Hat President and CEO.