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US CHIPS Act-funded SMART USA Institute, focused on digital twins for chipmaking, says the Department of Commerce will terminate its $285M five-year contract (Samuel K. Moore/IEEE Spectrum)

Samuel K. Moore / IEEE Spectrum : US CHIPS Act-funded SMART USA Institute, focused on digital twins for chipmaking, says the Department o...

15 January 2025

Red Hat acquires Neural Magic, which has built tools to boost generative AI inference workloads and raised $50M from a16z and others, for an undisclosed sum (Steven Vaughan-Nichols/ZDNET)

Steven Vaughan-Nichols / ZDNET:
Red Hat acquires Neural Magic, which has built tools to boost generative AI inference workloads and raised $50M from a16z and others, for an undisclosed sum  —  Red Hat, the IBM-owned open-source software giant, has completed its acquisition of Neural Magic, a pioneering artificial intelligence (AI) optimization startup.

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