Bing Guan/Bloomberg via Getty ImagesRed Hat, the IBM-owned open-source software giant, has completed its acquisition of Neural Magic, a pioneering artificial intelligence (AI) optimization startup. Initially announced in November 2024, the deal closed on January 13, 2025, marking a significant step in Red Hat's strategy to enhance its AI capabilities across hybrid cloud environments.While the price was not disclosed, Neural Magic had previously raised $50 million in venture capital funding from ...