Founded in 2017 by a couple of MIT professors – Alex Matveev and Nir Shavit, Neural Magic aims to eliminates the need for specialized AI accelerators, such as GPUs or TPUs, to process deep learning models, reducing the need for more costly hardware.
Case against Facebook for stealing!
Recently, the Somerville startup has filed a case against social media giant Facebook for allegedly stealing their proprietary software. Notably, the court documents filed in the District Court of Massachusetts last week alleges Aleksandar Zlateski, the startup’s first employee, breached the non-disclosure and non-competition agreement he signed when he left Neural Magic to join Facebook in July 2019.