A lawsuit accusing Meta Platforms of stealing machine learning-related software from an AI startup is set to go to trial this fall.
A court turned down Meta's request to toss Neural Magic's suit, allowing the case to proceed.
- Neural Magic sued Meta, then Facebook, in 2020, claiming that the tech giant stole software that enables AI workloads to run quickly on CPUs, achieving speeds similar to GPUs.
- Its first solution, an inference engine, is claimed to reduce the costs of AI projects by letting data scientists use the commodity hardware.
- The suit claims Meta hired a former Neural Magic computer scientist who improperly shared the startup's algorithms with the company.
- An expert who recently testified claims Meta owes the Ai company up to $766M in royalties.
- The trial is scheduled to start in September.
- Neural Magic was founded by MIT professor Nir Shavit and research partner Alex Mateev. The Massachusetts-based has raised at least $50M to date.
