AI cloud provider Nscale to buy software startup Anyscale
AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
July 30 : Cloud infrastructure provider Nscale will buy AI software startup Anyscale to help clients better manage and run AI systems efficiently, the companies said on Thursday.
Bloomberg News first reported the news, saying the deal price is about $1.65 billion, citing a person familiar with the matter. Nscale declined to disclose the financial terms.
Here are some details:
• San Francisco-based Anyscale provides software to organize and manage complex AI tasks so they can run smoothly across many computers simultaneously.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Nscale said it expects to attract more customers by offering Anyscale’s software.
• Anyscale will continue to operate under its brand and serve its existing customers, the companies said.
• Anyscale’s entire team of about 200 people across the United States, Europe and India will join Nscale as part of the acquisition.
• The deal is expected to close in the second half of this year, the companies said.
• Founded in 2024, Nscale is known as a “neocloud,” a vertically integrated AI cloud platform that owns and operates its own data centers, GPUs and software stack to deliver large-scale, GPU-powered AI compute.
• Nscale competes with companies such as CoreWeave and Nebius Group.
• Anyscale generated 70 per cent revenue growth sequentially in the company’s most recent quarter, according to a blog post by its co-founders.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
