Channel NewsAsia
Channel NewsAsia
AsiaPac · 42 mins ago

AI cloud provider Nscale to buy software startup Anyscale

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. • 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 In
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