AdvertisementAdvertisementBusinessAI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration30 Jul 2026 08:51PM Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST 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.Show MoreShow Less• 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: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST