Nscale will acquire the AI start-up Anyscale, co-founded by Ion Stoica, for 1.65 billion dollars. The transaction will be completed in the second half of the year.

Nscale, a cloud infrastructure provider, has announced the acquisition of the AI software start-up Anyscale, co-founded by Ion Stoica (photo), a Romanian-born university professor. The value of the transaction is estimated at $1.65 billion, according to Bloomberg sources. Ion Stoica, known for his success in the technology field, has co-founded four start-ups, including Databricks, recently valued at $134 billion.

Anyscale, based in San Francisco, offers solutions for managing complex AI tasks, and Nscale hopes to attract more clients through this acquisition. The Anyscale team, consisting of approximately 200 employees, will remain under its own brand and will continue to serve existing clients. The completion of the transaction is expected in the second half of the year. Anyscale reported a 70% increase in revenue in the most recent quarter.