BUZZ-ShiftPixy more than triples on $150 mln deal for AI firm TurboScale

Reuters

Oct 17, 2024

** Shares of employment service firm ShiftPixy more than triples to $18.10 premarket

** PIXY to buy TurboScale, an AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, in a $150 million deal

** The transaction includes $75 million in stock and $75 million in debt

** ShiftPixy says this deal allows it to introduce real-time predictive analytics and machine learning-driven automation to streamline workforce management

** Company anticipates accelerated growth and innovation following the acquisition, with plans to roll out new AI-driven tools by early 2025

** Up to Wednesday's close, stock had fallen 93% so far this year

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: ))

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X: ))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4130","symbol_name":"人力资源与就业服务","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2476123867","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476123867","pubTimestamp":1729167888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Shares of employment service firm ShiftPixy    more than triples to $18.10 premarket    ** PIXY to buy TurboScale, an AI technology company specializing in scalable GPU cloud infrastructure and AI ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4130":"人力资源与就业服务","PIXY":"Shiftpixy Inc."},"translate_title":"BUZZ-ShiftPixy以1.5亿美元收购人工智能公司TurboScale，股价增长两倍多","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PIXY":0.9},"content_text":"** Shares of employment service firm ShiftPixy    more than triples to $18.10 premarket    ** PIXY to buy TurboScale, an AI technology company specializing in scalable GPU cloud infrastructure and AI model deployment, in a $150 million deal   ** The transaction includes $75 million in stock and $75 million in debt    ** ShiftPixy says this deal allows it to introduce real-time predictive analytics and machine learning-driven automation to streamline workforce management   ** Company anticipates accelerated growth and innovation following the acquisition, with plans to roll out new AI-driven tools by early 2025   ** Up to Wednesday's close, stock had fallen 93% so far this year (Reporting by Ananya Mariam Rajesh in Bengaluru)((AnanyaMariam.Rajesh@thomsonreuters.com ; 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