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DENVER, Colo., Oct 17, 2024 (247marketnews.com)- ShiftPixy, Inc. (NASDAQ: PIXY) reported that it’s acquiring TurboScale, an AI technology that specializes in scalable GPU cloud infrastructure and AI model deployment, in a $150 million transaction, comprised of $75 million in stock and $75 million in debt.
The move emphasizes ShiftPixy’s commitment to accelerating innovation and enhancing its platform capabilities with TurboScale’s advanced AI solutions. Integrating TurboScale’s advanced GPU cloud and AI technology will allow ShiftPixy to enhance its ability to optimize staffing efficiency, improve labor forecasting, and offer advanced AI-driven workforce solutions for clients across multiple industries.
Scott Absher, ShiftPixy’s CEO, commented, “We are excited to welcome TurboScale into the ShiftPixy ecosystem. Their groundbreaking AI infrastructure will amplify our capabilities and unlock new possibilities for our clients.
“Together, we are set to bring cutting edge workforce management tools and provide innovative, AI-powered solutions to businesses looking to scale.”
ShiftPixy will introduce enhanced AI-powered features, including real-time predictive analytics and machine learning-driven automation, to streamline workforce management, by early 2025.
Chandler Song, CEO of TurboScale, added, “TurboScale is extremely excited to partner up with ShiftPixy. Ultimately, Artificial Intelligence has to work hand in hand with human intelligence to help assist and accelerate our workforce productivity. ShiftPixy provides a perfect platform for many use cases of AI to blossom. The two companies plan to build training and inference infrastructure for vertical AIs that include HR, Sales, Customer Services, and many more.”
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