DigitalOcean Acquires Cloud Computing Startup Paperspace For $111M (techcrunch.com) 4
DigitalOcean, the cloud hosting business, today announced that it's agreed to acquire Paperspace, a New York-based cloud computing and AI development startup, for $111 million in cash. From a report: DigitalOcean CEO Yancey Spruill says that Paperspace's infrastructure and tooling, once integrated with DigitalOcean's products, will enable customers to more easily test, develop and deploy AI applications. As for Paperspace customers, they'll benefit from DigitalOcean's cloud services, he says -- including databases, storage, app hosting, documentation, tutorials and a robust support system. For now, Paperspace will remain a standalone business unit within DigitalOcean, and Paperspace customers won't see immediate changes to their service.
And every time I read something like this (Score:2)
I have this pressing urge to really create a startup for some FotM-technology, name it "Vaporware" and wait for it to be bought out.
Re: (Score:2)
Don't forget to include "Cloud", "AI", "Generative", "Web Two Oh" and "Full Stack Provider" in your PR. But don't put "Blockchain": that's not hot anymore.
Re: (Score:2)
Somewhere in there a dash of HTML5 and of course "cyber"something and that should fly by itself. No product required.
Buzzwords (Score:2)
$111 MILLION cash for a startup? WTF?
Ohh... a "cloud computing and AI development startup". That is totally worth it.