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Nscale appoints tech industry veteran Justin Osofsky as Chief Operating Officer. Oct 02, 2026, 16:20 ET Former Meta Executive Brings 18 Years of Operational Leadership to Nscale LONDON, Oct. 2, 2026 /PRNewswire/ - Nscale, the vertically integrated AI infrastructure company, today announced the appointment of Justin Osofsky as Chief Operating Officer (COO). Osofsky will report directly to Founder and Chief Executive Officer Josh Payne and oversee Nscale's global operations as the company accelerates its rapid expansion. "Nscale is rapidly scaling our vertically integrated platform globally to serve high customer demand. Building the right systems and processes that scale and maintain operational excellence is of vital importance to our mission." said Josh Payne, Founder and CEO of Nscale, "Justin has spent nearly two decades helping build and scale one of the most successful technology companies in the world. We are incredibly fortunate to have him join us as our Chief Operating Officer." Osofsky joins Nscale following an 18-year career at Meta, where he held senior executive roles spanning global operations, partnerships, corporate development, monetization, and platform strategy. Most recently serving as Chief Partnerships Officer at Meta, Osofsky previously served as Chief Operating Officer of Instagram, Vice President of Global Operations at Meta, and Head of the Small and Medium Business (SMB) group at Meta. As Chief Operating Officer, Osofsky will drive operational cadence, cross-functional execution, and organizational scaling across Nscale's expanding global footprint. His scope of responsibility includes leading Nscale's People, EMEA, APAC, Business Development, Communications, Marketing, Global Policy, and M&A organizations. "Having observed Nscale's remarkable trajectory and vision, I am thrilled to partner with Josh and his leadership team," Osofsky said. "My focus will be on delivering lasting value to our customers worldwide by building the operating structures and execution discipline to connect our capabilities across our global teams." Osofsky holds an MBA from Harvard Business School, a J.D. magna cum laude from Harvard Law School, and an A.B. in Economics from Harvard University. Prior to joining Meta, he was an Engagement Manager at McKinsey & Company. About Nscale Nscale Limited (Nscale) is a full-stack AI cloud platform. We bring together software, compute, and power in a vertically integrated offering - from a unified cloud platform for running AI training and inference, to the data centers and low-cost power that make it possible. Our mission is to build the engine of superintelligence and enhance access to the benefits of advanced AI for enterprises, governments, and the communities that depend on them. SOURCE Nscale

Nscale, an artificial intelligence infrastructure company, has appointed Justin Osofsky, a veteran Meta Platforms executive, as its chief operating officer. The hire comes as the company prepares for an upcoming initial public offering. The appointment is intended to support Nscale's rapid expansion plans, according to a person familiar with the matter. Osofsky brings extensive experience from his tenure at Meta to his new role at the AI infrastructure firm.

Akamai signs landmark deal with Anthropic. Akamai Technologies has reached an $11.6bn, 7-year cloud agreement with Anthropic, including a mechanism that could allow the AI specialist to take up to 5% of the group's equity. The deal significantly strengthens Akamai's order book and highlights the scale of Anthropic's spending to lock in the compute capacity its models require. Akamai shares are up more than 9% in Friday's session. Published on 09/28/2026 at 02:47 am EDT MarketScreener.com This new contract adds to the more than $2.8bn in multi-year cloud infrastructure agreements Akamai has already announced this year. More importantly, the size of the deal changes the scale for the company and gives it greater multi-year visibility, as demand for infrastructure dedicated to artificial intelligence continues to rise. As part of the transaction, Anthropic will receive a warrant allowing it to purchase Series B shares at $111.33 per share, convertible into about 7.7 million common shares. An initial tranche, representing about 2% of Akamai's current equity, is contingent on the initial $11.6bn commitment. The additional 3% would vest if the two companies decide to expand their partnership, with $9bn of additional commitments. Anthropic could ultimately own up to 5% of Akamai's equity. To meet the initial commitment from its new customer, Akamai estimates it will need to invest about $5.5bn. The group plans, in particular, to increase its capital expenditures by about $1.7bn in 2026 to secure and pre-purchase components, including memory. However, these incremental outlays do not change its annual revenue guidance. Akamai has also authorized Jabil to purchase about $1.7bn of memory components to help execute the contract. The agreement comes as Anthropic sharply accelerates the buildout of its infrastructure and steps up long-term commitments to secure the compute power needed to develop and run its artificial intelligence models. The company has notably committed to invest $45bn in Nscale's data center campus in West Virginia. At the same time, Anthropic is preparing for an initial public offering, at a time when access to compute infrastructure is becoming a central issue for major AI players. For Akamai, the partnership therefore represents a major growth driver in infrastructure built for artificial intelligence. A strong signal for analysts In a reaction note, JPMorgan analysts pointed in particular to the visibility provided by the contract: "The deal materially improves multi-year visibility into CIS growth, while the favorable economic terms further validate the relevance of Akamai's distributed infrastructure for AI workloads." Beyond its size, analysts' attention is also drawn to the very nature of the contract. The deal is exclusively for CPU capacity, even as investment in AI infrastructure is typically associated with GPU accelerators. In his latest sector note, Bank of America's analyst Vivek Arya underscored the significance of the transaction: "The Anthropic-Akamai CPU infrastructure deal confirms the importance of the CPU in the era of agentic AI." JPMorgan also shares that view, arguing the contract illustrates the broadening of infrastructure needs beyond GPUs alone: "The new deal is exclusively for CPU capacity and highlights the magnitude of the opportunity, which extends beyond GPU compute." The agreement with Anthropic therefore allows Akamai to strengthen its positioning in AI-related infrastructure, while also showing that the rise of models and agentic systems could benefit a broader range of compute capacity than GPUs alone. (C) MarketScreener.com - 2026