Developing story · 2 episodes · 9 Oct to 21 Oct
Nvidia Firmus Investment and IPO Collapse
Nvidia has entered talks to invest hundreds of millions in Australian AI cloud provider Firmus. However, the saga takes a turn as Firmus scraps its planned IPO amid broader concerns over AI valuations.
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Nvidia in talks to invest hundreds of millions in Australian AI cloud firm Firmus
Nvidia is in talks to put hundreds of millions of dollars into Firmus, an Australian AI cloud provider that already runs a large fleet of Nvidia chips. If the deal closes, Nvidia would become both a…
2 sources -
Firmus scraps IPO amid AI valuation concerns
Artificial intelligence data center company Firmus has scrapped its plans for a $30 billion stock market listing. The Nvidia-backed firm decided not to proceed due to recent market volatility and…
1 source
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