Tag: AI data centres

Lukewarm demand sinks $8bn Firmus listing

Posted on   |  by Scott Murdoch and Christine Chen
Firmus, a data centre operator backed by Nvidia, shelved its $8 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising...

Sell AI plan at home before UN, Greens tell PM

Posted on   |  by Justin Hendry
Anthony Albanese has no mandate to spruik his AI plan on the world stage at the United Nations next week, the Greens say, accusing the government of failing to...

Data centre boom pushes investment to 2015 highs

Posted on   |  by Justin Hendry
Data centre and AI investment is driving a “once-in-a-generation shift” in business spending, with growth now back at levels last seen at the tail end of the early 2010s...

Second Firmus AI data centre approved despite backlash

Posted on   |  by Justin Hendry
Data centre developer Firmus’ proposal for a second 288-megawatt AI factory in northern Tasmania has been approved despite community backlash over its environmental impact. George Town Council voted in...

New laws to set standards for data centre boom: PM

Posted on   |  by Justin Hendry
Data centre operators will be forced to underwrite new power supply, slash their water use and face a new “common sense” test on whether facilities can be built under...

NEXTDC and Firmus arm for AI with $1.7 billion raise

Posted on   |  by David Allen
Two of Australia’s largest data centre developers have come back from the Easter break to announce a cumulative $1.7 billion finance raise, as artificial intelligence-driven demand for domestic compute...

Policy or perish: Two years to grab AI boom, Deloitte says

Posted on   |  by David Allen
Australia has just two years to lock in the policy settings and investment capital it will need to reap transformational economic benefits from an international artificial intelligence boom, a...

Data centre cooling startup soars to $6b valuation

Posted on   |  by David Allen
Data centre infrastructure startup Firmus Technologies has tripled its valuation to $6 billion in eight weeks after pulling in another $500 million from investors to build its ‘AI factories’...