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Australian AI data center company Firmus is targeting a $2 billion ASX IPO after securing $505 million in equity and a $10 billion Blackstone-backed debt facility.
Nvidia-backed Asian AI data center provider Firmus has reached a $5.5 billion valuation after raising $1.35 billion in six months. The company's specialized 'Southgate' data center platform targets the growing demand for AI infrastructure.
Nvidia's CEO argues that AI data centers will be more efficient and profitable if customers buy all components from the company. The strategy aims to establish Nvidia as the dominant force in AI infrastructure by offering a complete, integrated solution.
Seven tech giants including Google, Microsoft, and Meta have signed a pledge with former President Trump to protect against rising electricity costs around data centers. The move addresses growing bipartisan concerns over energy price surges as AI infrastructure expands.
