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Nvidia-Backed AI Startup Seeks $10 Billion Before Australian IPO
Source: Bloomberg
Artificial IntelligenceTechnology & InnovationPrivate Markets & VentureCredit & Bond MarketsInfrastructure & Defense
Australian AI startup Firmus Technologies is in discussions with lenders for roughly $10 billion in financing to purchase Nvidia chips for an Indonesian data center. If completed, the transaction would rank among Asia's largest AI-infrastructure financings and materially increase regional demand for Nvidia hardware and data-center capacity.
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