NVIDIA is in talks with Australian AI cloud service provider Firmus Grid to inject hundreds of millions of dollars. This follows Firmus's failed IPO plan, which valued the company at $30 billion, and its current pursuit of at least $2 billion in private financing. NVIDIA's move aims to tangibly support the AI ecosystem, after its previous verbal endorsement of CoreWeave failed to stabilize the market.
NVIDIA has participated in Firmus's three most recent funding rounds and is one of its significant shareholders. According to The Information's Tuesday report, this potential investment is NVIDIA's latest effort to bolster the entire ecosystem amidst a large-scale sell-off in AI stocks and a deteriorating financing environment for AI data center operators.
Faster global financial news!
NVIDIA plans to invest hundreds of millions of dollars in Australian AI cloud service provider Firmus Grid.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
Previous: China's A-share market is heading towards a technical bear market, due to diminishing hopes for large-scale stimulus, lackluster corporate earnings, and ongoing concerns about the global AI trade.
|
Next: SSV Labs proposes cutting development roadmap in response to DAO funding constraints.
24H Trending
-
1
Middle East Tensions Escalate: US Deploys 10,000 More Troops, Israel Prepares for New Strikes Against Iran, Iran Issues War Warning
-
2
NextDC's data center project in Australia faces power supply delays due to resident protests, leading to a more than one-third reduction in its FY2027 earnings guidance and a 45% plunge in its stock price.
-
3
Indonesian cybersecurity firms are urging the government to increase support for AI talent development and the AI industry to counter the rising tide of AI-driven cyberattacks and online scams.
-
4
Nscale founder Josh Payne reassured employees that despite AI market volatility, demand for its data center services is "insatiable."
-
5
Anthropic launches AI agent Claude Duet, capable of continuous background operation and proactive task execution
-
6
NVIDIA Launches Clinical Surgery AI Simulator Cosmos3-H-Dreams
-
7
U.S. Secretary of State Marco Rubio visits India's Reliance refinery, discusses refining Venezuelan crude to diversify energy supplies and advance potential $300B U.S. refinery deal
-
8
OpenAI says its AI model found a critical PHP vulnerability, leading to government websites in multiple countries going offline.
-
9
Anthropic's copyright settlement includes books by South Korean authors for compensation
-
10
Ripple has launched institutional-grade 24/7 multi-asset swap contract trading through its Ripple Prime platform, supporting RLUSD stablecoin collateral. However, HSBC warns that market liquidity remains weak.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
