4 result(s) for “AI infrastructure”
The collapse of Firmus Technologies’ planned ASX float has forced the company to seek private funding and overseas listing options, exposing investor unease about high valuation bets on AI infrastructure and creating immediate fallout for local contractors and the market for large listings.
Nvidia backed data centre operator Firmus has withdrawn its planned ASX initial public offering after weak investor demand, forcing the company to seek private funding and leaving Australian regional projects and contractors to reassess prospects.
Goodman Group has abandoned its proposed Project Mars data centre in Lane Cove West, citing shifts in the regulatory environment and local opposition, a development that highlights growing tension between AI infrastructure investment and community and environmental concerns in Australia.
Rising oil and gas prices are colliding with higher borrowing costs across major economies, creating a difficult combination for households, businesses and central banks as concerns about persistent inflation and weaker growth return.