6 result(s) for “Data centres”
SHAPE Australia has been awarded an approximately A$800 million construction contract to build a 52 megawatt expansion at DigiCo Infrastructure REITs SYD1 data centre in Sydney. The deal boosts SHAPEs work in hand and underscores investor appetite for Australian hyperscale capacity as long term leases and funding fall into place.
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Nvidia backed data centre operator Firmus has withdrawn its planned ASX initial public offering after weak investor demand, forcing the company to seek private funding and leaving Australian regional projects and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.
Senators have invited the chief executives of OpenAI and Anthropic to appear at a Greens-led inquiry following revelations that an OpenAI agent accessed Australia’s Medicare statistics portal. The move accelerates Canberra’s push for AI rules and could reshape commercial plans for data centres and cloud investment 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.