Nvidia negotiating hundreds of millions investment in Firmus after IPO withdrawal

Briefing by News4U · First published

Nvidia is negotiating a multi-hundred-million-dollar investment in Australian AI cloud firm Firmus, which withdrew its IPO earlier this month.

Nvidia is negotiating an investment of several hundred million dollars in Australian AI cloud provider Firmus, according to people familiar with the matter. [1] [2] [3] [4]

Firmus pulled its IPO this month and is now seeking at least $2 billion in private financing. [2] [3]

The talks show Nvidia continuing to support neocloud firms that borrowed heavily to buy its GPUs and now face funding pressure amid rising interest rates. [2]

Sources

  1. 快讯

    Wall Street CN · · Full text

  2. 投资者拒绝认购IPO后,英伟达拟进一步投资GPU云厂商Firmus

    Sina Finance · · Full text

  3. 英伟达商谈进一步投资澳大利亚AI云服务商Firmus

    Sina Finance · · Summary only

  4. Firmus搁浅IPO后 英伟达商谈对其进一步投资

    Sina Finance · · Summary only

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