Topic: ai data centres
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Firmus Plans $2B ASX IPO After $505M Raise and Blackstone Debt
Firmus Technologies has secured $505 million in new equity funding, led by Coatue Management with backing from Nvidia, valuing the company at $5.5 billion ahead of a planned $2 billion IPO on the Australian Securities Exchange. The company's core project is the $4.5 billion "Project Southgate" in...
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SoftBank converts Sharp LCD factory into battery plant for AI data centres
SoftBank is converting part of a former Sharp LCD factory in Sakai, Japan into one of the country's largest battery production facilities to power its AI data centres, with production expected around 2031. The move completes SoftBank's vertical integration stack for AI infrastructure, spanning ch...
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AI Data Centre Wiring Firm Hikes Prices as Hyperscalers Have No Alternative
Fujikura, a Tokyo-based fibre-optic cable manufacturer, is raising prices on cables used in AI data centers due to surging demand from major US hyperscalers, with CEO Naoki Okada confirming the company is outpacing its financial forecasts. The price hike reflects a broader trend where suppliers o...
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SoftBank raises $60bn in bonds to fund its OpenAI bet
SoftBank Group is reportedly preparing to raise up to $60 billion in debt, far surpassing its previous largest bond sale of $8 billion, to fund a massive increase in its stake in OpenAI and other AI-related investments. The bond issuance reflects CEO Masayoshi Son's aggressive bet on artificial i...
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