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Nvidia-backed Firmus scraps $5 billion Australian IPO on weak demand

Nvidia-backed Firmus scraps $5 billion Australian IPO on weak demand

By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) - Australia's Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising round instead.

Australian Nvidia-backed AI data centre operator Firmus scraps $5 billion IPO

Australian Nvidia-backed AI data centre operator Firmus scraps $5 billion IPO

By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) - Australia's Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising round instead.

Asia shares slip, bonds submerged in tide of AI debt

Asia shares slip, bonds submerged in tide of AI debt

By Wayne Cole SYDNEY, Oct 8 (Reuters) - Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

Shares slip as oil jumps and bond yields stay high

Shares slip as oil jumps and bond yields stay high

By Lawrence Delevingne, Marc Jones and Wayne Cole BOSTON/LONDON/SYDNEY, Oct 8 (Reuters) - Global shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic

SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports

SpaceX seeks $40 billion financing led by Apollo to buy Nvidia chips, FT reports

Oct 6 (Reuters) - SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.

Nvidia-backed Iambic Therapeutics launches IPO as biotechs buck market gloom

Nvidia-backed Iambic Therapeutics launches IPO as biotechs buck market gloom

By Manya Saini and Niket Nishant Oct 8 (Reuters) - Nvidia-backed Iambic Therapeutics, which uses AI to develop drugs, is aiming to raise up to $159.4 million in its US IPO, as the biotech sector emerges as a bright spot in an otherwise lackluster market.

Musk called Anthropic 'evil'; SpaceX's deal with it nearly doubled

Musk called Anthropic 'evil'; SpaceX's deal with it nearly doubled

Anthropic can walk away from the SpaceX deal. Most of the rest of its compute bill can't be canceled.

Australia's ABC rejects AI copyright carveout, believes already been scraped

Australia's ABC rejects AI copyright carveout, believes already been scraped

SYDNEY, Oct 6 (Reuters) - The Australian national broadcaster rejected a suggestion on Tuesday that it was too hard for AI companies to strike licencing deals to access its content and said the tech giants had probably already "scraped" its output for model training.

Anthropic tells Australia it's open to laws requiring reporting of AI agent hacks

Anthropic tells Australia it's open to laws requiring reporting of AI agent hacks

By Byron Kaye SYDNEY, Oct 6 (Reuters) - Anthropic does not believe its products have breached Australian government systems but would be open to Australian laws requiring AI companies to disclose data breaches, company executives told an Australian parliamentary inquiry on Tuesday.

Asian shares track Wall Street higher, Treasury yields near multi-decade highs

Asian shares track Wall Street higher, Treasury yields near multi-decade highs

By Stella Qiu SYDNEY, Oct 6 (Reuters) - Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs.

OpenAI, Anthropic tell Australia they would welcome data breach rules

OpenAI, Anthropic tell Australia they would welcome data breach rules

By Byron Kaye SYDNEY, Oct 6 (Reuters) - OpenAI and Anthropic told Australian parliament on Tuesday they would welcome laws requiring them to report data breaches carried out by their AI agents, acknowledging the decision to notify authorities was currently at their discretion.

Data centre operator DayOne reveals revenue surge in US IPO filing

Data centre operator DayOne reveals revenue surge in US IPO filing

Oct 5 (Reuters) - Data center operator DayOne Data Centers filed for an initial public offering in the United States on Monday, testing investor appetite for data-center listings amid challenging market conditions.