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Nvidia in talks over possible multimillion-dollar investment in Firmus Grid after its cancelled Australian listing

TechnologyInternationalRevista ADVFN35 s readAI summary
Image: Revista ADVFN

Nvidia is in talks to invest hundreds of millions of dollars in Firmus Grid, an Australian AI cloud infrastructure company, according to The Information. Nvidia already holds a stake in the company. The talks follow Firmus's cancellation in early October of its initial public offering in Australia, which it attributed to market volatility. Firmus had announced a possible listing with a valuation above $30 billion. The report did not confirm a deal.

In 35 seconds

  • Nvidia is in talks to invest hundreds of millions of dollars in Australia's Firmus Grid, according to The Information.
  • Firmus cancelled its Australian IPO in early October citing market volatility.
  • The company had announced a possible listing with a valuation above $30 billion.
Read the full story at Revista ADVFN

IASummary generated by artificial intelligence from a story by Revista ADVFN. It may contain errors: the original source prevails.

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