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According to The Information, Nvidia is in negotiations with Australian AI cloud service provider Firmus over an investment of hundreds of millions of dollars. The report said Firmus, after withdrawing its plan earlier this month to list on the Australian Securities Exchange at a $30 billion valuation, is seeking at least $2 billion in private financing; Nvidia had already participated in its last three funding rounds. The report also mentioned that Nvidia has provided more than $170 billion in credit guarantees and capital support to major customers such as neoclouds, and held $51.2 billion in non-listed securities as of July this year. The investment is still in the negotiation stage, with no further progress disclosed.
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Nvidia Reportedly in Talks to Invest Hundreds of Millions of Dollars in Australian AI Cloud Provider FirmusDevelopments
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Oct 22
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Nvidia Reportedly in Talks to Invest Hundreds of Millions of Dollars in Australian AI Cloud Provider Firmus
According to The Information, Nvidia is in negotiations with Australian AI cloud provider Firmus over an investment worth hundreds of millions of dollars. After withdrawing its plan earlier this month to list on the Australian Securities Exchange at a $30 billion valuation, Firmus is seeking at least $2 billion in private financing; Nvidia had previously participated in its last three funding rounds. Nvidia has provided more than $170 billion in credit guarantees and capital support to major customers such as neoclouds, and as of July this year its holdings of unlisted securities reached $51.2 billion.