Nvidia is reportedly in talks to invest hundreds of millions of dollars in Australian AI cloud provider Firmus. [6, 13]
Firmus, which already has Nvidia’s backing, abruptly canceled its initial public offering in early October, citing market volatility and investor concerns. [2, 3, 15] Investors had questioned the company’s high valuation and significant capital requirements. [9, 16]
After canceling the IPO, Firmus said it would seek private-market funding to support its planned expansion. [15]