Today
Oliver Curtis’ Firmus lifts valuation to $6b on fresh funding round
The AI start-up has raised a further $500 million to fund its growth plans, but some sceptics question whether its lofty valuation is justified.
Yesterday
Data centre ambitions no obstacle to net zero: CDC CEO
Greg Boorer said unused capacity in Australia’s power system represented an opportunity to create an export industry that could dwarf the mining sector.
Tech CEOs call for sovereign digital infrastructure investment
Technology executives say the “economy is toast” without the ability to operate AI models on Australian soil, and we can’t rely on temperamental allies.
Shareholders rebuke NextDC for CEO’s $112m bonus plan
An overwhelming majority voted against the data centre provider’s remuneration report at its annual general meeting on Thursday.
Anthropic commits $76b to build AI data centres in the US
The new sites, which Anthropic will develop with UK-based Fluidstack, will start coming online throughout 2026 in several US locations including Texas.
This Month
Oliver Curtis’ $6b Firmus brings in Wall Street duo ahead of IPO
Firmus is the biggest addition to the 2026 IPO pipeline, and could spell a big payday for backers including Phil King’s Regal and Ashok Jacob’s Ellerston.
The $4.6trn data-centre vortex could starve Australia of capital
The gold rush for AI infrastructure is sucking up funds right as Australia needs capital to expand existing infrastructure assets. Where is the money going to come from?
Data centre boom fuelling economic recovery
But merger lawyers warn inconsistent and uncertain government guidelines for foreign investment put at risk the overseas capital required to fuel the boom.
Small-cap mafia takes a piece of AI rocket Megaport
You have to be sceptical of any AI-related deal struck in this market. But at least Megaport’s CEO was talking sense.
NextDC boss faces ‘excessive’ pay package battle
Two influential proxy firms have advised investors in the data centre company to vote against a new remuneration package for chief executive Craig Scroggie.
Iren’s lacklustre AI revenue belies plans for billion-dollar growth
The Sydney-based, Nasdaq-listed digital infrastructure company says it will add 120,000 chips to power AI processing but faces scepticism from the market.
Google to build data centre on Christmas Island
The search engine giant signed a cloud deal with the Department of Defence this year to build the facility, whose details remain secret, on Christmas Island.
No more rip-offs: AI turns everyone into an expert negotiator
When everyone has a genius in their pocket, they will be less vulnerable to mis-selling – benefiting them and improving overall economic efficiency.
Goodman promises to walk the talk as data centre rollout surges
Goodman is dramatically ramping up its global rollout of data centres, which will account for three-quarters of its $17.5 billion-plus workbook by next year.
Oliver Curtis’ Firmus set to triple valuation to $6b in fresh raising
Nvidia’s investment and CDC’s leasing agreement have added a whopping $4 billion to Firmus’ valuation in less than two months.
Grey-haired Greg Goodman delivers reality check on data centre hype
Too much leverage and exaggerated customer contracts are rife in data centre developments, the billionaire warns.
Iren’s $15b Microsoft mega-deal sign of an AI surge that won’t stop
Daniel Roberts, a former Macquarie banker who runs the Nasdaq-listed data centres business, says the agreement is only the first of many as demand booms.
October
Data centres, renewables top bids for $136b in fast-track approvals
NSW Investment Delivery Authority applications revealed as Chris Minns and Daniel Mookhey prepare to address investor summit.
Where big investors want to put their money
Renewables are in but hydrogen is out for international and domestic infrastructure investors, but they are worried about government red and green tape.
AirTrunk inks $4.5b Saudi data centre deal, plans more expansion
AirTrunk will build data centres in Saudi Arabia in a deal with an AI start-up owned by the Middle East nation’s sovereign wealth fund.