Australian Ai Infrastructure Developer Firmus Lands $10 Bln Debt Package From Blackstone, Coatue

Nvidia-backed AI startup Firmus secures $10B Blackstone-led loan to build Australia’s AI data center backbone - Tech Startups

Firmus Technologies, an Australian artificial intelligence infrastructure startup backed by Nvidia, has secured a $10 billion debt funding package led by Blackstone, with participation from Coatue Capital, the company reported on Monday. The financing ranks among the largest private credit […] The post Nvidia-backed AI startup Firmus secures $10B Blackstone-led loan to build Australia’s AI data center backbone first appeared on Tech Startups.

Nvidia-Backed AI Startup Gets $10 Billion in Blackstone-Led Loan

(Bloomberg) — Australian AI startup Firmus Technologies Pty. secured a $10 billion loan from a group including Blackstone Inc.-led funds to boost its data center rollout in one of the country’s largest private credit financings.

Blackstone’s $14b for Firmus is an all-in bet on Australian AI

What tech wreck? A stonking $14 billion loan and $2 billion computer order shows how quickly the AI story is moving.

Firmus Lands $10 Billion from Blackstone to Build AI Data Centres Across Australia

Australian AI infrastructure company Firmus finalised a $10 billion debt funding package Monday led by Blackstone and New York-based technology investor Coatue Management.The company said the funding will build the next phase of Project Southgate, its initiative to develop AI training and inference infrastructure across Australia. Done in collaboration with CDC Data Centres and Nvidia, the project is expected to reach a capacity of up to 1.6 gig…