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The expected postponement of Nvidia Corp.-backed data center company Firmus Grid Ltd.’s Australian IPO is an ominous sign for other proposed listings, coming after a string of disappointing debuts for artificial intelligence infrastructure firms.
In tonight's edition, witnesses say Eritrean troops have moved into Ethiopia's Tigray region, but Asmara rejects the reports. Also, the African Union launches the Africa Credit Rating Agency, aiming to assess the financial health of African states and companies. And South African civil society is pushing back against the expansion of data centres that require vast amounts of electricity, water and land.
Dedicated teams are working on tapping the burgeoning global demand for subsea cables required by the data centres and the opportunities in the capital region of Amaravati
Finnish opposition has called for measures to prevent power shortages, soaring energy prices caused by data centres.
Farmers boycotted a meeting organised by Bhogapuram Mandal Development Officer D.Swarupa Rani on Friday.
Tokyo, Oct. 2 (Jiji Press)--Jera Co. and two other companies said Thursday that they will spend 15 billion dollars to build a large data center for artificial intelligence at a thermal power station in Chiba, a city near Tokyo. The data center will have a power capacity of up to 400,000 kilowatts, making it one of the biggest data centers in Japan. It is expected to go into operation around ...
Data center operator Firmus Grid Ltd. is seeking a A$43.7 billion ($30.3 billion) valuation in its Australian initial public offering this month, the Australian Financial Review reported on Thursday, citing pricing sent to potential investors.
New York Times finance reporter Maureen Farrell tells Bloomberg This Weekend that Wall Street is growing more skeptical of the AI data center boom as rising interest rates, local opposition and permitting delays add uncertainty and costs to projects. Speaking with hosts David Gura and Christina Ruffini, Farrell says trillions of dollars in financing may require tapping public markets, but investor resistance is making planned data center IPOs harder and potentially more expensive to complete. (Source: Bloomberg)
Oracle Corp.’s force majeure notice to the developer of a massive New Mexico data center is putting loan and lease documents under fresh scrutiny and adding to the challenges facing companies looking to tap debt markets to finance the AI buildout, according to Morgan Stanley.
Japan’s Financial Services Agency is stepping up its scrutiny of financing for AI data centers by the country’s biggest banks and life insurers, as major financial institutions increase their exposure to the rapidly expanding sector.
Tom Nides, vice chairman of strategy and client relations at Blackstone, talks with Dani Burger on "Bloomberg Deals." They discuss global dealmaking, China, Canada, AI and data center "anxiety." (Source: Bloomberg)
Data center operator Firmus Grid Ltd. is looking to raise at least $5 billion in an initial public offering, according to terms of the deal seen by Bloomberg, kicking off one of the biggest-ever listings in Australia.