Plans for Firmus Technologies stock market float face potential delays and revaluation
The planned Australian stock market listing of AI infrastructure firm Firmus Technologies faces delays or revaluation after its valuation fell by billions of dollars.
FTMQ News, written by our newsroom0 views
Plans for the Australian Securities Exchange listing of Sydney based AI firm Firmus Technologies face potential delays, repricing, or complete withdrawal. The Daily Mail reported that the valuation of the company has dropped by billions of dollars ahead of the float. [1]
Oliver Curtis, who is married to socialite Roxy Jacenko, founded Firmus Technologies in 2019 alongside his cousin Tom Rosenfield. The Daily Mail reported that the company provides data centres and computing infrastructure to support artificial intelligence training and run software applications. [1]
The Daily Mail noted that Firmus Technologies secured major agreements in September with three global technology companies, including OpenAI, Nvidia, and Meta. Under these arrangements, OpenAI uses the physical infrastructure to train AI models and run ChatGPT. [1]
Jacenko is an Australian businesswoman and socialite who was a runner up on the third season of The Celebrity Apprentice Australia. Her early career in fashion and publicity expanded to include talent management and luxury products. [2][4]
In short
- Firmus Technologies was founded in 2019 by Oliver Curtis and Tom Rosenfield.
- The planned ASX listing of Firmus Technologies faces delays or repricing after valuation cuts.
- Firmus Technologies secured deals with OpenAI, Nvidia, and Meta in September.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Roxy Jacenko's billionaire husband Oliver Curtis rocked by $13billion blow as plans for one of Australia's biggest-ever floats are thrown into doubtDaily Mail, 1h ago (the report this story comes from)
Background
- [2]Roxy Jacenko on Wikipedia
- [3]Australia on Wikipedia
- [4]Roxy Jacenko on Grokipedia
Our newsroom writes these reports with the help of software, from the 4 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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