Yesterday
Why big tech’s ‘Bunnings sheds’ are the next NIMBY nightmare
AI doesn’t care where it goes to school, but voters will when the power-hungry infrastructure begins to pop up in their backyards.
This Month
New York funds giant to pour $1.2b into Melbourne data centre
The property arm of the global fund manager has plans to continue expanding its data centre footprint in the city, with another site in due diligence.
Firmus seeks $420m in stealth round as Blackstone lands
The business, led by Oliver Curtis and Tim Rosenfield, is looking to raise $US300 million in the latest cash call, according to sources close to the deal.
The hidden ASX winners of the AI data centre boom
While the push to house the technology behind ChatGPT and Gemini is creating a “digital gold rush”, investors are getting creative on how best to profit.
Neara reaches unicorn status with AI models to reinvent power grids
Neara, which uses AI to create digital versions of critical power infrastructure, has cracked the billion-dollar valuation milestone after raising $90 million.
Firmus plans mid-year IPO after sealing $14b Blackstone deal
The AI data centre provider co-founded by Oliver Curtis has secured the huge debt facility to build its so-called AI factories across Australia.
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.
Bitcoin plunge sends Iren’s revenues south despite pivot into AI
The Nasdaq-listed, Australian digital infrastructure business remains dependent on the cryptocurrency despite moving increasing toward data centre services.
Land for a $2 billion business park sells to Melbourne family office
Yale Investment Group snaps up a 259-hectare site in Melbourne’s north for $275 million, with big plans for a business park at the sought-after property.
NRL star’s construction firm pivots to AI after $1.7b sale
ASX-listed company Maas Group has sold its building materials division and taken a $100 million stake in Oliver Curtis’ artificial intelligence factory start-up.
It took investors 18 minutes to hate billionaire’s switch from concrete to AI
The Bobcat king is trading his shovel for a chip in the year’s biggest pivot by a $2 billion-plus Australian company. The stock tanked.
Sharon AI’s non-deal roadshow draws a crowd; MacCap nabs No.2 JLM spot
The ASX listing is understood to be on track for March. Fund managers are yet to receive indications on the offer size or pricing.
Private credit meets AI factories at Firmus. What could go wrong?
American-style data centre deal-making and financing is coming to Australia. And the numbers are getting bigger.
Mookhey’s reckless data centre rush takes us in wrong energy direction
Recent policy decisions by the NSW Labor government are actively contrary to our energy security and emissions reduction targets.
Australia will pay for its Darwin Port mistake
Readers’ letters on the Darwin Port sale, Chalmers’ efforts on inflation, Adelaide Writers’ Week, the RBA’s interest rate decision, and AI and climate action.
January
Can AI data centres save Australia’s fading exceptionalism?
Executing a successful AI data centre build-out will demand a level of political and policy co-ordination that is seldom achieved in this country.
The ‘all-out debt-fuelled investment binge’ driving the AI boom
More than a trillion dollars of debt will be pumped into the financial system to fund the rollout of massive data centres. Hold on for the ride.
Victoria woos monster data centres with light-touch regulation
“This is a race,” says minister Danny Pearson, who wants to snag the biggest projects by making things easier for firms like AirTrunk and NextDC.
Can Britain’s ‘data centre alley’ kick-start stagnant growth?
Keir Starmer wants to make the UK an AI superpower and the manufacturing hub of Slough is on board. But critics argue the government lacks a coherent strategy.
Inside the banks’ big shift into the cloud
Institutions such as CBA and NAB are driving the data centre surge, shifting IT systems into services run by US giants. The regulator is paying close attention.
