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    <title>Aaj TV English News - Business &amp; Economy</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Mon, 29 Jun 2026 12:51:49 +0500</pubDate>
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      <title>Australia's Firmus Technologies strikes AI access deal with Nvidia</title>
      <link>https://english.aaj.tv/news/330461470/australias-firmus-technologies-strikes-ai-access-deal-with-nvidia</link>
      <description>&lt;p&gt;&lt;strong&gt;Australian AI infrastructure company Firmus Technologies said on Monday it had ​signed a strategic partnership with Nvidia Corp to help provide emerging ‌AI firms with more cost-effective access to computing power.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Firmus said the deal would see it buy Nvidia infrastructure and sell Nvidia‑powered cloud services to “AI Native” customers, among ​others, in an agreement that would earn the US-listed chip giant product ​revenue and a share of cloud revenue.&lt;/p&gt;
&lt;p&gt;The deal will ⁠deliver 170,000 Graphics Processing Units (GPU) from the first quarter of 2027 ​to the start of 2028, that will be located in Batam, Indonesia.&lt;/p&gt;
&lt;p&gt;Firmus ​said it expected to earn up to $30 billion in revenue during the first six years of the deal, based on customer commitments.&lt;/p&gt;
&lt;p&gt;The Australian-founded company said the deal ​would make it easier for smaller and developing AI firms to ​access the technology’s infrastructure.&lt;/p&gt;
&lt;p&gt;“We have worked to figure out how to close the gap ‌between ⁠the cost benefits that the large guys have access to, which they do because they have great credit ratings, and the guys that are up-and-comers,” Firmus co-chief executive Tim Rosenfield told Reuters.&lt;/p&gt;
&lt;p&gt;“This is ​actually a really ​material way to ⁠level the playing field a little bit to give the next a chance to compete with the ​big guys.”&lt;/p&gt;
&lt;p&gt;NVIDIA has participated in Firmus’ previous capital raisings ​, making it ⁠an investor in the Australian firm, according to Firmus.&lt;/p&gt;
&lt;p&gt;Firmus said in April it had raised $1.35 billion over the previous six months, giving it a $5.5 billion post-money ⁠valuation.&lt;/p&gt;
&lt;p&gt;​It has appointed investment banks to work ​on a potential initial public offering, according to people familiar with the matter.&lt;/p&gt;
&lt;p&gt;Rosenfield declined to ​comment on Firmus’ IPO preparations.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Australian AI infrastructure company Firmus Technologies said on Monday it had ​signed a strategic partnership with Nvidia Corp to help provide emerging ‌AI firms with more cost-effective access to computing power.</strong></p>
<p>Firmus said the deal would see it buy Nvidia infrastructure and sell Nvidia‑powered cloud services to “AI Native” customers, among ​others, in an agreement that would earn the US-listed chip giant product ​revenue and a share of cloud revenue.</p>
<p>The deal will ⁠deliver 170,000 Graphics Processing Units (GPU) from the first quarter of 2027 ​to the start of 2028, that will be located in Batam, Indonesia.</p>
<p>Firmus ​said it expected to earn up to $30 billion in revenue during the first six years of the deal, based on customer commitments.</p>
<p>The Australian-founded company said the deal ​would make it easier for smaller and developing AI firms to ​access the technology’s infrastructure.</p>
<p>“We have worked to figure out how to close the gap ‌between ⁠the cost benefits that the large guys have access to, which they do because they have great credit ratings, and the guys that are up-and-comers,” Firmus co-chief executive Tim Rosenfield told Reuters.</p>
<p>“This is ​actually a really ​material way to ⁠level the playing field a little bit to give the next a chance to compete with the ​big guys.”</p>
<p>NVIDIA has participated in Firmus’ previous capital raisings ​, making it ⁠an investor in the Australian firm, according to Firmus.</p>
<p>Firmus said in April it had raised $1.35 billion over the previous six months, giving it a $5.5 billion post-money ⁠valuation.</p>
<p>​It has appointed investment banks to work ​on a potential initial public offering, according to people familiar with the matter.</p>
<p>Rosenfield declined to ​comment on Firmus’ IPO preparations.</p>
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      <category>Business &amp; Economy</category>
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      <pubDate>Mon, 29 Jun 2026 10:00:12 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>-- Reuters</media:title>
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