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Questions over Firmus multibillion-dollar float amid datacentre backlash
Original: 🤖 ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash ‘A
Firmus, a developer of 'AI factory' datacentres, is on track to launch the second-biggest IPO in Australian history, worth billions of dollars. But the listing is drawing criticism, with investors questioning the company's forecasts, reportedly calling them 'a little bit of a fairytale' given that the firm is, in critics' words, 'coming from nothing'. The float comes amid wider public backlash over datacentre expansion and its energy and environmental costs.
Why now: Concerns that a little-known company could raise one of Australia's largest IPOs on AI enthusiasm are fuelling debate amid datacentre opposition.
Evidence
- 🤖 ‘These guys are just coming from nothing’: questions over multibillion-dollar Firmus float amid datacentre backlash ‘AI factories’ developer on track to launch the second-biggest IPO in Australian history, but investors warn its forecasts are ‘a little bit of a fairytale’Get… · feed@igeek.gamer-geek-news.com · 1
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