Firmus went from being one of Australia’s hottest IPO prospects to a spectacular flop in less than 48 hours. The Nvidia-backed data center operator’s failed listing has raised questions about sky-high valuations, enormous funding needs and just how much investors are willing to pay for the promise of future AI profits.

Bloomberg’s Sydney Bureau Chief Ainslie Chandler joins Chris Bourke to unpack what went wrong — and why the Firmus fiasco may be a warning sign for the billions pouring into AI infrastructure around the world.

Firmus went from being one of Australia&rsquo;s hottest IPO prospects to a spectacular flop in less than 48 hours. The Nvidia-backed data center operator&rsquo;s failed listing has raised questions about sky-high valuations, enormous funding needs and just how much investors are willing to pay for the promise of future AI profits.
Bloomberg&rsquo;s Sydney Bureau Chief Ainslie Chandler joins Chris Bourke to unpack what went wrong &mdash; and why the Firmus fiasco may be a warning sign for the billions pouring into AI infrastructure around the world.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business. 

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

The Bloomberg Australia Podcast

Each week, Rebecca Jones and Bloomberg's team of reporters lift the lid on the biggest stories shaping Australia's place in global business.

How Firmus Exposed Cracks in the AI Funding Frenzy

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/74919331-8081-4c56-abac-b4e4002d56ab/transcript