One of the investors is Nvidia, which two months before writing the check signed the company to an agreement covering Nvidia hardware purchases.
“Firmus, the Australian AI-factory builder, raised $2 billion at a valuation above $10.5 billion, nearly doubling its April mark in four months, a milestone for Asia-Pacific AI infrastructure backed by Nvidia, Blackstone, Coatue and Jane Street.”
Firmus, via its 2026-08-06 strategic equity round announcement, amplified across funding coverage August 7-9 with the vendor relationship mostly reduced to 'Nvidia-backed'
Recorded 14 August 2026. Our ruling means: literally true, materially misleading.
Firmus Technologies has raised $2 billion in fresh equity at a valuation above $10.5 billion, nearly doubling the Australian AI infrastructure startup's valuation in just four months
CEO Jensen Huang immediately got out in front of the question of whether Monday's MOUs constitute more circular financing – agreements by which companies effectively pay themselves by investing in their own customers and one of the main criticisms of the AI buildout so far.
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“AI is dramatically accelerating AI research at Anthropic right now, roughly doubling the pace of capabilities progress.”
TRUE, BUTLab Not FieldAjeya Cotra on Planned Obsolescence, reading METR's assessment and Anthropic's S-1 statement that it may imminently meet its own threshold
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