Australia's Firmus raises $505 million to expand AI infrastructure across Asia-Pacific

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The company plans to use the funds to ​scale its AI infrastructure platform across the ​Asia-Pacific region. It will also ⁠support its Project Southgate initiative, which ​aims to build a ​network of AI factories across Australia. The project, developed in collaboration with Nvidia and CDC Data Centres, is expected ‌to reach a capacity of up to ​1.6 gigawatts ​over the ⁠next three years.