Firmus, the ‘Southgate’ AI data center builder backed by Nvidia, hits .5B valuation

Firmus, the ‘Southgate’ AI data center builder backed by Nvidia, hits $5.5B valuation

Asia AI data center provider Firmus on Monday announced a fresh $505 million raise led by Coatue at a $5.5 billion post-money valuation. With this round, Firmus has raised $1.35 billion in six months, it says. The Singapore-based data center company previously raised AU$330 million (approximately $215 million) at an AU$1.85 billion ($1.2 billion) valuation from investors, including…

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OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day work week

OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day work week

As governments grapple with how to manage the economic fallout of superintelligent machines, OpenAI has released a set of policy proposals outlining the ways wealth and work could be reshaped in an “intelligence age.” The ideas blend traditionally left-leaning mechanisms like public wealth funds and expanded social safety nets with a fundamentally capitalist, market-driven economic…

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