Source: Bloomberg
Summary
Firmus, an Asia-based AI data center provider backed by Nvidia, has raised $1.35 billion in funding over the past six months. The company plans to use the funds to expand its data center infrastructure and support growing demand for AI computing in the region.
Our Reading
The launch follows a familiar script.
Firmus gets a huge cash injection to build more data centers for AI. Because what the world really needed was more data centers. Nvidia is happy to back this venture, probably because they want to sell more GPUs. Firmus will now expand its operations, because that’s what companies do with $1.35 billion. And we’re supposed to be impressed by the sheer scale of it all. “AI computing” is just a fancy way of saying “lots of computers doing math”.
Author: Evan Null
