April 08, 2026
Firmus, the ‘Southgate’ AI data center builder backed by Nvidia, hits $5.5B valuation
Firmus has achieved a staggering $5.5 billion valuation after raising $1.35 billion in just six months, underscoring the intense demand for AI infrastructure. Backed by Nvidia, Firmus is positioned as a key player in the burgeoning AI data center market in Asia. This rapid valuation growth highlights the strategic importance of data centers in supporting AI advancements and the confidence investors have in Firmus's potential to lead in this space.
New Funding Rounds
New Product Launches
Industry Moves
Intel has joined Elon Musk's Terafab AI chip project, marking a significant partnership in the semiconductor space. This collaboration aims to bolster U.S. semiconductor manufacturing capabilities, aligning with national interests in tech independence.
Notable Takes
The AI gold rush is reshaping investment strategies, with private wealth increasingly bypassing traditional VCs to directly invest in AI startups. This trend highlights a shift towards more active participation by family offices in the AI sector.
Policy & Regulation
Unionized ProPublica staff are striking over AI-related issues, including layoffs and wages, reflecting growing tensions in the media industry over AI's impact on jobs and labor conditions.