NVDA250530C150000.US

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Firmus Technologies Partners With $NVIDIA(NVDA.US) NVIDIA in AI Cloud Infrastructure Deal

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ Australia's 𝐅𝐢𝐫𝐦𝐮𝐬 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 signed a 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 partnership with NVIDIA.

➤ Firmus will purchase NVIDIA infrastructure and offer 𝐍𝐕𝐈𝐃𝐈𝐀-𝐩𝐨𝐰𝐞𝐫𝐞𝐝 cloud services.

➤ Agreement includes delivery of 𝟏𝟕𝟎,𝟎𝟎𝟎 GPUs from 𝐐𝟏 𝟐𝟎𝟐𝟕 through early 𝟐𝟎𝟐𝟖.

➤ The AI infrastructure will be deployed in 𝐁𝐚𝐭𝐚𝐦, 𝐈𝐧𝐝𝐨𝐧𝐞𝐬𝐢𝐚.

➤ NVIDIA will receive 𝐩𝐫𝐨𝐝𝐮𝐜𝐭 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 and a share of 𝐜𝐥𝐨𝐮𝐝 𝐫𝐞𝐯𝐞𝐧𝐮𝐞.

➤ Firmus expects up to 𝐔𝐒$𝟑𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in revenue during the first 𝐬𝐢𝐱 𝐲𝐞𝐚𝐫𝐬.

➤ Firmus raised 𝐔𝐒$𝟏.𝟑𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 over six months, reaching a 𝐔𝐒$𝟓.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 valuation.

➤ Firmus has appointed investment banks for a potential 𝐈𝐏𝐎, according to Reuters sources.

👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

➤ Partnership expands NVIDIA's footprint in the 𝐀𝐈 𝐜𝐥𝐨𝐮𝐝 infrastructure market.

➤ Deal aims to improve 𝐆𝐏𝐔 𝐚𝐜𝐜𝐞𝐬𝐬 for emerging AI companies.

➤ Long-term revenue-sharing model could benefit both 𝐅𝐢𝐫𝐦𝐮𝐬 and NVIDIA.

👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭:

➤ "We have worked to figure out how to close the gap between the cost benefits that the large guys have access to, which they do because they have great credit ratings, and the guys that are up and comers." — 𝐓𝐢𝐦 𝐑𝐨𝐬𝐞𝐧𝐟𝐢𝐞𝐥𝐝, Co-Chief Executive Officer of Firmus Technologies.

➤ "This is actually a really material way to level the playing field a little bit to give the next a chance to compete with the big guys." — 𝐓𝐢𝐦 𝐑𝐨𝐬𝐞𝐧𝐟𝐢𝐞𝐥𝐝, Co-Chief Executive Officer of Firmus Technologies.