SYDNEY, June 29: Australian AI infrastructure company Firmus Technologies announced on Monday that it has entered into a strategic partnership with Nvidia Corp to provide emerging AI companies with more cost-effective access to computing power.
• Firmus said the deal would allow it to capture a share of the U.S.-listed chip giant’s product and cloud revenue by acquiring Nvidia’s infrastructure and selling Nvidia-powered cloud services to “AI native” customers and others.
• The contract will deliver 170,000 graphics processing units (GPUs) to Batam, Indonesia, from the first quarter of 2027 to early 2028.
• Farmus said it expects to generate up to $30 billion in revenue over the first six years of the deal, based on customer commitments.
• The Australian-founded company said the partnership will make technology infrastructure more accessible to smaller and developing AI companies.
• Tim Rosenfield, co-chief executive of Farmus, told Reuters: “We have been looking at ways to bridge the gap between the cost advantages that large companies enjoy due to their strong credit ratings and up-and-coming companies.” “This is actually a really important way to level the playing field a little bit and give the next players a chance to compete with the big players.”
• According to Farmus, NVIDIA participated in Farmus’ previous capital raising and became an investor in the Australian company.
• Farmus announced in April that it had raised $1.35 billion in the past six months, giving it a post-money valuation of $5.5 billion. The government has appointed an investment bank to work on a potential initial public offering (IPO), the people said.
• Rosenfield declined to comment on Farmus’ IPO preparations.
