Australian AI cloud firm Firmus raises $2B from Blackstone, Nvidia

Firmus, an Australian AI cloud computing company, raised $2 billion in an equity sale. Investors include Blackstone, Coatue, Nvidia, and Jane Street.

Why it matters: The round size and investor list, including Nvidia and major asset managers, shows how much capital is flowing into AI compute infrastructure outside the US, particularly in the Asia-Pacific region where data center buildout is accelerating alongside the US and China.