A long-time banker, a former Victorian Liberal Party official and a low-profile lawyer were among the first to back the data centre hopeful – at a bargain price.

#firmus #bitcoin #victorian

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Morgans Financial had 3.6b reasons to push failed Firmus float

Technology

1w ago

Morgans Financial had 3.6b reasons to push failed Firmus float

The previously undisclosed extent of the stockbroking giant’s exposure to the data centres developer is revealed in a comprehensive shareholder register.

#firmus

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Potentia lays groundwork to exit $550m buyout of Nitro amid AI threat

Technology

1w ago

Potentia lays groundwork to exit $550m buyout of Nitro amid AI threat

The private equity investor is soliciting advice on options for the PDF management software business, issuing an information pack to corporate advisers.

#nitro

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Billionaire Smorgon family-backed PE shop deploys $40m in M&A trifecta

Technology

1w ago

Billionaire Smorgon family-backed PE shop deploys $40m in M&A trifecta

Newbie PE firm Partnership Capital – which is backed by the wealthy Victor Smorgon Group – has had a busy first year on the block.

#billionaire-smorgon #equity #partnership

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Musicians pressed to recreate AI tracks so firms can secure copyright

Technology

1w ago

Musicians pressed to recreate AI tracks so firms can secure copyright

Top composers are demanding the Albanese government ensure retrospective pay for AI-scraped tracks, and say firms want them to re-record AI-generated music.

#albanese

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Silver Lake appoints crisis, debt specialists to Ticketek board

Technology

1w ago

Silver Lake appoints crisis, debt specialists to Ticketek board

The private equity firm that owns the company behind Ticketek has reshaped the board after a third year in the red, taking losses to almost $400 million.

#silver-lake #ticketek

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US believes Nvidia’s Huang had romantic relationship with alleged Chinese spy

Technology

1w ago

US believes Nvidia’s Huang had romantic relationship with alleged Chinese spy

American intelligence warned the tech boss was involved with executive recruited by China’s top spy agency to gather information on US group.

#nvidia #huang #usa

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Technology

1w ago

Wall Street rebounds after tech selloff

Technology reversed some of Thursday’s losses, while a positive US jobs report boosted investor sentiment.

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Inside the Murdochs’ Manhattan gala with Anthropic and Nick Cave

Technology

1w ago

Inside the Murdochs’ Manhattan gala with Anthropic and Nick Cave

A who’s who of Australian executives in the US, including Rupert and Lachlan Murdoch, gathered for an annual dinner that honoured a News Corp lieutenant.

#anthropic #australia #york

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