Is the Firmus fiasco a crack in the AI boom?
Source: https://www.abc.net.au/news/2026-10-13/australia-ai-hopes-hit-as-firmus-data-centre-float-tanks/107256400
Amidst the wreckage of last week's failed mega capital-raising by data centre provider Firmus Technologies was a creeping sense that, once again, Australia had somehow fallen short.
Australia may be good at innovation and invention (think wi-fi and over-the-horizon radar, along with a host of medical breakthroughs and advances), but as a nation we don't have a great track record… [+7772 chars]