Commenters focused on why Firmus’s planned $30B IPO collapsed, with many blaming an unrealistically high valuation and risky financing needs. One commenter quoted an Australian super fund saying the company is “priced to perfection” and will likely need more debt and equity, and welcomed a market correction before index funds and retail investors get hurt. Others highlighted governance concerns: a comment accused the executive team of being “rotten,” pointing out that an executive, Oliver Curtis, recently served time for insider trading. Several people posted links to Reuters, BBC and archival copies to corroborate these points.
Opinion split over the role of big tech capital versus market discipline. Some commenters noted Nvidia’s $500M investment and argued, as one did, that Nvidia is pouring cash into any AI- and data-center-adjacent startup to propagate GPU adoption and accelerate growth; that commenter suggested Nvidia has so much cash it must either expand the market or return capital. Opposing voices warned about excessive hype and “slushing” money around, urging skepticism of boosters and celebrating what they saw as a healthy deflation of overpriced bets.
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Weave, a startup part of YC's Winter 2025 batch, is hiring engineers in machine learning, AI, product, and design roles. The company is actively recruiting as part of its growth efforts. (jobs.ashbyhq.com)
Firmus Technologies withdrew its highly anticipated ASX listing plans after failing to attract sufficient investor demand. The datacentre company's rapid rise and fall highlight the volatility of hype-driven tech IPOs in Australia. (theguardian.com)
Geely will enter the Canadian market with plans to start sales in 2027, but has not announced specific models or prices yet. The company is establishing a dealer network and building its retail presence in Canada, focusing on electric and hybrid vehicles. (electrek.co)
SoftBank is seeking $100 billion from Gulf investors to fund its expansion in artificial intelligence. The move aims to strengthen SoftBank's position in the AI industry and attract more investment in the sector. (ft.com)
Hiring a Fractional CFO was a game changer after overcoming the fear of ineffective hires. The person asks others about their experiences with fractional CFOs. (news.ycombinator.com)
Germany's robotics company RobCo has achieved a $1 billion valuation, making it Europe's newest unicorn in the robotics sector. The company specializes in developing advanced robotic solutions for various industries. (techfundingnews.com)
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