NVIDIA-backed Australian AI startup Firmus Technologies secured a $10 billion loan led by Blackstone Inc. to expand its data center operations. The company will use the funds to roll out data centers across Australia equipped with NVIDIA chips. This financing represents one of the largest private credit deals in the country.
The deal underscores massive global capital expenditure in the AI sector, which is projected to exceed $3 trillion over the next five years. Significant investment in Firmus Technologies indicates sustained long-term demand for NVIDIA’s hardware. This transaction reinforces NVIDIA’s central role in the ongoing AI infrastructure boom.