The Wall Street Journal reported that Lambda, a California company that rents out Nvidia-based computing for AI, is raising as much as $4 billion in a round led by Blackstone and Coatue Management, at a valuation of $14.5 billion before the new money. It is…
Finance angle The figures are $4 billion of equity against a $50 billion backlog: a 'neocloud' has to buy the chips and build the capacity before the contracted revenue arrives, so the money raised flows on to Nvidia and to data-centre and power providers. A backlog is committed orders, not revenue, and it more than tripled in…
DeepSeek, the Chinese AI model developer, is aiming to raise at least $12 billion and possibly as much as 100 billion yuan (about $15 billion), double its initial plan of 50 billion yuan, according to a Bloomberg News report carried by Reuters and relayed…
Finance angle The finance angle: $12-15 billion of fresh capital at about a $74 billion valuation for the main Chinese maker of low-priced open models, the kind of models that put price pressure on US labs' API revenue. The spending goes to Huawei — 160,000 Ascend accelerators and a data centre in Inner Mongolia — not to Nvidia,…
DayOne Data Centers Limited, a Singapore-based developer that was part of China's GDS Holdings until the end of 2024, filed a Form F-1 on October 5 to list American depositary shares on Nasdaq under the symbol DODC. It reports revenue of $512.0 million and a…
Finance angle The filing puts numbers on what AI and cloud demand is worth to a landlord of computing space: half-year revenue already above the whole of 2025, funded by $4.3 billion of long-term borrowings. No price range or share count is set; Renaissance Capital estimates the raise at about $3.0 billion, which would make it one…
Firmus Grid, an Australian AI data-centre operator backed by Nvidia and Blackstone, plans to allocate roughly half the shares in its initial public offering to existing shareholders, Investing.com reported, citing Bloomberg. The company is seeking up to…
Finance angle At up to A$5.5 billion the sale would exceed Medibank's 2014 float of just under A$5 billion, among the largest Australian listings. The money goes to GPU infrastructure for Firmus's first data centre in Batam, Indonesia, so much of it flows on to chip suppliers, Nvidia first among them, which is both a shareholder…
The US IPO calendar opens the fourth quarter empty: Renaissance Capital lists no deals scheduled to price in the week of October 5. It names three companies that are eligible to launch - neocloud firm Nscale and biotechs TRex Bio and Iambic Therapeutics. The…
Finance angle An empty week means no underwriting fees for the banks that run US listings and no new supply for funds that buy them. Renaissance's IPO Index was up 16.4% for the year at October 1 against 13.0% for the S&P 500, so recent listings have traded better than the wider market - the lull is about timing, not poor…
Stories are summarised in our own words from the linked reports; every one credits its publisher. Facts and exposure, never a tip: XDQ Labs is not registered with SEBI, the US SEC, FINRA or any European regulator. US and European share prices are not shown.