fintech / news / / Australian Financial Review
Iren, the Nasdaq-listed artificial intelligence data centre operator run by Australian brothers Daniel and Will Roberts, kick-started a sharemarket rollercoaster ride after announcing a multi-billion-dollar partnership with Nvidia.
Iren announced a $3.4 billion partnership deal with Nvidia to expand AI data centres.
KEY POINTS
- Nvidia will use Iren's facilities and equip them with advanced Blackwell processors.
- This arrangement exemplifies the circular economy emerging in the AI infrastructure sector.
- Iren's collaboration with Nvidia triggered significant sharemarket volatility upon announcement.
COMPANIES
Summarized by Newsio from Australian Financial Review. How we summarize →