Nvidia-backed data centre firm scraps IPO as AI valuation concerns deepen
Firmus said it had made the decision due to "recent market volatility and prevailing market conditions".
Saturday, October 10, 2026
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Firmus said it had made the decision due to "recent market volatility and prevailing market conditions".
It had previously been reported that the AI lab's annualized revenue was some $70 billion, but a new report claims it's a whole lot less than that.
https://archive.is/EFOhL Comments URL: https://news.ycombinator.com/item?id=50019455 Points: 160 # Comments: 137
The camera-maker says it is now re-evaluating the rules and procedures of its Small World in Motion contest.
Commercials once launched careers from Ridley Scott to Guy Ritchie, now automated production is cutting costs – and the chance to learn by doing When Ridley Scott was awarded the UK’s highest accolade for a glittering career directing films from Alien and Blade Runner to Gladiato
The architect of Google DeepMind’s AlphaGo on building machines that can teach themselves — and why he feels a moral obligation to advance the technology
Liability lawsuits have held tobacco, oil and pharma companies to account in the past. AI investors won’t ignore this threat The most basic function of government is to protect people from harm. Two growing phenomena – the climate crisis and AI – pose escalating risks of extraord
Nikon says the video that originally won first place in its Small World in Motion contest "did not comply with the competition rules regarding generative AI." BBC reports that the original first place video from Dr. Ning Xu claimed to show "tiny, hair-like structures called cilia
The AI firm instead claims the researchers were fired for mishandling sensitive information.
Amazon says it will stop using NDAs when negotiating data center deals with local governments, following a similar move from Microsoft earlier this year. Secrecy has fueled community backlash against AI infrastructure, with opposition leading to hundreds of proposed and enacted m
Amazon says it will stop using NDAs when negotiating data center deals with local governments, following a similar move from Microsoft earlier this year. Secrecy has fueled community backlash against AI infrastructure, with opposition leading to hundreds of proposed and enacted m
Former Labour deputy leader says tech firm would work with a Reform UK government on immigration crackdowns Tom Watson, the former Labour deputy leader who recently joined Palantir, has warned against “mob rule” when it comes to awarding public contracts. Lord Watson, now a senio
I would much rather see AHM engage with companies like OpenAI and push them to improve how they publish and verify mathematical results. Refusing to work with AI companies won't stop the technology from improving. It will only leave mathematicians with less influence over how