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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".
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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.