Nvidia-backeed Australian AI company Firmus raises $325 million

By Scott Murdoch and John Biju (Reuters) -Australia's Firmus announced on Friday it would raise A$500 million ($324.​9 million) in a new funding round, as the artificial ‌intelligence company and potential IPO candidate looks to accelerate development of Project Southgate, its AI infrastructure ‌initiative. The fundraising, the second in two months, was backed by U.S chip giant Nvidia Corp and domestic fund manager Ellerston Capital, according to a person familiar with the matter. The two investors are ...