Australia's NEXTDC inks MoU with OpenAI to develop AI infrastructure in Sydney, shares jump

By Kumar Tanishk and Adwitiya Srivastava Dec 5 (Reuters) - NEXTDC Ltd said on Friday it inked a memorandum of understanding with ChatGPT maker OpenAI to ​collaborate on the development of a hyperscale AI campus and graphics processing ‌unit supercluster in Sydney, boosting its shares. Shares of the Queensland-headquartered data centre operator rose as much as ‌10.9% to A$14.900 by 2312 GMT, its highest level since November 13. The stock was the top gainer on the broader benchmark index, which fell 0.3%. ...