The Information, citing people familiar with the matter, reports NVIDIA is in talks to invest in Australian AI cloud provider Firmus, potentially deploying several hundred million dollars. Firmus abruptly withdrew an IPO earlier this month. The discussions indicate NVIDIA may continue to support so-called Neocloud AI cloud providers — firms that loaded up on NVIDIA GPUs with significant leverage and now face mounting financial pressure. The Information adds NVIDIA has made more than $170 billion

The Information, citing people familiar with the matter, reports NVIDIA is in talks to invest in Australian AI cloud provider Firmus, potentially deploying several hundred million dollars. Firmus abruptly withdrew an IPO earlier this month. The discussions indicate NVIDIA may continue to support so-called Neocloud AI cloud providers — firms that loaded up on NVIDIA GPUs with significant leverage and now face mounting financial pressure. The Information adds NVIDIA has made more than $170 billion in customer commitments, including credit guarantees to help clients secure debt financing.