NextDC, OpenAI to develop $4.6 Billion data centre in Sydney
The $4.6 billion data center to be built on NextDC’s facility in Sydney will serve OpenAI clients such as Commonwealth Bank of Australia and Wesfarmers.
Yessar Rosendar, Forbes Staff
Amazon earmarks $4.4 billion for New Zealand data centre push
Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.
Canva valued at $42 billion in employee share sale
The latest funding round was led by Fidelity Management & Research and funds linked to J.P. Morgan Asset Management.
Blackstone-backed AirTrunk gets $1.8 billion loan to build second data centre
The new AI-powered data center, which will have a capacity of over 70 megawatts, will be financed by a syndicate of more than 20 banks including Crédit Agricole CIB, DBS Bank and ING Bank.
Australian billionaire’s WiseTech to acquire U.S. firm for $2.1 billion
WiseTech Global, the Australian logistics software company founded by Australian billionaire Richard White, plans to buy cloud computing firm E2open for $2.1 billion.
Indonesian billionaire brothers’ Djarum Group unveils electric SUVs amid intense competition
Polytron, which has been selling electric motor bikes since 2022, hopes to hold its own against foreign car manufacturers. Its SUVs can travel across a distance of 402 kilometers on a fully-charged battery.
Google doubles down on Malaysia with $236 million data center deal
Malaysia is rapidly emerging as a key hub for data centers, fueled by the region’s AI boom. Last year, Google announced plans to invest $2 billion in the country.
Embattled Star accepts $300 million funding deal from U.S. casino operator Bally’s
Under the deal, Bally’s will purchase a combination of Star’s convertible notes and subordinated debt, delivered in multiple stages, according to an exchange filing.
Billionaire climate activist Mike Cannon-Brookes defends F1 sponsorship, private jet use
Australian tech billionaire and climate activist Mike Cannon-Brookes has defended his company’s sponsorship of the Williams Formula 1 team and his use of a private jet, emphasizing the need for pragmatic trade-offs in the pursuit of sustainability.
Billionaire Bruce Mathieson’s embattled Star gets $650 million debt refinancing offer from Oaktree
Star Entertainment Group—backed by Australian billionaire Bruce Mathieson—has received $414 million debt refinancing offer from U.S. alternative asset manager Oaktree Capital Management, providing the cash-strapped casino operator a potential lifeline.