Nvidia-backed Australian data center operator Firmus Grid has officially withdrawn its planned $5 billion (A$7.1 billion) initial public offering on the Australian Securities Exchange (ASX). The decision to pull what would have been one of Australia's largest listings on record follows pushback from institutional investors over aggressive valuation targets, execution risks, and heavy leverage associated with its rapid expansion. The board concluded that the offered terms did

Google DeepMind has opened public access to a dedicated SynthID Detector website, allowing users worldwide to upload media files and verify whether an image, audio clip, or video was generated or modified using artificial intelligence. The standalone web portal democratizes a digital watermarking verification technology that was previously restricted to enterprise clients, developers, and internal Google product teams. The launch arrives as synthetic media volumes surge acros

Artificial intelligence leader OpenAI has indicated to investors that its annualized revenue run rate is hovering near $50 billion, approximately $20 billion below informal estimates previously circulating across financial markets. The disclosure sparked a sharp sell-off across semiconductor manufacturers and cloud infrastructure providers, reigniting debate surrounding commercial monetization models and capital expenditure requirements across the generative AI sector. While

Global online fashion retailer ASOS has confirmed a cybersecurity incident that exposed customer personal data after threat actors compromised an employee account through a targeted social engineering scheme. The breach came to light after attackers hijacked official communication channels to push rogue mobile app notifications directly to users, directing them to an external Telegram channel. Editorial credit: FotoField / Shutterstock While ASOS confirmed that sensitive fina

AI voice company ElevenLabs has doubled its valuation to $22 billion after completing a $300 million employee tender offer, marking a sharp increase from the $11 billion valuation it reached in its February funding round. The tender was led by investment firms Wellington and T. Rowe Price, with participation from existing backers including Andreessen Horowitz and Lightspeed, as well as new investors such as EQT and Goldman Sachs. Unlike a traditional funding round, the transa