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ASIC probes failed $44B Firmus IPO over investor demand claims

Australia’s corporate regulator is examining the abandoned sharemarket listing of AI infrastructure company Firmus amid concerns about investor demand disclosures and potential conflicts of interest.

Source: Commbank

CommBank economists forecast November RBA interest rate hike as inflation risks build

CommBank economists now expect the RBA to lift the official cash rate to 4.85% next week as domestic and global inflation…

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Firmus IPO withdrawal raises questions over Australia’s AI infrastructure boom

Australian AI infrastructure company Firmus has reportedly withdrawn plans for a $44 billion listing on the…

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89% of CIOs say they’re now more responsible for workforce redesign than core IT infrastructure

Thoughtworks' survey of 3,200 CIOs finds no dominant model for enterprise AI leadership with Australian CIOs…

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OpenAI to face parliamentary questions over Medicare AI breach

OpenAI will appear before Australian parliamentarians next week as the federal government examines the fallout from…

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ASIC tightens AI trading safeguards in market integrity rules

ASIC is strengthening safeguards for automated and AI-enabled trading while streamlining regulatory requirements for securities and…

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