Are cracks beginning to emerge in the glittery AI facade?
2 sources·Updated October 13, 2026
Covered by 2 sources
- Guardian Australia·5h agoHow Firmus went from Australia’s AI 'fairytale' to flop - podcast
It was supposed to be an Australian business success story. Just over a week ago local AI company Firmus was preparing to hit the market with a value that would put the startup in the same league as Woolworths. But last Friday, everything fell apart. At the centre was Firmus…
Read at Guardian Australia → - ABC Business AU·1d agoAre cracks beginning to emerge in the glittery AI facade?
Amidst the wreckage of last week's failed mega capital-raising by data centre provider Firmus Technologies was a creeping sense that, once again, Australia had somehow fallen short.
Read at ABC Business AU →