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BusinessAustralia's Maas Group halted trading pending an announcement after Nvidia-backed data centre operator Firmus shelved its $5 billion IPO plan due to market volatility. Maas, which increased its stake in Firmus to 3.2% in August, saw shares plunge over 20%, wiping out A$517 million in market value. Firmus will now pursue private fundraising instead of a public listing.
Mint Companies·
ScienceOpenAI's recent release of hundreds of AI-generated mathematical results has sparked debate about the independent verification of these proofs. Researchers warn that while the findings may be valuable, their reliability depends on thorough human scrutiny. Additionally, concerns about cryptographic security have led to warnings for digital asset holders regarding potential risks.
Firstpost Tech·
HealthA gas leak from a cylinder pipe caused a fire at Hostel No. 6 in IIT Bombay's Powai campus on Thursday night. Five people, including two children aged 12 and 9, were injured. They were admitted to Rajawadi and Kasturba hospitals. The incident was reported around 10:25 PM, and police and BMC teams responded promptly.
News18 Hindi··Mumbai
ScienceHurricane Isaias is approaching the Gulf Coast as a dangerous storm, prompting evacuations and preparations in coastal areas. The hurricane is expected to bring severe weather, including high winds and heavy rainfall across multiple states. Oil production in the Gulf has been significantly impacted, with 1.3 million barrels taken off the market due to shutdowns. Communities are urged to prepare for rapidly worsening conditions.
Economic Times·
TechnologyPresident Donald Trump awarded National Medals to tech leaders including Satya Nadella. Vice President JD Vance announced a suspension of Microsoft's green card applications, citing visa abuse allegations. Vance criticized Microsoft for laying off American workers while hiring foreign employees. The announcement came during ongoing debates about AI's impact on the economy.
Economic Times·
BusinessThe Sensex and Nifty 50 indices fell nearly 1.5% on Thursday, extending the ongoing market correction. After opening weak, the benchmarks remained under pressure throughout the session, closing near their daily lows due to widespread selling. Despite a positive signal from GIFT Nifty, Asian shares traded lower, reflecting cautious investor sentiment.
ET Markets·
Mint Companies·
Australia's Maas Group halted trading pending an announcement after Nvidia-backed data centre operator Firmus shelved its $5 billion IPO plan due to market volatility. Maas, which increased its stake in Firmus to 3.2% in August, saw shares plunge over 20%, wiping out A$517 million in market value. Firmus will now pursue private fundraising instead of a public listing.
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