NXT ASX: NextDC goes high-performance with $1.3b capital raise for new data centres
Chief executive Craig Scroggie said there was so much demand for processing amid an AI boom that the company had brought forward investment plans.
Source: afr.com
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APX ASX: Armughan Ahmad's Appen plunges 30pc as losses widen
Data services business Appen has warned its core business is under pressure as it shifts its focus to generative AI.
Source: afr.com
The ASX stocks that could ride the AI boom like Nvidia
AI has lit a fire underneath tech stocks, but investors are split over whether the innovation will transform business models or end up a fad like blockchain or 3D printing.
Source: afr.com
ASX TNE: TechnologyOne shares hit record high, market capitalisation surpasses $5b
Enterprise software company TechnologyOne’s market capitalisation has surpassed $5 billion for the first time, following strong subscriber growth.
Source: afr.com
ASX APX: Appen seeks $60 million to recast itself for the ChatGPT era
The data services company is raising $60 million as it cuts 300 jobs and makes a play for the hot new generative AI market.
Source: afr.com