Australia Technology

Firmus has launched an initial public offering to raise at least US$5 billion ahead of a planned ASX debut on Oct. 26.

Motio (ASX:MXO) has agreed to be acquired by IVE Group Australia, a subsidiary of IVE Group (ASX:IGL).

KTEK Aerosystems (ASX:KTK) has received a binding initial purchase order of US$200,000 from an Israeli defence prime contractor.

X2M Connect (ASX:X2M) has signed a non-binding memorandum of understanding with Gateway Datacentres.

Prime Minister Anthony Albanese stated that Australia supports diplomatic cooperation between the US and China to establish safety protocols for artificial intelligence.

Australia’s Department of Home Affairs is considering regulatory changes that could require any organisation hacked by an autonomous artificial intelligence tool.

AdAlta (ASX:1AD) confirmed that manufacturing partner Ori Biotech signed a 10-year agreement valued at US$120 million.

The Reserve Bank of Australia warned that high demand for data centres is pushing up global inflation alongside the ongoing Middle East conflict.

Data centre developer Firmus is targeting an initial public offering on Oct. 22 that could value the business at up to US$60 billion.

HiTech Group Australia (ASX:HIT) has appointed Nicole Walker as Group CFO and COO following its completed acquisition of selected assets from Hudson Global Resources (Aust).

Data-centric security firm archTIS (ASX:AR9) has secured a software licensing contract worth approximately $119,000.

Stakk (ASX:SKK) has finalised its acquisition of ParaScript for US$63 million in a cash and scrip transaction.