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ABC Australia

The Firmus 'flop' warning for the AI bubble

OCT 14, 202615 MIN

Description

It was meant to be the biggest ASX listing since the privatisation of Telstra, but last week the initial public offering for Firmus was dramatically pulled before a single share was traded.  The co-founder of the AI startup, Oliver Curtis has since lashed out - blaming Australians for failing to support people prepared to take a risk.     Today, columnist at the Australian Financial Review Mark Di Stefano on whether he could be right or if it's an early sign of a bursting AI bubble.    Featured:   Mark Di Stefano, Australian Financial Review columnist