Firmus’ flop; Labor’s AI letter to itself.

Firmus’ collapsed IPO has spread from financial markets to becoming a national story in Australia. Now it’s found itself at the centre of global investor fears on the strength of the AI industry. Meanwhile, the Joint Select Committee on AI’s copyright recommendations to the Prime Minister appear to have been edited by the PM’s own office, prompting Senator David Pocock to question the committee’s independence. We discuss: Firmus’ failed IPO and the contagion hitting CoreWeave’s bonds overnight The “tall poppy syndrome” debate and Oliver Curtis’ Singapore comments to The Australian Why valuation is what actually killed the Firmus float Day One’s IPO filing, worker fatality disclosures, and the execution risk haunting data centre builders globally What Firmus’ collapse means for the ASX’s thin IPO pipeline The Joint Select Committee’s AI letter to the Prime Minister’s office and claims it was edited before being sent David Pocock’s concerns about the committee’s independence and the government’s rush on copyright reform How Pocock is setting the Senate agenda despite losing his balance-of-power vote On The Call is a weekly live conversation with the Capital Brief newsroom on the stories driving the agenda in Australia’s centres of power. Host Harshdeep Kaur sits down with Capital Brief’s best journalists to dissect what we’re watching and why it matters, and answer questions from our subscribers live. Subscribe to join our weekly live discussion on Thursdays at 12pm AEDT: https://www.capitalbrief.com/on-the-call/ Sign up to our free weekly newsletter, The Edition: https://www.capitalbrief.com/newsletters/the-edition/