The data centre debate gets real: Goodman's setback and Firmus' nearing IPO.

Goodman Group has abandoned its $1.2 billion Lane Cove data centre after a fierce community and political backlash, raising questions on if Australia's AI infrastructure boom is hitting its first real  bump. Meanwhile, Firmus confirms its long-rumoured deal with Meta — worth up to USD750 million in annual earnings. Plus Wall Street heavyweight Millennium emerges as a surprise appearance at Firmus’ IPO presentation, as the hedge fund expands its Australian presence. We discuss: Why Goodman Group pulled the plug on its Project Mars data centre Whether Lane Cove is a one-off or the first sign of deeper distaste towards data centres among Australians The role of red tape and bureaucratic hurdles in Goodman’s withdrawal. Firmus' confirmed Meta deal and what it means for its ASX debut The bull and bear case for Firmus' massive ASX listing Why Millennium, one of Wall Street's most secretive hedge funds, is building a presence in Sydney Which Australian stocks Millennium has already bet on 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 AEST: https://www.capitalbrief.com/on-the-call/ Sign up to our free weekly newsletter, The Edition: https://www.capitalbrief.com/newsletters/the-edition/