AI data centre operator Firmus pulls huge ASX float

How much of a

boom is there and how much money is there to be made in AI data centres? I mean, there is a tremendous need for them, isn't there? Because the big companies like Meta and the rest are spending enormous amounts of money on this and they want to get it all up very quickly.

So there is money to be made, isn't there? It is a legitimate business.

It is.

I mean, there is money being made in artificial intelligence right now.

Anyone who pays for a ChatGPT or Claude subscription or their employer pays for one for them would know that there is real money there.

I think at the moment the best estimates put it at about $150 billion-odd of global spending on AI uses like ChatGPT and like Claude.

There's real money there.

Who... $150 billion of

spending, but there's $3 trillion.

I don't even understand what the relationship is.

There's a hell of a lot more.

That's like 20 times as much, isn't it? Or maybe it's 200.

It is.

But that's the capital expenditure that's being put in to try and earn that money.

I mean, that is phenomenal.

That's right.

That's right.

But the revenue side...

the subscription revenue is also growing tremendously quickly too.

You have to put an investment in place now, hopefully for the returns to come down the line.

I mean, three years ago, that $150 billion of money we spend now on Chachiputi and Claude was basically zero.

So that's grown very fast.

And if we expect that to continue to grow, well, some of that investment right now can make sense, does make sense.

You've