Australia's Macquarie to buy 15% in Applied Digital's computing business

Australia's Macquarie to buy 15% in Applied Digital's computing business

FILE PHOTO: A man walks into the Macquarie Bank in the Sydney Central Business District, in Sydney, Australia, May 14, 2024. REUTERS/Jaimi Joy/File Photo

Australia’s Macquarie on Tuesday agreed to take a 15% stake in Applied Digital’s high-performance computing business and invest up to $5 billion in the company’s artificial intelligence data centers amid booming AI demand.

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