On July 25th, it was reported that Sustainable Metal Cloud (SMC), a rising star in Singapore's data center industry, is raising approximately $950 million in funding, seeking to leverage the global artificial intelligence boom to stimulate the company's development. According to informed sources, this subsidiary of Firmus Technologies in Australia is finalizing a first round equity financing of approximately $400 million, in addition to a $550 million debt financing. SMC is also a partner of Nvidia.