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Sharon AI Plans ASX Listing After $2.3bn Raise

The Australian

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Description

The Sydney-based AI company has raised $2.3bn in an oversubscribed funding round to build one of Australia’s biggest AI factories and pursue an ASX listing.

Summary

Sydney-based Sharon AI has secured $2.3 billion in funding to develop one of Australia's largest 'AI factories,' focusing on high-performance compute infrastructure. This massive scale-up represents a significant advancement in domestic frontier AI hardware capabilities and sovereign compute power. While the article highlights economic and industrial growth, such large-scale infrastructure projects are foundational to the training and deployment of increasingly powerful models that require governance and safety oversight. The development underscores Australia's growing role in the global AI supply chain and the necessity for robust safety frameworks as local compute capacity expands.

Body

Sharon AI plans ASX listing after $2.3bn raiseThe Sydney-based AI company has raised $2.3bn in an oversubscribed funding round to build one of Australia’s biggest AI factories and pursue an ASX listing. EOFY Sale Now On Unlock a year of stories and more at a great price Digital Access What’s included Unlimited access on app & web A digital version of Today’s Paper Daily puzzles & Mind Games Complimentary access to The Wall Street Journal Subscriber-exclusive newsletters & early access to tomorrow’s front pages Pay As You Go No lock-in contract $1 a week for 8 weeks($4 min. cost). Then $44 charged every 4 weeks* *Read the fine print The Australian Digital subscription costs $4 charged every 4 weeks for a duration of 8 weeks, after which it automatically renews at $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. LIMITED TIME ONLY EOFY Offer Less than $1 a day for your first year $6 a week for the first 12 months($24 min. cost). Then $44 charged every 4 weeks.* *Read the fine print The Australian Digital subscription costs $24 (min. cost) charged every 4 weeks for a duration of 52 weeks, after which it automatically renews at $44 charged every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.theaustralian.com.au/subscriptionterms for full details. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.