Aug 3, 2026 – 4.18pmLocal investors have seen their share of ASX-aspirants talking up Nvidia partnerships – Firmus Technologies, Sharon AI and Centuria-backed ResetData. Now, it’s time to weigh the prospects of an AI business underpinned by the technology giant’s arch rival AMD.Street Talk can reveal OneQode, which pitches itself as a vertically integrated operator of sovereign artificial intelligence infrastructure, has mandated Shaw and Partners to find fresh capital to fund its growth. It is early days for the pre-initial public offering raising, but OneQode is said to be seeking about $50 million at a circa $250 million valuation.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?