Australia’s Megaport secured four AI infrastructure contracts worth A$458.9M and is raising A$827.3M to build a globally distributed AI inference cloud.

Bank of America and UBS are mandated on the mooted cash call, which is expected to be structured as an institutional placement.

June 3 : Australia's Megaport said on Wednesday it has secured four new AI infrastructure contracts worth A$458.9 million and will raise A$827.3 million ($594 million) to build an…