iGenius and Nvidia Join Forces for $1 Billion Data Centre Project in Italy

Modern data centre in Italy with advanced technology elements. Modern data centre in Italy with advanced technology elements.

Italian AI startup iGenius is set to complete a groundbreaking $1 billion data centre project in southern Italy by summer 2025, leveraging cutting-edge Nvidia technology. This ambitious initiative aims to enhance computational capabilities significantly, positioning iGenius as a key player in the European AI landscape.

Key Takeaways

  • iGenius plans to finish a $1 billion data centre project by summer 2025.
  • The project will utilize Nvidia’s advanced technology, including the new Blackwell chips.
  • The data centre will feature a supercomputer capable of executing 115 billion calculations per second.
  • iGenius is focusing on highly regulated industries with its new AI language model, Colosseum 355B.

Project Overview

The data centre project, which requires a five-year investment, is expected to revolutionize the computational power available in Europe. CEO Uljan Sharka highlighted that the new supercomputer will perform calculations at a staggering rate, far surpassing the capabilities of existing European supercomputers.

The project will house approximately 80 of Nvidia’s GB200 NVL72 servers, each equipped with 72 Blackwell chips. This setup promises to deliver 35 times more computing power while consuming 25 times less energy than previous models.

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Strategic Location

iGenius has strategically chosen southern Italy for the data centre due to its surplus of renewable energy resources. This decision aligns with the growing demand for sustainable energy solutions in technology infrastructure, making it an attractive location for future investments.

Funding and Investment

The scale of the project has led iGenius to extend its funding round, increasing its initial target from 650 million euros to accommodate the $1 billion investment. This move underscores the startup’s commitment to establishing a robust technological foundation in Italy.

Launch of Colosseum 355B

In conjunction with the data centre project, iGenius has launched Colosseum 355B, a large language model designed for clients in highly regulated sectors. This model aims to address the stringent data protection requirements faced by industries such as finance and government.

Unlike competitors like OpenAI, iGenius focuses on developing open-source AI software that clients can run on their own infrastructure, ensuring data remains in-house. This approach is particularly appealing to organizations with strict compliance needs.

Future Prospects

The investment in Italy’s data centres is part of a broader trend, with projections indicating that investments will double to 10 billion euros in the 2025-2026 period. Major technology firms are increasingly looking to enhance their cloud capabilities to meet the surging demand driven by AI advancements.

As iGenius continues to innovate and expand its offerings, it is poised to play a pivotal role in shaping the future of AI technology in Europe, particularly in sectors that require high levels of data security and compliance. The collaboration with Nvidia not only enhances its technological capabilities but also positions iGenius as a leader in the rapidly evolving AI landscape.

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