Published by Global Banking and Finance Review
Posted on January 16, 2025
MILAN (Reuters) - Italian startup iGenius said on Thursday it was releasing Colosseum 355B, a large language model built with the latest Nvidia technology for customers in highly regulated industries with special data protection needs.
Tight legislation and compliance requirements hamper the use of artificial intelligence (AI) technology in regulated industries.
CEO Uljan Sharka told Reuters that iGenius was already in contact with potential users in the financial services sector as well as heavy industry companies and governments.
Sharka flew to Brussels on Thursday to present the new model to the European Commission.
(Reporting by Elvira Pollina and Valentina Za, editing by Gianluca Semeraro)
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