Technology
Italian Startup iGenius and Nvidia to Build Major AI System
Published by Jessica Weisman-Pitts
Posted on December 5, 2024
2 min readLast updated: January 28, 2026
Add as preferred source on Google
Global Banking & Finance Review®
Company
Published by Jessica Weisman-Pitts
Posted on December 5, 2024
2 min readLast updated: January 28, 2026
Add as preferred source on GoogleBy Stephen Nellis
(Reuters) – Italian startup iGenius and Nvidia on Thursday said they are planning to bring online one of the world’s biggest deployments of Nvidia’s newest servers by the middle of next year in a data center in southern Italy.
iGenius is building a data center that will house about 80 of Nvidia’s most powerful servers, called GB200 NVL72 machines, each with 72 of the tech company’s “Blackwell” chips in them.
The startup did not give a price tag for the project. But Chief Executive Uljan Sharka told Reuters that iGenius, one of the few AI startups in Europe valued at more than $1 billion, had raised 650 million euros so far this year and is taking on additional capital for the AI computing system, which will be called “Colosseum”.
iGenius differs from rivals such as OpenAI in that it develops open source AI software models for chatbots it sells to banks, healthcare firms and other industries with strict data security rules, who run the models on their own infrastructure.
For Colosseum, iGenius has also tapped into Nvidia’s full array of software tools, including one introduced this year called Nvidia NIMS that functions almost like an app store for AI models. That means the AI models iGenius hopes to develop with Colosseum – some of which could be as large as 1 trillion parameters according to one measure of AI sophistication – can easily be distributed to any business that uses Nvidia chips.
“With a click of a button, they can now pull it from the Nvidia catalog and implement it into their application,” Sharka said.
Colosseum will be one of the largest deployments of Nvidia’s flagship servers in the world, Charlie Boyle, vice president and general manager of DGX systems at Nvidia, told Reuters.
Multiple Nvidia software and hardware teams are working directly with iGenius to bring the system online, he said.
“They’re really building something unique here.”
(Reporting by Stephen Nellis in San Francisco; Editing by Tom Hogue)
Artificial intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn. AI can perform tasks such as problem-solving, understanding language, and recognizing patterns.
A data center is a facility that houses computer systems and associated components, such as telecommunications and storage systems. It is used to store, manage, and disseminate data.
Open source software is software that is released with a license that allows users to view, modify, and distribute the source code. It promotes collaborative development and sharing.
A server is a computer or system that provides data, resources, or services to other computers, known as clients, over a network. Servers can host websites, applications, and databases.
Venture capital is a form of private equity financing that is provided to early-stage, high-potential startups in exchange for equity, or ownership stake, in the company.
Explore more articles in the Technology category
