Thursday, the Italian startup iGenius announced a partnership with Nvidia Corp. NVDA build a massive data center in southern Italy by mid-2025. The center will include nearly 80 advanced servers from Nvidia.
iGenius aims to develop open source AI solutions for secure industries, including financial services, healthcare and the public sector, leveraging Nvidia’s software tools.
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iGenius is building a data center to house 80 of Nvidia’s most powerful servers, called GB200 NVL72 machines, each containing 72 of Nvidia’s Blackwell chips, Reuters reports.
CEO of iGenius Uljan Sharka told Reuters that the European AI startup, valued at more than $1 billion, has raised 650 million euros so far in 2024 and is taking additional capital for the AI computing system ” Colosseum.”
The iGenius Colosseum supercomputer is powered by Nvidia DGX GB200 systems containing thousands of Nvidia Grace Blackwell superchips.
iGenius will use the Colosseum supercomputer to create advanced AI applications, including training open source generative AI and large language models with more than a trillion parameters.
The Colosseum will be located in Europe and will have liquid cooling.
It will likely deliver 115 exaflops of computing performance, powered by Italian renewable energy.
Colosseum will collaborate with Nvidia to develop AI models to support financial advice, patient services and government planning.
Built with the Nvidia AI Enterprise software platform, Nvidia Nemotron templates, and the Nvidia NeMo framework, iGenius AI templates will be offered as Nvidia NIM microservices.
iGenius plans to offer customers the ability to deploy the models and microservices as fully managed applications, including cloud-based or on-premises Nvidia accelerated computing.
Blackwell chips are Nvidia’s most anticipated graphics processing units (GPUs). Oppenheimer analyst Rick Schafer forecasts several billion dollars in revenue from Blackwell for the January quarter.
Schafer reported to investors modeling 5-6 million Blackwell GPUs in 2025.
Apparently, Taiwan Semiconductor Manufacturing Company TSM is evaluating production of Blackwell’s initial chip process at its Arizona facility.
Nvidia stock is up more than 201% year to date due to the AI frenzy. Investors can gain exposure to the stock through VanEck Semiconductor ETF SMH And Grizzle Growth ETF DARP.
Price Actions: NVDA stock closed down 0.26% at $144.64 premarket at last check Friday.
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