AI Startup iGenius Taps Nvidia For AI Data Center In Italy Leveraging Blackwell Chips

Benzinga12-06

On Thursday, Italian startup iGenius announced partnering with Nvidia Corp (NASDAQ:NVDA) to build a massive data center in southern Italy by mid-2025. The center will feature close to 80 of Nvidia’s ...

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The center will feature close to 80 of Nvidia’s ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ai-startup-igenius-taps-nvidia-120808233.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868836757.USD","symbol_name":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/ai-startup-igenius-taps-nvidia-120808233.html","article_id":"2489280217","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/c6zRmnW9tUNS6GKwDhFYNQ--~B/aD01NTM7dz05ODM7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/2da6d026db118d3ab3777427f200f046"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489280217","pubTimestamp":1733486888,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"On Thursday, Italian startup iGenius announced partnering with Nvidia Corp  to build a massive data center in southern Italy by mid-2025. 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The center will feature close to 80 of Nvidia’s advanced servers.\niGenius aims to develop open-source AI solutions for secure industries, including financial services, healthcare, and the public sector, leveraging Nvidia’s software tools.\nAlso Read: Nvidia Partners With Vietnam Government To Develop Advanced AI And More\niGenius is building a data center to accommodate 80 of Nvidia’s most powerful servers, called GB200 NVL72 machines, each with 72 of Nvidia’s Blackwell chips in them, Reuters reports.\niGenius CEO Uljan Sharka told Reuters that the European AI startup, valued at over $1 billion, has raised 650 million euros so far in 2024 and is taking on additional capital for the AI computing system, “Colosseum.”\nThe iGenius Colosseum supercomputer features Nvidia DGX GB200 systems containing thousands of Nvidia Grace Blackwell Superchips.\niGenius will use the Colosseum supercomputer to build advanced AI applications, including training open-source generative AI and trillion-plus-parameter large language models.\nThe Colosseum will be located in Europe and features liquid cooling.\nIt will likely deliver 115 exaflops of computational performance, powered by renewable energy from Italy.\nColosseum will collaborate with Nvidia to develop AI models to support financial consulting, patient services, and government planning.\nBuilt with the Nvidia AI Enterprise software platform, Nvidia Nemotron models, and the Nvidia NeMo framework, the iGenius AI models will be offered as Nvidia NIM microservices.\niGenius plans to offer customers the option to deploy the models and microservices as fully managed applications, including cloud-based or on-premises Nvidia accelerated computing.\nBlackwell chips are Nvidia’s most eagerly awaited graphics processing units (GPUs). Oppenheimer analyst Rick Schafer projected several billion dollars in revenue from Blackwell for the January quarter.\nSchafer flagged investors modeling 5 million—6 million Blackwell GPUs in 2025.\nReportedly, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is weighing production of the front-end process of Blackwell chips at its Arizona plant.\nNvidia stock is up over 201% year-to-date due to the AI frenzy. Investors can gain exposure to the stock through VanEck Semiconductor ETF (NASDAQ:SMH) and Grizzle Growth ETF (NYSE:DARP).\nPrice Actions: NVDA stock closed lower by 0.26% at $144.64 premarket at the last check on Friday.\nAlso Read:\n\nAmazon Takes On Nvidia With Cheaper AI Supercomputers, Servers\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nNVIDIA (NVDA): Free Stock Analysis Report\n\nThis article AI Startup iGenius Taps Nvidia For AI Data Center In Italy Leveraging Blackwell Chips originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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