iGenius and Nvidia Join Forces to Build Massive AI Supercomputer 'Colosseum' in Italy

iGenius and Nvidia to Build AI Supercomputer for Highly Regulated Sectors

Nvidia DGX SuperPOD with Grace Blackwell Superchips accelerates AI applications Italian startup iGenius unveiled the Colosseum supercomputer on December 5, which the company claims is one of the world's largest Nvidia DGX SuperPOD systems. It is designed to support the deployment of advanced AI models for highly regulated sectors like financial services, healthcare, and public sector customers worldwide. Powered by Nvidia Grace Blackwell Superchips, Colosseum offers 115 exaflops of computational power (115,000,000,000,000,000,000 operations per second) and utilises renewable energy sourced from Italy. Also Read: Wipro, SIAM.AI, and Nvidia Team Up to Build AI-Powered Tourism Assistant for Thailand iGenius will use the Colosseum supercomputer to build advanced AI applications, including training open-source generative AI and trillion-plus-parameter large language models. Colosseum will be located in Europe and features liquid cooling. Built 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. iGenius plans to offer customers the option to deploy the models and microservices as fully managed applications that can include cloud-based or on-premises Nvidia accelerated computing to meet industry and government regulations for AI. In addition to advancing the research and development of iGenius models for highly regulated industries, Colosseum will serve as a collaboration hub, connecting enterprises, academic institutions, and policymakers to help ensure equitable access to AI technologies. "We designed this supercomputer for unicorn use cases that can deliver USD 1B+ in value. Combining our expertise with Nvidia accelerated computing and software helps unlock transformative opportunities to solve extraordinary, once-unsolvable challenges in finance, healthcare and government to serve customers worldwide," said Uljan Sharka, CEO of iGenius. "AI is the most transformative technology of our time and Nvidia computing and software provides the platform for nations and enterprises to prepare for this monumental shift". "The iGenius Colosseum Nvidia DGX SuperPOD with Grace Blackwell Superchips serves an AI factory that will accelerate the development and deployment of AI applications that meet regulatory requirements and align with local languages and culture," said Charlie Boyle, vice president of DGX platforms, Nvidia. Also Read: Nvidia to Open Research and Development Center in Vietnam to Boost AI Development According to the company, Colosseum addresses the growing computational demands of artificial intelligence with 25 times greater energy efficiency than previous-generation Nvidia computing platforms. Built on the Nvidia DGX accelerated computing platform, Colosseum is designed to integrate with iGenius' specialised AI models, including its GPT for Numbers, a proprietary AI architecture designed to minimise hallucinations in support of mission-critical use cases that involve financial data, customer information and intellectual property. Among the first to adopt iGenius models are financial asset and wealth management companies, including F100 global financial institutions, the company noted. "Sovereign AI infrastructure is a key pillar of AI-driven transformation, and Colosseum is expected to pave the way for transparent AI development, helping enable sovereign AI deployments," the company said. According to Reuters, 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. iGenius develops open-source AI models for chatbots, which it sells to banks, healthcare firms, and other industries with strict data security rules, who run the models on their own infrastructure.

Italian startup iGenius and Nvidia to build major AI system

(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. (Reporting by Stephen Nellis in San Francisco; Editing by Tom Hogue)

AI Startup iGenius Building Supercomputer for Financial Services | PYMNTS.com

Artificial intelligence (AI) startup iGenius said it is building one of the world's largest Nvidia DGX AI supercomputers with Nvidia Grace Blackwell superchips and will use it to deploy AI models for financial services, healthcare and public sector customers around the world. The supercomputer, dubbed iGenius Colosseum, will be located in Europe and is expected to deliver 115 exaflops of computational performance, the company said in a Thursday (Dec. 5) press release. "We designed this supercomputer for unicorn use cases that can deliver $1B+ in value," iGenius CEO Uljan Sharka said in the release. "Combining our expertise with Nvidia accelerated computing and software helps unlock transformative opportunities to solve extraordinary, once-unsolvable challenges in finance, healthcare and government to serve customers worldwide." Colosseum will be used to build AI applications, including training open-source generative AI and trillion-plus-parameter large language models (LLMs), according to the release. The supercomputer will support the next phase of iGenius' collaboration with Nvidia to develop AI models with the data security, reliability and accuracy required for financial consulting, patient services and government planning, the release said. It will also support equitable access to AI technologies by connecting enterprises, academic institutions and policymakers, per the release. "The iGenius Colosseum Nvidia DGX SuperPOD with Grace Blackwell Superchips serves an AI factory that will accelerate the development and deployment of AI applications that meet regulatory requirements and align with local languages and culture," Charlie Boyle, vice president of DGX platform at Nvidia, said in the release. It was reported in June that Sharka said iGenius aimed to raise 650 million euros ($698 million), giving it a post-money valuation of 1.7 billion euros ($1.8 billion) and helping it compete with OpenAI and other generative AI firms. The startup offers an open-source AI model that is used by financial services companies and other businesses. Nvidia said in November that it saw 94% year-over-year revenue growth in the third quarter, with CEO Jensen Huang saying: "Many AI services are running 24/7, just like any factory. We're going to see this new type of system come online. And I call it [the company's data centers] an AI factory because that's really close to what it is."

AI Startup iGenius Taps Nvidia For AI Data Center In Italy Leveraging Blackwell Chips - NVIDIA (NASDAQ:NVDA)

On Thursday, Italian startup iGenius announced partnering with Nvidia Corp NVDA to build a massive data center in southern Italy by mid-2025. The center will feature close to 80 of Nvidia's advanced servers. iGenius aims to develop open-source AI solutions for secure industries, including financial services, healthcare, and the public sector, leveraging Nvidia's software tools. Also Read: Nvidia Partners With Vietnam Government To Develop Advanced AI And More iGenius 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. iGenius 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." The iGenius Colosseum supercomputer features Nvidia DGX GB200 systems containing thousands of Nvidia Grace Blackwell Superchips. iGenius will use the Colosseum supercomputer to build advanced AI applications, including training open-source generative AI and trillion-plus-parameter large language models. The Colosseum will be located in Europe and features liquid cooling. It will likely deliver 115 exaflops of computational performance, powered by renewable energy from Italy. Colosseum will collaborate with Nvidia to develop AI models to support financial consulting, patient services, and government planning. Built 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. iGenius 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. Blackwell 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. Schafer flagged investors modeling 5 million -- 6 million Blackwell GPUs in 2025. Reportedly, Taiwan Semiconductor Manufacturing Co TSM is weighing production of the front-end process of Blackwell chips at its Arizona plant. Nvidia stock is up over 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 lower by 0.26% at $144.64 premarket at the last check on Friday. Also Read: Amazon Takes On Nvidia With Cheaper AI Supercomputers, Servers Market News and Data brought to you by Benzinga APIs