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iGenius expects to complete $1 billion data centre project with Nvidia in the summer

Channel News Asia LogoChannel News Asia9h ago

iGenius expects to complete $1 billion data centre project with Nvidia in the summer - Channel News Asia

Quick Summary:

MILAN : Italian AI startup iGenius aims to complete a major data centre project in the south of the country in the summer, using Nvidia technology and requiring a $1 billion investment spread over five years, its CEO said.

Founded in 2016, iGenius is one of the few AI startups in Europe valued at more than $1 billion.

He said until last year the best supercomputers in Europe could handle around "0.5 billion of billions" calculations per second.


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iGenius expects to complete $1 billion data centre project with Nvidia in the summer - Channel News Asia (Picture 1)iGenius expects to complete $1 billion data centre project with Nvidia in the summer - Channel News Asia (Picture 2)

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Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 20:30:34 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25196733

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Official Website: channelnewsasia.com

Update Frequency: 51 posts per day

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News Last Updated: 1 hours ago

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Publisher ID: #27

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