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


FILE PHOTO: Artificial Intelligence words are seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

MILAN (Reuters) - 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.

CEO Uljan Sharka told Reuters the cost of the project had prompted the start-up to extend a funding round from an initial target of 650 million euros.

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