<div id="readability-page-1"><div><div>Abu Dhabi-based tech firm Group 42 said Tuesday that it is partnering with Italian artificial intelligence startup iGenius to build what it calls Europe's &#34;largest&#34; AI computer deployment.The $1 billion project, called Colosseum, will be developed over five years using Nvidia NVDA technology, and is expected to transform Italy into a key hub for AI innovation, Reuters reports.The agreement is part of a broader $40 billion investment commitment from the United Arab Emirates to Italy, announced during a bilateral summit in February in Rome. Prime Minister Giorgia Meloni called the partnership a &#34;key milestone&#34; in reshaping Italy's economic and technological future.Don't Miss:<ul> <li>Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late.</li> <li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. 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EarnOS Proprietary earning software turns smartphones into EarnPhones.</div><div><img src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="460" height="460" original-src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/11/22162831/Elon.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA"/></div></div><div><div>Min. Investment: $1000 Share Price: $0.26 Valuation: $310M </div></div></div><h2>A Billion-Dollar Colosseum Of Code in Italy</h2>Colosseum, the name of the new data center, will be housed in southern Italy and aims to establish the region as a powerhouse for AI development. G42, backed by Abu Dhabi's sovereign wealth fund Mubadala and U.S. private equity giant Silver Lake, will lead financing for the initial buildout, Reuters reports.According to Reuters, Italian Industry Minister Adolfo Urso highlighted the project during Investopia's conference in Milan on May 16, pointing to “strong chances” that the facility will be located in the Apulia region. The supercomputer will rely on advanced Nvidia systems, which have become the gold standard for training large-scale language models and generative AI technologies, according to BigDataWire. Specifically, Colosseum will deploy approximately 80 of Nvidia’s GB200 NVL72 servers, each equipped with 72 Blackwell chips, Reuters says. With this infrastructure, Colosseum is expected to support everything from scientific research and healthcare applications to smart city planning and real-time industrial optimization.Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share.<h2>A Strategic Pivot Toward AI Dominance</h2>The AI initiative is one of over 40 new deals signed between the UAE and Italy as part of a comprehensive strategic partnership. The broader package includes collaborations in energy, defense, telecommunications, and cybersecurity, Reuters reports.Eni E, Italy's energy giant, signed parallel agreements with G42 and other UAE firms to power data centers using natural gas plants equipped with carbon capture technology. Meanwhile, Italian defense manufacturer Leonardo signed a follow-up deal with the UAE's EDGE Group focused on joint production and technology transfer, according to Reuters.Meloni emphasized that this realignment reflects Italy's focus on strategic sectors. Reuters says the prime minister called the UAE's financial commitment a “historic” opportunity to drive growth and reshape Italy's international role.“It is a historic day, another milestone in our relationship. The choice we made was to focus this partnership on strategic axes, such as artificial intelligence, data centers, space research, renewable energy, and rare earths,” Meloni said during the Italy-United Arab Emirates Business Forum, according to Reuters.<h2>Nvidia, Mubadala, And Silver Lake Signal Serious Stakes</h2>Support from Nvidia, Mubadala, and Silver Lake underscores the scale and strategic weight behind the Colosseum project. According to Reuters, Charlie Boyle, vice president and general manager of DGX systems at Nvidia, said Colosseum will be one of the largest deployments of Nvidia’s flagship servers globally.G42's links to Abu Dhabi's royal family and its growing role in the AI ecosystem reinforce the significance of the partnership, Reuters says. As Italy works to establish itself as a leading force in European AI, the Colosseum project could become a key asset in that strategic push.<ul> <li>Invest where it hurts — and help millions heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold.</li> <li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</li> </ul>Image: Shutterstock</div></div></div>

NVDA

Abu Dhabi-based Group 42 is partnering with Italian startup iGenius to develop Europe's largest AI supercomputer, named Colosseum, in Italy. The $1 billion project will utilize Nvidia technology and aims to position Italy as a key AI innovation hub. This initiative is part of a broader $40 billion investment from the UAE to Italy, focusing on strategic sectors like AI, energy, and defense. The Colosseum project will feature advanced Nvidia servers and is expected to support various applications, enhancing Italy's role in the European AI landscape.

- Abu Dhabi-based Group 42 is partnering with Italian startup iGenius to develop Europe's largest AI computer deployment, named Colosseum, with a $1 billion investment over five years.  
- This initiative is part of a broader $40 billion investment commitment from the UAE to Italy, aimed at transforming Italy into a key AI innovation hub.  
- The project will utilize advanced Nvidia technology and is expected to support various applications, enhancing Italy's strategic focus on AI and other sectors.  

Abu Dhabi–Backed G42 And iGenius Team Up To Build Europe's Most Powerful AI Supercomputer Using Nvidia Chips In Italy