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

Italian AI startup iGenius aims to complete a major data centre project in the south of the country in the summer, using Nvidia (NVDA.O), opens new tab 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.

Sharka said the project's new supercomputer will be able to execute "115 billion of billions" of calculations per second. He said until last year the best supercomputers in Europe could handle around "0.5 billion of billions" calculations per second.