Artificial intelligence (AI) data center startup iGenius is relying on Nvidia (NVDA) to power a massive data center being built in Italy. This new data center is set to launch in mid-2025 and will be powered by Nvidia’s Blackwell chips. The company intends to fill the data center, named Colosseum, with 80 of NVDA’s GB200 NVL72 machines.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
To put in perspective how massive that is, each of Nvidia’s GB200 NVL72 machines comes equipped with 72 Blackwell chips. This will make the facility one of the largest utilizing the Nvidia processors. It will also take advantage of Nvidia NIMS and other software tools created by the graphics card company. That will allow customers to download AI models created by iGenius through Nvidia’s platform.
iGenius vs. OpenAI
iGenius is similar to Microsoft-backed OpenAI (MSFT) in that both of them create AI chatbots. The biggest difference is how they do business. This has iGenius focusing on the selling of open-source AI models, as compared to OpenAI’s licensed models.
iGenius also has a long way to go if it wants to catch up to OpenAI. A recent estimate put the company’s value at roughly $1 billion. While this makes it one of the largest AI startups in Europe, it pales in comparison to OpenAI’s recent $157 billion valuation.
How to Invest in iGenius
iGenius is a private startup, meaning there’s no way for the average investor to take a stake in the company. Its current major investors are made up of private equity firms, which means traders can’t get exposure to it by holding stakes in them.
Instead, investors are better off focusing on AI stocks they can invest in. Microsoft, Meta Platforms (META), Alphabet (GOOGL), Micron (MU), Amazon (AMZN), Nvidia, Apple (AAPL), and C3ai (AI) are all examples of AI stocks with bullish ratings from analysts that traders might consider investing in to capitalize on the AI boom.
