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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 "largest" AI computer deployment.

The $1 billion project, called Colosseum, will be developed over five years using Nvidia (NASDAQ: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 "key milestone" in reshaping Italy's economic and technological future.

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A Billion-Dollar Colosseum Of Code in Italy

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.

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A Strategic Pivot Toward AI Dominance

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.