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UAE’s G42 to Build Europe’s Largest AI Supercomputer in Italy with iGenius

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G42, a leading tech firm from the United Arab Emirates, has signed an agreement with Italian AI startup iGenius to develop a $1 billion AI supercomputer project in southern Italy, the companies announced Friday. The initiative, named “Colosseum”, aims to become Europe’s largest AI computer deployment and is part of a $40 billion UAE–Italy investment framework revealed earlier this year.

Project Overview:

  • Location: Likely in Apulia, a southeastern Italian region, according to Industry Minister Adolfo Urso.

  • Timeline: 5 years

  • Total Investment: $1 billion

  • Technology Partner: Nvidia, which will supply the hardware for AI acceleration

  • Backers:

    • G42 (main financier)

    • Mubadala, Abu Dhabi’s sovereign wealth fund

    • Silver Lake, a U.S. private equity firm with a stake in G42

“The agreement will establish an AI hub in Italy,” said Minister Urso during the Investopia conference in Milan.

Strategic Significance:

  • The project follows the UAE’s pledge in February to channel $40 billion into the Italian economy, a deal disclosed during a UAE–Italy bilateral summit attended by Prime Minister Giorgia Meloni.

  • For G42, which is also developing the world’s largest AI campus in the UAE, Colosseum reinforces its role in global AI infrastructure deployment.

  • For Italy, the deal boosts its AI research and high-performance computing capacity, potentially positioning the country as a new European AI innovation hub.

Broader Context:

  • The UAE is rapidly expanding its global AI footprint, also finalizing deals with the U.S. and Saudi Arabia to import Nvidia chips and build next-gen data centers.

  • This project will serve as a strategic bridge between Europe and the Middle East in the AI arms race, especially amid tightened export restrictions and geopolitical realignment in the tech sector.