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Milan’s Domyn raises over $1bn Europe’s largest AI round, mostly in debt

The Next Web
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Domyn, a Milan-based AI company, raised over $1 billion primarily through debt to build Colosseum, a supercomputer with 115 exaflops capacity, targeting trillion-parameter AI models. The company aims to enable regulated industries to own AI models rather than rent access, with plans to invest $10 billion over three years and reach €1 billion in revenue.

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