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October 2, 2025

Italy’s answer to OpenAI eyes €1bn fundraise

Milan-based Domyn is targeting LLMs for defence and AI gigafactory builds

An Italian LLM-maker and AI gigafactory builder is eyeing a €1bn raise over the next six months, as it looks to tap into the investor funding frenzy and growing calls in Europe to ramp up compute capacity. 

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Kai Nicol-Schwarz

Kai Nicol-Schwarz was a senior reporter at Sifted. He covered AI and UK tech.

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