newsycanuse

Italy Gives €211 Million to Data Center Tech Firm 2D Photonics

Gives

Article content

(Bloomberg) — Italy awarded a €211 million ($249 million) grant to a company seeking to speed up processing at artificial intelligence data centers as part of a bid to support local startups.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world’s leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

2D Photonics Group’s Camgraphic subsidiary will use the funds to develop graphene-based photonics technology, the company said in a statement on Wednesday. 2D Photonics also committed to build a pilot manufacturing plant near Milan, where it will seek to move graphene photonics from the research phase to actual production. The company didn’t provide further details on the conditions of the grant.

Article content

Article content

Article content

Silicon photonics uses light to transmit data and has the potential to be faster and more power-efficient than older copper-based connections in data centers. 2D Photonics is betting that incorporating graphene will improve energy efficiency and bandwidth, helping reduce the huge amount of electricity consumed when training AI.

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

Companies selling technology that can optimize data center performance are seeing surging demand from large US tech companies, which are spending hundreds of billions this year to build out infrastructure for AI. Lumentum Holdings Inc., which makes devices that enable high-speed data transmission, said last week that its order books are full through 2028. Lumentum and rival Coherent Corp. received $2 billion each in investment from Nvidia Corp. last month. 

Article content

“This investment goes straight to the heart of what’s limiting AI today,” 2D Photonics Chief Executive Officer Ben Jensen said. “Compute keeps getting faster, but data movement hasn’t kept pace. Graphene-based optical technology offers a way to move vastly more data using far less power.” 

Article content

The grant was cleared by the European Commission and is considered state aid, the company said. The Italian grant will be among the largest public investments in an Italian deep-tech startup, it said. 

Article content

2D Photonics investors include CDP Venture Capital, the NATO Innovation Fund, Join Capital, Sony Innovation Fund and Bosch Ventures.

Article content

Bloomberg News
Read More

Latest

Embracer

Embracer Will Spin-Off ‘Fellowship Entertainment’ Into Its Own Company

0
"this approach represents the most effective long-term solution" by Ollie Reynolds 40 mins ago Image: Amazon Game Studios Embracer has announced its intention to spin-off Fellowship Entertainment into its own company in 2027. In the press release, founder Lars Wingefors states that the approach "represents the most effective long-term solution" for Embracer, with the intention
Draft

2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly

0
2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly Name: Mikey D’Amato Position: LB College: Cal Poly Height: 6′ 0″ Weight: 235 lbs X: @mikeydamato2 Instagram: @mikey_damato_ What made you decide you wanted to be a football player? It’s kind of in my blood, my pops he actually played in the NFL so honestly
Technology

These Types Of Vehicles Typically Depreciate Faster Than Others

0
Every gearhead has been in this situation. You're surfing through eBay Motors or Facebook Marketplace looking for cars, either just for fun or because you want a new project, and you see it: a European luxury car like a Mercedes S-Class, a BMW 7 Series, or something wild like a Maserati. The price is really
Inside

Roundtables: Inside the Musk v. Altman Trial

0
Watch subscriber-only discussion going behind the scenes of the trial and the implications for the AI race. Available only for MIT Alumni and subscribers. Listen to the session or watch below Elon Musk lost his suit against OpenAI, in which he alleged CEO Sam Altman and President Greg Brockman had deceived him over the company’s

Newsletter

Don't miss

Embracer

Embracer Will Spin-Off ‘Fellowship Entertainment’ Into Its Own Company

0
"this approach represents the most effective long-term solution" by Ollie Reynolds 40 mins ago Image: Amazon Game Studios Embracer has announced its intention to spin-off Fellowship Entertainment into its own company in 2027. In the press release, founder Lars Wingefors states that the approach "represents the most effective long-term solution" for Embracer, with the intention
Draft

2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly

0
2027 NFL Draft Prospect Interview: Mikey D’Amato, LB, Cal Poly Name: Mikey D’Amato Position: LB College: Cal Poly Height: 6′ 0″ Weight: 235 lbs X: @mikeydamato2 Instagram: @mikey_damato_ What made you decide you wanted to be a football player? It’s kind of in my blood, my pops he actually played in the NFL so honestly
Technology

These Types Of Vehicles Typically Depreciate Faster Than Others

0
Every gearhead has been in this situation. You're surfing through eBay Motors or Facebook Marketplace looking for cars, either just for fun or because you want a new project, and you see it: a European luxury car like a Mercedes S-Class, a BMW 7 Series, or something wild like a Maserati. The price is really
Inside

Roundtables: Inside the Musk v. Altman Trial

0
Watch subscriber-only discussion going behind the scenes of the trial and the implications for the AI race. Available only for MIT Alumni and subscribers. Listen to the session or watch below Elon Musk lost his suit against OpenAI, in which he alleged CEO Sam Altman and President Greg Brockman had deceived him over the company’s
Interview

Interview: How Volvo built software for a two-and-a-half-tonne moving object

0
Anders Bell points to his grey hair and laughs. “Three years ago, it was still blond and curly,” says Volvo’s chief engineering and technology officer. The remark is more than self-deprecating. It captures what Volvo has been through: five years of building a software-defined vehicle (SDV) from scratch, as a traditional carmaker, with no blueprint
newsycanusehttps://newsycanuse.com

Tesla’s Business Has Become Much More Diversified in Just the Past Five Years. Does That Make Its Stock a Better Buy Today?

Key Points Tesla's energy generation and storage segment generated 27% revenue growth last year. The company's non-automotive segments were able to help offset a double-digit decline in auto revenue in 2025. These 10 stocks could mint the next wave of millionaires › Tesla (NASDAQ: TSLA) is known for its electric vehicles (EVs), and while they
Read more

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western
Read more

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand
Read more