June 26, 2026

Domyn plans open-source frontier AI model launch within a year

Italy’s Domyn, formerly known as iGenius, plans to launch a fully open-source frontier AI model within a year, as announced by CEO Uljan Sharka. This initiative is part of a broader European effort to establish local alternatives to foreign AI systems, particularly in light of restrictions on U.S. models such as those by Anthropic and concerns regarding Chinese firms like DeepSeek and Alibaba’s Qwen dominating the open-source landscape. Domyn, selected for the European Commission’s Frontier AI Grand Challenge, aims to develop a system with over 400 billion parameters that can be run locally at no cost, leveraging Europe’s public supercomputing infrastructure, EuroHPC, deemed crucial for training such advanced models without the resource overhead of global service demands.

BNY: BNY is a global financial services company offering banking, investment and technology solutions. It backs Domyn through its investor network. This support connects Domyn’s AI efforts with applications in finance and enterprise environments.
G42: G42 is a technology and AI-focused company based in Abu Dhabi. It provides strategic investment and backing to Domyn. This support bolsters Domyn’s capacity to pursue large-scale open-source AI projects with European institutional partners.
Domyn: Domyn is an Italian AI company headquartered in Milan that develops specialized models for regulated industries including finance, government and heavy industry. It is advancing a fully open-source frontier AI model through the EUROPA consortium under the European Commission’s Frontier AI Grand Challenge to strengthen European technological sovereignty. The company, previously known as iGenius, is positioned alongside other regional players such as Mistral and OVHcloud in the continent’s AI ecosystem.
Alibaba: Alibaba is a Chinese multinational technology conglomerate with significant interests in cloud computing and AI. Its Qwen models are highlighted among leading open-source systems. This positions Alibaba within the competitive landscape that Domyn seeks to address through its European-focused development.
OVHcloud: OVHcloud is a European provider of cloud computing and hosting services with operations across the continent. It is recognized as an emerging participant in the European AI space alongside Domyn and Mistral. The company contributes to discussions on accessible infrastructure that lowers barriers for new model builders.
Rabobank: Rabobank is a Dutch cooperative bank operating internationally with a focus on sustainable and technology-driven initiatives. It invests in Domyn as part of its portfolio. The backing aids Domyn’s work on AI solutions for industry and government.
Uljan Sharka: Uljan Sharka serves as CEO of Domyn and leads its strategic initiatives in advanced AI development. He recently announced the timeline for releasing a reproducible open-source frontier model and emphasized collaboration with European governments for data access as well as utilization of the EuroHPC supercomputing network. Sharka has underscored the advantages of Europe’s existing infrastructure for training large models locally.
Eurizon Capital: Eurizon Capital is a major Italian asset management firm. It participates as an investor in Domyn. Its involvement aligns with financing European AI innovation in regulated sectors.
Fraunhofer-Gesellschaft: Fraunhofer-Gesellschaft is Germany’s prominent applied research organization with expertise across multiple scientific domains. It partners with Domyn in the EUROPA consortium selected for the European Commission’s Frontier AI Grand Challenge. The collaboration supports development of high-capability open-source AI systems tailored for European needs.

`json
{
“Infrastructure Focus”: “Europe’s public supercomputing resources are considered a strategic asset for training advanced AI models without needing to serve widespread global user bases.”,
“European AI Initiative”: “The European Commission is fostering local AI capabilities via programs like the Frontier AI Grand Challenge.”,
“Open Source Competition”: “Chinese companies dominate the open-source AI landscape while many U.S. systems remain proprietary and available only through remote access.”
}
`

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