Spain's Multiverse raises $217 million for compressing AI models - The Economic Times
The company said it has developed a compression technology capable of reducing the size of large language models (LLMs) by up to 95% without hurting performance and reducing costs by up to 80%.
It combines ideas from quantum physics and machine learning in ways that mimic quantum systems but doesn't need a quantum computer.
The latest funding round makes Multiverse the largest Spanish AI startup, joining the list of top European AI startups such as Mistral, Aleph Alpha, Synthesia, Poolside and Owkin.
Multiverse has launched compressed versions of LLMs such as Meta's Llama, China's DeepSeek and France's Mistral, with additional models coming soon, the company said.
"We are focused just on compressing the most used open-source LLMs, the ones that the companies are already using," Chief Executive Officer Enrique Lizaso Olmos said.
"When you go to a corporation, most of them are using the Llama family of models."
The tool is also available on Amazon Web Services AI marketplace.
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