<ul data-eligibleForWebStory="true"><li>Spanish AI firm Multiverse Computing has raised 189 million euros ($217 million) to compress AI language models.</li><li>The company has a compression technology that can reduce the size of large language models by up to 95% without performance loss and cost reduction of up to 80%.</li><li>Multiverse's approach combines quantum physics and machine learning concepts, mimicking quantum systems without the need for a quantum computer.</li><li>This funding round makes Multiverse the largest Spanish AI startup, aligning with top European AI startups like Mistral, Aleph Alpha, Synthesia, Poolside, and Owkin.</li><li>Multiverse has already launched compressed versions of popular LLMs like Meta's Llama, China's DeepSeek, and France's Mistral, with more models planned.</li><li>CEO Enrique Lizaso Olmos stated their focus is on compressing widely-used open-source LLMs.</li><li>The compression tool is also accessible on the Amazon Web Services AI marketplace.</li></ul>

Spain's Multiverse raises $217 million for compressing AI models

Discover more