He declined to divulge valuation, but sources say San Sebastian-based Multiverse is now valued at over $500 million, which would be 'a 5x jump' from its $108 million valuation following its Series A round in March 2024. In total, it has raised about $250 million since its 2019 inception. Multiverse Computing was initially founded to develop quantum computing solutions for complex, real-world problems in finance, energy and manufacturing. In 2023, it discovered its quantum expertise could be applied to the artificial intelligence sector. So the company developed CompactifAI, its proprietary AI compressor. 'Currently, cost and performance are seen as tradeoffs in AI. Bigger models are more powerful but more expensive to run; smaller models are cheaper but the results are less precise,' said Olmos. 'CompactifAI overturns this dilemma because it's able to shrink a large language model without compromising on performance ' making it more energy-efficient, affordable and viable for edge...
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