#215m

[TECH AND FINANCIAL] On Thursday, Spanish startup Multiverse Computing announced that it raised an enormous Series B round of €189 million (about $215 million) on the strength of a technology it calls “CompactifAI.” CompactifAI is a quantum-computing inspired compression technology that is capable of reducing the size of LLMs by up to 95% without impacting model performance, the company…

On Thursday, Spanish startup Multiverse Computing introduced that it raised an infinite Collection B spherical of €189 million (about $215 million) on the power of a know-how it calls “CompactifAI.” CompactifAI is a quantum-computing impressed compression know-how that’s able to lowering the scale of LLMs by as much as 95% with out impacting mannequin efficiency, the corporate says. Particularly,…