CompactifAI Efficiency With Multiverse Partners With PINQ²
CompactifAI
A major strategic partnership has been announced between Multiverse Computing, a Spanish company that compresses artificial intelligence models, and PINQ2, the Platform for Digital and Quantum Innovation of Quebec. Local companies can use cutting-edge technology that is less energy-intensive and more efficient while keeping AI's strength and promise through this relationship. The partnership also marks Multiverse Computing's arrival into Quebec, a step towards establishing a long-term presence and expanding its North American uses.
This groundbreaking partnership relies on Multiverse Computing's CompactifAI compression technology, inspired by quantum principles and process reduction. This innovative model compressor reduces AI models, especially LLMs, in size. It uses tensor networks, a quantum system formulation method that can examine vast, complex data sets. Multiverse Computing is the leader in AI model compression.
CompactifAI excels at fulfilling modern AI resource needs. CompactifAI can shrink Meta's latest Llama 3.1 8B model. This LLM is usually processor-intensive. This massive cut cuts energy use by 50% and operating costs. Despite this advanced compression, AI models maintain accuracy and enhance inference performance by 1.8x.
CompactifAI can condense LLMs by up to 95% with only 2-3% accuracy loss, reducing computational needs and opening new AI applications in many industries. Compacted AI models are also more portable and take up less space on different devices.
The Quebec institution's relationship with PINQ2 can accelerate this innovative technology, offering many benefits in a secure and independent environment. Marie-Claude Messier, General Manager of PINQ2, said this agreement will “enable companies of all sizes to access advanced technologies in a sovereign, sustainable, and high-performance environment.” In addition to setting eco-friendly AI standards, which she called “important and significant aspects,” this relationship will boost innovation in Quebec across several fields.
Multiverse Computing, Europe's largest quantum software provider, is establishing a long-term presence in Quebec with this partnership with PINQ2. Sam Mugel, technical director and co-founder of Multiverse Computing and manager of its Canadian operations, said the company wants to “play a greater role in Canada’s dynamic and collaborative AI ecosystem, which features highly qualified talent.” He added, “With PINQ2, all the ingredients for an excellent collaboration are in place”.
Multiverse Computing's local commitment in Quebec is based on its access to PINQ2's quantum platform, which allows local testing of large-scale, next-generation AI models condensed and tailored to Quebec and Canadian businesses.
Multiverse Computing and PINQ2's new partnership benefits Quebec and Canadian enterprises. Among these benefits:
Increased efficiency.
AI model customisation.
Better privacy and governance.
This strategic collaboration promotes AI sovereignty in science, industry, commerce, and national security by emphasising local application. Thus, artificial intelligence is considered a national resource, allowing a nation to rely increasingly on locally generated and hosted AI models or solutions while maintaining sovereignty. By offering a stable, independent, and sovereign quantum platform, PINQ² is expected to attract more local start-ups, corporations, and institutions. These organisations can then leverage Quebec's thriving AI ecosystem to refine their talents and influence the solutions that will shape the province's and Canada's quantum and autonomous future.
Multiverse Computing Information: Multiverse Computing pioneered CompactifAI by compressing AI models using quantum computing and AI. Multiverse, based in Donostia, Spain, serves over 100 clients worldwide, including Iberdrola, Bosch, and the Bank of Canada. It operates in Europe, the US, and Canada.In 2023, CB Insights named Multiverse Computing one of the top 100 AI startups. The company services defence, energy, health, finance, and cybersecurity.
About PINQ²: PINQ is a non-profit organisation that promotes digital and quantum innovation on a national and provincial level. One interface accesses quantum and conventional computation. The architecture of this collaborative environment lowers expenses, technical complexity, and infrastructure management, enabling businesses and educational institutions to test, validate, and implement innovative innovations. As the only IBM Quantum System One operator in Canada, PINQ fosters innovation in the fields of finance, energy, the environment, aerospace, and the biological and living sciences.
