Multiverse Computing raises $215M for tech that could radically slim AI costs | TechCrunch

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 says.

Specifically, Multiverse offers compressed versions of well-known open source LLMs – primarily small…