edge deployment AI News & Updates
Spanish Startup Raises $215M for AI Model Compression Technology Reducing LLM Size by 95%
Spanish startup Multiverse Computing raised €189 million ($215M) Series B funding for its CompactifAI technology, which uses quantum-computing inspired compression to reduce LLM sizes by up to 95% without performance loss. The company offers compressed versions of open-source models like Llama and Mistral that are 4x-12x faster and reduce inference costs by 50%-80%, enabling deployment on devices from PCs to Raspberry Pi. Founded by quantum physics professor Román Orús and former banking executive Enrique Lizaso Olmos, the company claims 160 patents and serves 100 customers globally.
Skynet Chance (-0.03%): Model compression technology makes AI more accessible and deployable on edge devices, but doesn't inherently increase control risks or alignment challenges. The focus on efficiency rather than capability enhancement provides marginal risk reduction through democratization.
Skynet Date (+0 days): While compression enables broader AI deployment, it focuses on efficiency rather than advancing core capabilities that would accelerate dangerous AI development. The technology may slightly slow the concentration of AI power by enabling wider access to compressed models.
AGI Progress (+0.02%): Significant compression advances (95% size reduction while maintaining performance) represent important progress in AI efficiency and deployment capabilities. This enables more widespread experimentation and deployment of capable models, contributing to overall AI ecosystem development.
AGI Date (+0 days): The dramatic cost reduction (50%-80% inference savings) and ability to run capable models on edge devices accelerates AI adoption and experimentation cycles. Broader access to efficient AI models likely speeds up overall progress toward more advanced systems.