edge deployment AI News & Updates

Mistral Releases Mistral 3 Family: Open-Weight Frontier Model and Nine Efficient Small Models

French AI startup Mistral launched its Mistral 3 family, including Mistral Large 3, an open-weight frontier model with multimodal and multilingual capabilities, alongside nine smaller Ministral 3 models designed for edge deployment. The company emphasizes that these smaller models can run on single GPUs and match or outperform closed-source models when fine-tuned for specific enterprise use cases. Mistral is positioning itself as a more accessible and cost-effective alternative to competitors like OpenAI and Anthropic, with growing focus on physical AI applications in robotics and vehicles.

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.