Spanish ‘soonicorn’ Multiverse Computing releases free compressed AI model

Multiverse Computing, a Spanish startup, has released a free compressed AI model, HyperNova 60B, using its CompactifAI technology, inspired by quantum computing. The model is designed to be affordable and efficient for businesses. While not yet a unicorn, Multiverse is raising funds with a valuation over €1.5 billion, and has secured partnerships with notable companies and government agencies.

Key Points

• Multiverse Computing has launched HyperNova 60B, a compressed AI model that is half the size of OpenAI's gpt-oss-120b but maintains potency and accuracy.
• The startup uses CompactifAI technology for model compression, benefiting from quantum computing principles.
• HyperNova 60B 2602 supports tool calling and agentic coding, reducing inference costs.
• Multiverse is seeking a €500 million funding round valued at over €1.5 billion, signaling growth potential.
• The company serves enterprise clients, including Iberdrola, Bosch, and the Bank of Canada, and competes with firms like Mistral AI.

Relevance

• The rapid advancement in AI technologies and demand for more affordable solutions aligns with current trends towards making AI accessible to smaller enterprises.
• Multiverse's growth and funding pursuits echo the larger narrative of European tech companies competing with U.S. firms, reflecting shifting dynamics in the global AI landscape.
• The collaboration with local agencies indicates increasing government support for homegrown tech companies amidst geopolitical factors.

Multiverse Computing's developments highlight a growing trend in the AI landscape towards efficiency and affordability, potentially reshaping the competitive dynamics with U.S. tech giants. Their focus on sovereignty in AI solutions may resonate with ongoing global shifts.