News Summary

• Multiverse Computing claims these are the world’s smallest models that are still high-performing.
• These new tiny models are intended to be embedded into Internet of Things devices, as well as run locally on smartphones, tablets, and PCs.
• Multiverse Computing is a buzzy European AI startup headquartered in Donostia, Spain, with about 100 employees in offices worldwide.
• It just raised €189 million (about $215 million) in June on the strength of a model compression technology it calls “CompactifAI”