Multiverse Computing targets a $570m Series C at a $1.7bn valuation to cut AI costs

Spanish deeptech firm Multiverse Computing is raising up to $570m in a Series C round at a $1.7bn valuation to expand its CompactifAI tool, which compresses large language models by up to 95% to reduce costs and energy use. The company applies quantum physics techniques to optimize AI models and other systems like flood prediction, aiming to make AI inference more efficient and affordable.