Funding Fuels Spanish Startup’s Aim to Shrink AI Models for Smartphones

A recent funding round of $215 million has bolstered the Spanish company Multiverse Computing, enabling it to advance its mission of making artificial intelligence (AI) models more efficient and suitable for use on smartphones and other edge devices. Multiverse aims to address a significant challenge in the field by shrinking AI models, allowing them to run directly on consumer devices without reliance on cloud servers. This technology promises faster, more private, and more energy-efficient AI applications, particularly important as demand for on-device AI grows within the smartphone industry.