Multiverse Computing Secures Funding for Energy-Efficient Quantum AI
In an era dominated by the rapid growth of artificial intelligence (AI), the escalating energy demands of large language models (LLMs) like ChatGPT and Bard pose significant sustainability challenges. To address this issue, Multiverse Computing, a Spanish quantum AI software startup, is leveraging cutting-edge quantum-inspired tensor networks to create smaller, Energy-Efficient Quantum AI models. Their breakthrough platform, CompactifAI, promises to drastically reduce energy consumption while maintaining model performance. Recently, Multiverse Computing secured a significant, undisclosed investment from CDP Venture Capital, a Rome-based firm specializing in early-stage ventures across Italy. This investment follows a €25 million oversubscribed funding round concluded nine … Read more