Óscar López, Minister for Digital Transformation and Public Function, announced within the framework of the Mobile World Congress of Barcelona something interesting: an investment of the government to support a promising Spanish startup of artificial intelligence.
Multivize Computing. The Spanish company Multivize Computing It has venues in San Sebastián, Toronto, Munich, Paris and London and aims to “revolutionize artificial intelligence through the understanding of models.” Its products are able to compress large language models at 10% of its original size, with cost reduction and efficiency improvement that implies.
Compressing the AI. Its main product is compactifai, a “compressor of AI models” that allows more fast, cheap and efficient ia systems. According to Your dataa model as it calls 3.1 405b has an operational cost of about $ 390,000 if we want to run it at home (13 GPUS H100, 9100 W of consumption), but thanks to Compactifai it is possible to reduce that cost to 60,000 dollars (2 GPUS H100, 1,400 W).
67 million for this European “unicorn”. López has announced that the Government will enter as a shareholder in Multivrse Computing through the Spanish Technological Transformation Society (SETT). In 2024 Digitaleurope, employer of industries in the process of transformation in Europe, recognized the company as the future European Uniccorn. It is one of the most promising emerging companies in Spain according to LinkedIn, and this investment is of course a commitment to that future.
And aids for companies. The minister took the opportunity to announce a call for 130 million euros (up to 5 million euros per project) from FEDER funds for companies that incorporate AI “in their value chains.” There is also another additional call of 50 million euros for the integration of AI in companies in the health sector.
There are already real cases of use. A previous call endowed with 50 million euros and launched by Sedia in 2021 concluded in December and there have been real cases. One of them is Tartaglia, focused on the health sector and endowed with seven million euros. This project has developed a system so that health institutions can safely share data. Another of these projects is agrarian, with an investment of nine million euros and that has taken advantage of AI to for example foresee the yield of the crops through satellite images, early pest detection or modeling of the energy expenditure of large fridge cameras.
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