CompactifAI
Multiverse Computing, a Spanish company that specialises in the advanced compression of artificial intelligence (AI) models, and PINQ2, the Platform for Digital and Quantum Innovation of Quebec (Plateforme d’innovation numérique et quantique du Québec), have announced a significant strategic partnership. Through this partnership, local companies will be able to take advantage of cutting-edge technology that is less energy-intensive and more efficient while preserving AI’s strength and promise. A tangible step towards establishing a long-term presence in the area and expanding the useful uses of Multiverse Computing’s technology in North America, the agreement also formally launches the company’s entry into Quebec.
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The CompactifAI compression technology from Multiverse Computing, which is particularly motivated by quantum concepts and process simplification, lies at the heart of this revolutionary collaboration. This ground-breaking model compressor allows AI models, particularly large language models (LLMs), to be substantially reduced in size. It is based on tensor networks, a formulation technique for quantum systems that can analyse massive, extremely complicated data sets. In terms of compressing AI models, Multiverse Computing is acknowledged as the industry leader.
CompactifAI’s capabilities are especially remarkable when it comes to meeting the resource requirements of contemporary AI. For example, CompactifAI can significantly reduce the size of the latest Llama 3.1 8B model, created by IT behemoth Meta. This LLM usually uses a lot of processing power. This significant cut reduces energy consumption by an astounding 50% while simultaneously lowering operating costs. The AI models are said to maintain accuracy and even boost inference speed by a factor of 1.8x in spite of this sophisticated compression.
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Additionally, CompactifAI can compress LLMs by up to 95% with only a 2-3% accuracy loss, which drastically lowers computational needs and creates new applications for AI in numerous industries. AI models that have been compressed are also more portable, taking up less room when installed on different machines.
The Quebec institution can serve as a catalyst for this new technology through its partnership with PINQ2, providing a number of advantages in a secure and independent setting. This collaboration is in line with PINQ2’s aim to “enable companies of all sizes to access advanced technologies in a sovereign, sustainable, and high-performance environment,” according to Marie-Claude Messier, General Manager. She added that in addition to creating eco-friendly standards in the use of AI, which she characterised as “important and significant aspects,” this partnership will have a good impact on innovation in Quebec across a wide range of areas.
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This collaboration with PINQ2 is an important step towards a long-term presence in Quebec for Multiverse Computing, the biggest provider of quantum software in Europe. The company’s goal is to “play a greater role in Canada’s dynamic and collaborative AI ecosystem, which features highly qualified talent,” said Sam Mugel, technical director and co-founder of Multiverse Computing and manager of the company’s Canadian operations. He continued, “With PINQ2, all the ingredients for an excellent collaboration are in place” .
The foundation of Multiverse Computing’s local commitment in Quebec is its access to the potent resources of PINQ2’s quantum platform, which offers a strong foundation for local testing of large-scale, next-generation AI models that have been condensed and tailored to the requirements of Quebec and Canadian businesses.
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For businesses in Quebec and Canada, this new collaboration between Multiverse Computing and PINQ2 offers substantial advantages. Among these advantages are:
- Enhanced effectiveness.
- The creation of customised AI models.
- Better governance and privacy.
Importantly, by emphasising local application, this strategic partnership also strengthens the ideas of AI sovereignty, particularly in science, industry, commerce, and national security. As a result, artificial intelligence is viewed as a national resource, allowing a nation to depend more on locally created and hosted AI models or solutions while maintaining its sovereignty. This offering is anticipated to draw more local start-ups, businesses, and institutions because PINQ² is a reliable, independent, and sovereign quantum platform. These organisations can then use Quebec’s vibrant AI ecosystem to hone their skills and abilities, creating and influencing the solutions that will define the province’s and Canada’s quantum and independent future.
About Multiverse Computing: Using its knowledge in artificial intelligence and quantum software, Multiverse Computing is the pioneer in compressing AI models, creating CompactifAI. With its headquarters in Donostia, Spain, Multiverse serves more than 100 clients globally, including well-known companies like Iberdrola, Bosch, and the Bank of Canada. It also maintains operations in Europe, the USA, and Canada.CB Insights has also named Multiverse Computing one of the top 100 AI firms in 2023. The company serves defence, energy, health sciences, finance, and cybersecurity.
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About PINQ²: PINQ² is a national and provincial non-profit organisation that provides a platform for digital and quantum innovation. One interface provides access to quantum and conventional computing resources. This collaborative environment’s architecture decreases costs, technical complexity, and infrastructure administration, allowing businesses and academic institutions to test, validate, and implement cutting-edge technology solutions. Operating Canada’s sole IBM Quantum System One, PINQ² actively fosters innovation, especially in the fields of finance, energy, the environment, aerospace, and life and biomedical sciences.
