Core Viewpoint - Multiverse Computing has developed two of the smallest high-performance AI models, named after the sizes of animal brains, aimed at enhancing AI capabilities in IoT devices and enabling local operation on smartphones and personal computers [2][3]. Company Overview - Multiverse Computing is a European AI startup based in Donostia, Spain, founded by experts in quantum computing and AI, including Roman Orús and Samuel Muguel [4]. - The company has raised approximately €189 million (around $215 million) in funding, with a total of about $250 million since its inception in 2019 [4]. Technology and Innovation - The company utilizes a quantum-inspired compression algorithm called CompactifAI, which allows for significant model size reduction without sacrificing performance [4][5]. - Multiverse has released compressed versions of popular open-source models, including Llama 4 Scout and Mistral Small 3.1, and has also compressed large models like DeepSeek R1 Slim [4]. New Model Launch - The two new models, SuperFly and ChickBrain, are designed for IoT applications, with SuperFly being a compressed version of the SmolLM2-135 model, reduced from 135 million parameters to 94 million [6]. - ChickBrain, with 3.2 billion parameters, is a compressed version of Meta's Llama 3.1 8B model, capable of running offline on devices like MacBooks [6][7]. Performance Metrics - ChickBrain has outperformed its original model in several benchmark tests, including language and mathematical ability tests [7]. - Multiverse has not claimed that its models can surpass the performance of the most advanced large models, focusing instead on maintaining performance while reducing size [10]. Market Engagement - The company is in discussions with major device and appliance manufacturers, including Apple, Samsung, Sony, and HP, which has also invested in the company [10]. - Multiverse offers its compression technology for other forms of machine learning, such as image recognition, and has secured clients like BASF and Bosch [11].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights a total of 33 disclosed investment events in the domestic and international venture capital market, with 25 domestic companies and 8 foreign companies, raising a total of approximately 3.292 billion yuan [3] - The report emphasizes the establishment of various funds focusing on sectors such as biomedicine, new energy, intelligent manufacturing, and artificial intelligence, indicating a trend towards specialized investment in high-growth industries [5][6][12] Summary by Sections Fundraising Events - Mifang Health Fund has completed the fundraising for a new USD VC fund, focusing on early-stage pharmaceutical innovations and has already invested in several promising projects [4] - Zhengzhou Economic Development Zone has established its first industrial venture capital mother fund with a total scale of 5 billion yuan, targeting investments in new energy, intelligent connected vehicles, and biomedicine [5] - Beijing Mentougou District has launched the Jingxi Ruiling Fund with a target scale of 3 billion yuan, focusing on artificial intelligence and smart manufacturing [6] Major Financing - Pashini Perception Technology has completed a new round of A-series financing amounting to several hundred million yuan, aimed at advancing its core tactile perception technology and expanding production lines [7] - Ouyue Semiconductor has secured nearly 100 million yuan in B3 round financing to enhance collaboration in automotive AI computing and optical sensing [8][9] - Multiverse Computing has raised 215 million USD in B round financing to accelerate the adoption of its quantum software technology [10] Global IPO - Haitian Flavor Industry has officially listed on the Hong Kong Stock Exchange with an issue price of 36.3 HKD, being a leader in the Chinese condiment industry and among the top five globally [11] Policy Focus - The Chairman of the China Securities Regulatory Commission emphasized the need to cultivate patient and long-term capital, focusing on private equity fund operations [12][13] - The Central Financial Committee has issued opinions to support the construction of Shanghai as an international financial center, aiming for significant improvements in financial system adaptability and competitiveness over the next five to ten years [14]

Core Viewpoint - Multiverse Computing has successfully raised €189 million (approximately $215 million) in a Series B funding round, leveraging its technology "CompactifAI" to compress large language models (LLMs) significantly while maintaining performance [1][2]. Group 1: Funding and Investment - The Series B funding round was led by Bullhound Capital, with participation from various investors including HP Tech Ventures, SETT, Forgepoint Capital International, CDP Venture Capital, Santander Climate VC, Toshiba, and the Basque venture capital group [1]. - To date, the company has raised approximately $250 million in total funding [2]. Group 2: Technology and Product Offering - CompactifAI is a compression technology inspired by quantum computing, capable of reducing the size of LLMs by up to 95% without compromising model performance [2]. - Multiverse offers compressed versions of well-known open-source LLMs, including Llama 4 Scout, Llama 3.3 70B, Llama 3.1 8B, and Mistral Small 3.1, with plans to release more models soon [2]. - The company claims that its models operate 4 to 12 times faster than uncompressed versions, with inference costs reduced by 50% to 80% [3]. Group 3: Market Applications and Accessibility - Some of Multiverse's models are designed to be compact and energy-efficient, enabling them to run on personal computers, smartphones, cars, drones, and even Raspberry Pi devices [3]. - The Llama 4 Scout Slim version costs $0.10 per million tokens on AWS, compared to $0.14 for the original version, showcasing significant cost savings [3]. Group 4: Leadership and Expertise - The company is backed by strong technical expertise, with co-founder and CTO Román Orús known for his pioneering research in tensor networks, which are tools for simulating quantum computers on conventional machines [4]. - Co-founder and CEO Enrique Lizaso Olmos has a background in mathematics and extensive experience in the banking sector, previously serving as the Deputy CEO of Unnim Banc [4].