Multiverse Computing receives 67 million investment from state government
Multiverse Computing, a company based on the Donostia Campus of the Euskadi Technology Park and dedicated to quantum computing, has received an investment of 67 million euros from the Spanish government. This was announced by the Minister for Digital Transformation and the Civil Service, Óscar López, during the Mobile World Congress (MWC), which is being held in Barcelona.
Dedicated to quantum artificial intelligence software since 2019, Multiverse Computing will receive this economic injection through the Spanish Society for Technological Transformation (SETT) -baptised as ‘SEPI Digital’-.
In the framework of the Mobile World Congress (MWC) being held in Barcelona until 6 March, Minister Óscar López stressed that the State’s entry into this company is part of the search for European strategic autonomy.
In this sense, Multiverse Computing will work with Airbus Defence and Space to build a new gesture-based control system for combat aircraft, within the ‘EPIIC’ project of the European Defence Fund. The project will end in September 2025.
Multiverse opened an office in San Francisco (USA) at the end of last year to boost its growth in that market. With this commitment, the Basque firm wants to accelerate the adoption of its artificial intelligence and quantum solutions by customers based in the country, including government and companies. This office joins those that the Basque firm already has in Canada, France, Germany, the United Kingdom and Italy.
Multiverse Computing has achieved a compression model of artificial intelligence (AI) language models ‘above 90%’, which can lead to energy savings of around 50% in data centres, said the Spanish minister.
As explained at the congress, ‘this allows, for example, to use these AI language models with a lower energy consumption in smaller devices, such as virtual reality glasses or smartphones, even in “offline” mode.
