Within the framework of the Mobile World Congress that will be held in Barcelona until 6 March, the Minister of Digital Transformation, óscar López emphasized that the state’s access to this Basque company is part of the search for European strategic autonomy.
The Minister of Digital Transformation and Public Function, Óscar LópezOn Tuesday announced that the Spanish government has invested 67 million euros in the Guipuzcoan company Multivrse Computing Through the Spanish society for technological transformation (SETT)-known in popular speech as the ‘SEPI Digital’-. As EITB has learned, the Spanish government with the operation with the 14 % of the promotions. Basque shareholders (Basque Government, Mondragon Corporation, Kutxa …) would maintain 37 % of the company.
Within the framework of Mobile World Congress (MWC) This is celebrated in Barcelona until 6 March, the minister emphasized that the accession of the state in this Basque company is part of the search for European strategic autonomy.
In that line he has deepened that multivrse computing has reached a compression model of the language models of Artificial Intelligence (AI) “Above 90 %”, something that can be an energy saving of around 50 % in data centers.
The holder of digital transformation has emphasized that it is a “pointer” project “It will place Spain at the head of Europe” And that with the accession of the Spanish government to the company is a “fundamental leap” in the “Race of AI”.
Located in Donostia-San SebastiánMultivrse Computing has developed software inspired by Quantum Computing with which AI models are compressed to 10 % of the original size, “consume fewer resources and obtain equivalent yields.”
This makes it possible, for example, to use those models “issue less energy or smaller devices, such as virtual reality glasses or smartphones instead of large computers, even in offline mode,” they explained from the ministry.
They also emphasized that in 2024, Digital makerThe employer of the industries in the process of digital transformation in Europe, recognized multivrse computing as ‘the next future European unicorn’. In the same year, LinkedIn He recorded multivrse computing “in his top 20 of more promising emerging companies in Spain.”
Source: EITB
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