New Delhi, July 14 -- Apple is reportedly evaluating Khoslaventures-backed startup, PrismML's technology, which the startup says can shrink powerful AI models enough to run directly on an iPhone while using up to 15x less memory, CNBC reported on Tuesday (14 July).

PrismML, which grew out of research at the California Institute of Technology, unveiled compressed versions of Alibaba's open-source Qwen model on Tuesday. The company said it cut the model's size from around 54 GB to under 4 GB, enabling all 27 billion of its parameters to operate on an iPhone 15 or newer, according to CNBC.

Chief executive Babak Hassibi told CNBC that Apple and several other firms are currently testing the startup's models for speed, energy use and overall ...