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CompactifAI is an AI model compression tool developed by Multiverse Computing, designed to enhance the efficiency, affordability, and portability of artificial intelligence systems. By leveraging advanced tensor networks, CompactifAI significantly reduces the size and computational demands of large language models (LLMs) and other AI architectures. This compression leads to substantial savings in memory and disk space, making AI projects more cost-effective and accessible. Additionally, CompactifAI supports the development of localized AI models, ensuring data privacy and compliance with governance requirements. Its innovative approach addresses the growing challenges of escalating computational power demands, soaring energy costs, and limited hardware availability in the AI industry.