If AI lab PrismML isn’t on your radar yet, it should be — not because it’s raised gobs of money (it hasn’t yet, just a $22.25 million seed round), but because of the technical minds involved and the potentially industry-changing tech it’s developing. PrismML is betting that capable, high-performing, reasoning large language models don’t, in fact, have to be large. It is making reasoning models so small they can fit on PCs and smartphones. (It’s even rumored to be in talks with Apple, though CEO Babak Hassibi declined to comment on that to TechCrunch.) On Thursday, PrismML released Bonsai 2…